HCL Tech shares jump 3% after buying stake in Sarvam AI for Rs 1,427 crore (opens original article in a new tab)

HCL Tech invested Rs 1,427 crore in Sarvam AI, part of a $300 million funding round valuing the startup at $1.5 billion, aiming to enhance AI research and development.

• HCL Tech invested Rs 1,427 crore in Sarvam AI, securing a 10.46% stake.
• Sarvam AI's Series B funding round totaled $300 million, valuing the startup at $1.5 billion.
• HCL Tech will support Sarvam AI's R&D in AI agentic models, coding models, and cybersecurity applications.