IndiaAI backing could make government a minority shareholder in Sarvam (opens original article in a new tab)

India's government may acquire a 1-2% stake in AI startup Sarvam through non-cash support under the IndiaAI Mission, as part of a $300 million funding round.

• India government could hold 1-2% stake in Sarvam via non-cash support under IndiaAI Mission.
• Sarvam's $300M funding round includes $234M raised so far, with HCLTech leading at $150M.
• Sarvam received subsidized GPU compute access under IndiaAI Mission, with government covering 40% of costs.