Sarvam’s unicorn raise; Big exits in new IPOs (opens original article in a new tab)

Sarvam AI joined the unicorn club with a $234 million funding round led by HCLTech, while Purplle paused fundraising and investors exited IPOs worth billions.

• Sarvam AI raised $234 million led by HCLTech, valuing the company at $1.5 billion.
• Purplle paused fundraising talks due to disagreement over valuation.
• Investors cashed out Rs 17,759 crore from new-age IPOs post-lock-in period.