Sarvam becomes India’s newest AI unicorn with $234 million funding round led by HCLTech

With the fresh investment, Sarvam said it would fund research into its next-generation AI models focused on agentic, coding, and cybersecurity applications, while also expanding access to computing infrastructure as it scales deployments across industries.

Sarvam said its conversational AI platform now handles more than 2 million interactions a day, while its inference platform processes roughly 10 million API calls daily. Its speech models transcribe more than 500,000 hours of audio each month, and its document AI systems are being used to digitize more than 35 million pages of records.

Those tools are increasingly being deployed at scale. The company said its multilingual voice agents have collected data from 17 million farmers for India’s Ministry of Agriculture and Farmers Welfare. Additionally, a nationwide voice campaign for a leading insurer helped support policy renewals for 45 million policyholders.

Beyond government and consumer-facing applications, Sarvam said a large fintech company is using its agentic AI platform to support a sales force of more than 350,000 people.

The startup was founded by Vivek Raghavan and Pratyush Kumar, who previously worked at AI4Bharat, an Indian-language AI research initiative at the Indian Institute of Technology Madras backed by technology veteran Nandan Nilekani.

“Our ambition is to diffuse this technology widely in India, creating significant value across sectors for citizens, small businesses, enterprises, and state and central governments,” Raghavan said. “We are positioned to both help them adopt and innovate on AI.”