Sarvam AI turns unicorn; Razorpay confidentially files IPO papers

Short summary

Sarvam AI secured $234 million in funding from HCLTech to develop advanced AI models, expand infrastructure, and strengthen India's sovereign AI ecosystem, achieving unicorn status. The investment reflects growing venture capital confidence in India's AI innovation capabilities. Razorpay separately filed confidential IPO papers, signaling broader momentum in India's tech startup sector.

• •Sarvam AI raised $234M from HCLTech for sovereign AI model development and infrastructure expansion
• •Startup achieved unicorn valuation, reflecting investor confidence in India's AI ecosystem
• •Razorpay's confidential IPO filing signals accelerating growth across India's tech startups

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