Sarvam joins unicorn club, raises $234 million

The funding comes amid growing investor interest in India’s AI ecosystem. Earlier this year, AI cloud platform Neysa raised $1.2 billion in a Blackstone-led funding round to expand large-scale AI infrastructure. Sarvam co-founder Pratyush Kumar said the fresh capital will expand compute infrastructure, help hire AI talent and build new products, including an AI-assisted coding platform aimed at competing with global software engineering assistants such as Claude and Codex.