Tag: valuing startup
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India’s HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
June 15 : India’s HCLTech said on Monday it will acquire a 10.5 per cent stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm’s Series B round as a strategic investor.Sarvam was valued at $1.5 billion in the round, which raised $234 million in i
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