Sarvam AI nears ₹700cr funding led by NVIDIA

Sarvam AI is set to raise ₹698 crore in a new funding round led by NVIDIA. The company board approved issuing shares at ₹3,44,570 each. NVIDIA will invest ₹238 crore, giving it a 1.66% stake. This round values the firm at ₹14,342 crore, while founders keep a 38.44% stake.