HCLTech invests $150.7M for 10.5% in Sarvam AI at $1.5B valuation

HCLTech invests $150.7 million for a 10.5% stake in Sarvam AI at a $1.5 billion valuation. The funding is part of Sarvam's Series B round, which raised $234 million in its first close and targets $300 million total.