India may get minority stake in AI startup Sarvam

The Indian government could become a minority shareholder in AI startup Sarvam through the IndiaAI Mission. The government may end up with a 1-2% stake as part of Sarvam's $300 million funding round, which values the company at about $1.5 billion. Sarvam raised $234 million in its Series B round, led by HCLTech.