LatestStartup And Fundraising 28 June 2026
Govt Eyes AI Startup
The Indian government is considering taking a small stake in Sarvam, a Bengaluru-based AI startup, after its recent $300 million funding round, which could lead to the government owning a portion of the company, the move is seen as a way to support the growth of the AI industry in India and to have a say in the development of the technology, the government's stake is expected to be around 1-2% and will be finalized after the completion of the funding round
The Indian government may take a small stake in *Sarvam*, a Bengaluru AI startup, after its big $300 million funding round. A stake means owning a portion of the company.
Some key points about the deal include:
- The government's stake is expected to be around 1-2%
- The move is seen as a way to support the growth of the AI industry in India
- The government will have a say in the development of the technology
The deal is expected to be finalized after the completion of the funding round.
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