Govt could get a minority stake in Sarvam through IndiaAI Mission support

The Indian government could become a minority shareholder in AI startup Sarvam through its support under the IndiaAI Mission, according to an Economic Times report. The report said the Centre may end up with a 1-2% stake in Sarvam as part of the startup’s ongoing $300 million funding round , which values the company at about $1.5 billion. Under the IndiaAI Mission, the government provided computing support to Sarvam and received compulsorily convertible debentures (CCDs) in return.