Sarvam AI's board has approved issuing 20,244 Series B preference shares and seven equity shares at ₹3,44,570 each, raising ₹698 crore or about $74 million.
NVIDIA leads with ₹238 crore, ahead of Glade Brook Capital at ₹190.3 crore and Gaja Capital at ₹95 crore.
This is an extension of the $300 million Series B that first-closed at $234 million on 15 June 2026, taking the round past its original target.
The approval is a resolution, not a receipt. Allotment has not been confirmed, the company has not announced the tranche, and the stake figures come from one reading of the filing.
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