IndiaAI Support May Make Centre a Minority Shareholder in Sarvam

The central government may acquire a 1–2% stake in AI startup Sarvam through the IndiaAI Mission, ET reported. The stake would come from compulsorily convertible debentures (CCDs) issued in exchange for government-funded compute infrastructure. Sarvam recently raised $234 million as part of its ongoing $300 million funding round. The fresh capital will support AI research, next-generation frontier models, and large-scale compute infrastructure. The startup is among the biggest beneficiaries of the IndiaAI Mission, having received ₹98.68 crore in compute support.