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HCLTech to lead $300 million funding round for Sarvam AI

HCLTech is set to lead a $300 million funding round for Sarvam AI, aiming for a $1.5 billion valuation. HCLTech will invest $150 million, with additional contributions from Bessemer Venture Partners and others, marking a significant move in India's AI startup ecosystem.

1 Jul 2026 · 16:10 ISTafter close1 source ↓written by the desknot a recommendation

funding round: $300 million
plans to invest: $150 million
set to contribute: $50 million

HCLTech is poised to lead a $300 million funding round for Bengaluru-based Sarvam AI, with an expected valuation of $1.5 billion. HCLTech plans to invest $150 million, while Bessemer Venture Partners is set to contribute $50 million. This investment highlights HCLTech's strategy to adapt to the AI shift in the IT services sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 1 Jul 2026, 16:10 IST.

Sourcesnews.google.com

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The market after the news

HCLTECH closed +4.2% on the day of the news, from ₹1,034.20 to ₹1,078.10; Nifty +0.7% over the same session; futures OI −2.3%.

Bulletin at 16:10 IST on 1 Jul 2026. Every change is measured from ₹1,034.20, the last close before it, on 1 Jul. Nifty 50 is measured over the same sessions.

HCLTECH close ₹
Nifty 50, rebased to the close before the news
close before the news
above it
below it
futures OI, lots

price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session

Closes after the news against the close before it, with Nifty 50 over the same span
Session	Close ₹	Change %	Nifty %
Before1 Jul	₹1,034.20	base	base
On the day2 Jul	₹1,078.10	▲ +4.2%	▲ +0.7%+3.5 pp difference
+1 session3 Jul	₹1,139.00	▲ +10.1%	▲ +1.1%+9.0 pp difference
+3 sessions7 Jul	₹1,168.20	▲ +13.0%	▲ +1.6%+11.3 pp difference
+5 sessions9 Jul	₹1,150.40	▲ +11.2%	▼ −0.2%+11.4 pp difference

Gap at the open, % · ₹: ▲ +1.4%+14.79 on 2 Jul
Day's range, % · ₹: 3.4%≈ 35 high to low
Volume on the day: 1.01×the 20-session average
Futures OI on the day: ▼ −2.3%−2,600 lots · short covering · price +4.2%
Futures OI open, lots: 1.1 L2 Jul · 28 Jul expiry
Futures premium, ₹: −9.60−0.9% to spot
Puts per call, by OI: 0.65from 0.62 the session before
Max pain: 1,090from 1,080 the session before

Source NSE UDiFF bhavcopy · HCLTECH on the desk →

HCLTech to lead $300 million funding round for Sarvam AI

HCLTECH closed +4.2% on the day of the news, from ₹1,034.20 to ₹1,078.10; Nifty +0.7% over the same session; futures OI −2.3%.

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