Minuscule AI Startup Raises $41 Million to Tap India Growth
Minuscule AI startup raises $41 million to tap India growth

A generative artificial intelligence startup targeting the Indian market raised $41 million in fresh funding, the largest such round by an early-stage AI contender in the country. Sarvam AI is building large language models targeted at unique uses in Indian languages at price points that the country's 1.4 billion people can afford. The Series A funding round was led by Lightspeed Venture Partners, and participants included Silicon Valley billionaire Vinod Khosla's Khosla Ventures and Peak XV Partners, formerly Sequoia Capital India & Southeast Asia, Sarvam said Thursday. The Bangalore-based startup, until recently in stealth mode, was co-founded by Vivek Raghavan and Pratyush Kumar. It has ambitious plans to build open source foundational AI systems as well as tools for creating apps for the meager compute infrastructure available to developers in India. The startup has a total of 18 employees and is just opening an office in the city. "What we are showing is that you can build large language models with limited resources," Raghavan said in a phone interview. "We are building at a smaller scale and demonstrating that these can be extremely cost and energy efficient so they can be accessed by everyone." Large language models, like OpenAI's GPT-4 and Meta Platforms Inc.'s Llama, are powerful AI systems that understand by learning from vast amounts of diverse data from the internet and elsewhere to summarize, translate, and create text, audio and video for a wide range of applications. The rivalry to develop ever-more sophisticated models is heating up in Silicon Valley and such efforts have attracted billions of dollars in investments. Stay informed with the latest business news, updates on bank holidays and public holidays. AI Masterclass for Students. Upskill Young Ones Today! Join Now

Man Loses Leg in 'Phatka Gang' Attack on Moving Train in Kalyan
Man Loses Leg in 'Phatka Gang' Attack on Moving Train in Kalyan
KALYAN: A 22-year-old farmer from Nashik suffered a partial amputation of his left leg after being hit by the notorious 'Phatka gang' near Kalyan. The incident occurred on Sunday morning while Gaurav Nikam was travelling on the Tapovan Express from Thane to Nashik. According to Kalyan GRP, the incident happened between Shahad and Ambivli railway stations when the train slowed down near Irani Pada. Nikam was on a phone call near the train door when a minor boy from outside struck his hand with a
Allegations of Fraudulent Surrogacy Practices Surface at Hyderabad Fertility Clinic
Allegations of Fraudulent Surrogacy Practices Surface at Hyderabad Fertility Clinic
HYDERABAD: Gopalapuram police have registered five new cases against the head of Srushti Fertility Clinic Dr Athaluri Namratha alias Pachipala Namratha, and others based on complaints lodged by five sets of victims. While in one case a couple alleged that the doctor handed them a baby whose DNA did not match theirs, three other couples accused the clinic of adopting dubious methods. They claimed that they had already paid the money — anywhere from Rs 12.5 lakh to Rs 19 lakh — and even deposited their biological samples when they grew suspicious about the operations of Dr Namratha and her clinic. The frauds occurred between 2019 and 2025. Cops are yet to ascertain details of the fifth case.
Uttarkashi Cloudburst Horror: Flash Floods Sweep Away Village, People Seen Running For Their Lives
Uttarkashi Cloudburst Horror: Flash Floods Sweep Away Village, People Seen Running For Their Lives
DEHRADUN: A man narrowly escaped death after the flash flood swept through Dharali village in Uttarkashi on Tuesday, triggering a massive pile of debris. He was seen crawling out from the rubble, covered in mud and visibly injured, moments after the deadly waters destroyed homes, shops, and roads in seconds. The man's identity and his current condition remained unknown as of Tuesday evening, but widely circulated videos have already hailed him as a hero. Officials have not yet confirmed whether he was later taken to hospital or rescued by disaster response teams.
Can Vijay be the Next MGR in Tamil Nadu Elections?
Can Vijay be the Next MGR in Tamil Nadu Elections?
A huge poster of actor Vijay stares down from the wall. A digital signboard flashes: 285 days, 3 hours, 43 minutes and 46 seconds, a countdown to the 2026 assembly election in Tamil Nadu. Scores of people sit glued to screens, fingers flying over keyboards, some others are on mobile phones trying to reach voters in remote hamlets. The Tamizhaga Vettri Kazhagam (TVK) war room in Chennai is fully activated.
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T&T Group to Launch Rs 700 Crore Residential Project in Raj Nagar Extension
T&T Group to Launch Rs 700 Crore Residential Project in Raj Nagar Extension
T&T Raj Nagar Extension, known for its affordability, may soon see a shift in its residential landscape. T&T Group is preparing to launch a premium housing project in the area, with an estimated worth of Rs 700 crore, which is expected to significantly expand its market share in the luxury housing market.Spread across 3.25 acres, the upcoming project will feature over one million square feet of built-up area and offer 3 and 4 BHK apartments across Ground + 16-storey towers. The design reportedly
Top Stocks Recommendations for August 7, 2025
Top Stocks Recommendations for August 7, 2025
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Asian Paints, Cummins India, and Eicher Motors are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 7, 2025:Index View: NiftyNifty has been trading within a 2% range for the past 8 trading days as the index has given a breakdown from a bearish head and shoulders p
Use Crisis to Unleash Reforms: Anand Mahindra
Use Crisis to Unleash Reforms: Anand Mahindra
MUMBAI: Industrialist Anand Mahindra has said that US tariffs will have the unintended consequences of creating new growth drivers, and India should use the opportunity to unleash reforms like in 1991 and promote tourism as a forex engine. In an elaborate post on X following the tariff announcements, the Mahindra & Mahindra chairman outlined his two proposals - creating a genuine single-window clearance system for all investments, starting with willing states aligning to a national platform to d
Japan to Import Ford F-150s, Trade Agreement Details Still Unclear
Japan to Import Ford F-150s, Trade Agreement Details Still Unclear
Japan is set to begin importing Ford's hefty F-150 pickup trucks, as announced by US President Donald Trump on Tuesday, amidst lingering uncertainties surrounding the full extent of the trade agreement.
Indian Startups Creating Jobs: Finance Ministry Report
Indian Startups Creating Jobs: Finance Ministry Report
Finance Ministry NEW DELHI: More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the finance ministry said in its latest review of the Indian economy. In the report titled, 'The Indian Economy: A Review January 2024', the Department of Economic Affairs said that the 1.14 lakh startups recognised by the government under the 'Startup India initiative' created more than 12 lakh jobs (as of October 2023). The state-owned e-commerce platform Open Network for
Turning Carbon Dioxide into Something Beautiful
Turning Carbon Dioxide into Something Beautiful
For most perfume makers, the key feature is the ingredients that make it smell great. However, for Stafford Sheehan, a cofounder and chemist at Air Company, the most crucial aspect of perfume-making is its lack of scent.Based in New York, Air Company utilizes technology to convert planet-warming carbon dioxide into ethanol. This ethanol is then combined with essential oils and water to create perfume. The pale yellow Air Eau de Parfum, although about 50% more expensive than Coco Chanel's signatu
Indian Stock Market Update: Nifty50 and BSE Sensex Trade Flat After RBI Announcement
Indian Stock Market Update: Nifty50 and BSE Sensex Trade Flat After RBI Announcement
Market experts anticipate sideways trading, with attention focused on the Reserve Bank of India's monetary policy. (AI image) Stock market today: Indian equity benchmarks Nifty50 and BSE Sensex traded flat on Wednesday, following the RBI’s monetary policy announcement and continued foreign fund outflows. As of 10:14 AM, the Nifty50 was down 46.50 points or 0.19%, trading at 24,603.05. While the 30-share BSE Sensex slipped 81
Gold and Silver Price Prediction Today
Gold and Silver Price Prediction Today
Gold price prediction: MCX Gold prices have been trading significantly above the ₹1,00,000 mark, indicating strong bullish momentum in the domestic market. (AI image) Gold and silver price prediction today: Gold rates have been exhibiting bullish momentum in the domestic market. What levels of gold and silver prices should investors watch out for? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views: MCX Gold MCX Gold prices have