Bessemer Joins Sarvam AI's $250M Round, Accel Exits; Valuation Hits $1.5B

• Bessemer Venture Partners expresses interest in Sarvam AI's $200-250 million funding round, joining Nvidia and HCLTech.
• Accel has dropped out of the funding round, which values Sarvam AI at $1.5 billion post-money, a 7x increase in two years.
• The deal, led by Bessemer's US team with Partner Sameer Dholakia, marks the largest private market funding for an Indian startup this year.
• Sarvam AI recently launched two large language models (30B and 105B parameters) trained in India, outperforming competitors in Indian languages.
• Sarvam AI is a key player in India's sovereign AI push, receiving significant GPU subsidies under the IndiaAI Mission.