Sarvam’s $234 million raise makes it a unicorn but exposes a tougher question: can India really fund sovereign AI at the scale that now counts?
Krishnadevan V
June 18, 2026 at 7:54 AM IST
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The Nifty IT P/E sits at around 20 times, well below the 28x-to-30x range the sector traded at through much of 2024. This compression tracks the widening distance between what the Big 6 are claiming on AI, and what they are disclosing.
Dev Chandrasekhar
May 18, 2026 at 8:39 AM IST
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