Trilegal advised Sarvam AI and its founders on its Series B fundraising round of USD 300 million

Trilegal advised Axonwise Private Limited (Sarvam AI) and its founders on its latest fundraise at a USD 1.5 billion valuation through the issuance of Series B compulsorily convertible preference shares. The Series B round is being led by HCL Technologies Limited and Bessemel Ventures Partners, with participation from existing investors Peak XV and Khosla Ventures.

Sarvam builds across the AI stack: training and inference infrastructure, frontier model research, and a go-to-market motion spanning enterprises, developers, and government. The investment will fund Sarvam’s continued research on training its next frontier model for agentic, coding, and cybersecurity use-cases, as well as access to compute at scale to expand its forward-deployed motion across key verticals.

The Trilegal team advising on the matter was led by Partners: Rahul Matthan (TMT Practice), Nikhil Narendran (TMT Practice), Rahil Pereira (Corporate Practice), Gauri Chhabra (Competition Practice) and Thomas J Vallieneth (TMT Practice); and supported by Counsels: Ishika Goon, Anjana Ravi and Madhav Tampi; Associates: Shourya Pratap Singh Tomar, Dia Shetty, Muhammed Ijaz, Sarashika Eakambaram, Santosh S and Adithi Holla.

About Trilegal

Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 161 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,300 professionals across its Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City offices.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024.

For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.