[India's Sarvam AI Nears Completion of Up to $350 Million Funding Round] Indian AI startup Sarvam AI is nearing the completion of a funding round of $300 million to $350 million, with a valuation of approximately $1.5 billion to $1.55 billion. The deal is expected to close as early as next week. Bessemer Venture Partners is likely to lead the round, with participation from Nvidia, Amazon, and Prosperity7 Ventures. Sarvam AI was founded in 2023 by Vivek Raghavan and Pratyush Kumar, supports 22 Indian languages, and aims to compete with companies like OpenAI and Alphabet Inc.