Cyril Amarchand Mangaldas (the “Firm”) acted as legal counsel to Bessemer Venture Partners (“BVP”) in connection with BVP’s participation in the Series B fund-raise by Axonwise Private Limited (trade name: “Sarvam AI”). This funding round of Sarvam AI saw participation from HCL Technologies Limited and from existing investors Khosla Ventures and Peak XV Partners.
Sarvam AI is developing a full-stack, sovereign AI platform custom-tailored for Indian languages, data, and governance.
The deal team was led by Krithika Chandrasekaran, Partner; with assistance from Jayant Belgaumkar, Senior Associate; Manav, Tara Ranade, and Abhisek Behera, Associates.
The TMT Team led by Arun Prabhu, Partner — (Co-Head — Digital | TMT); and Arpita Sengupta, Partner; with assistance from Nidhi Jhawar, Senior Associate; and Shivaram Gopal, Associate; assisted the transaction team in the intellectual property, AI and data protection aspects of transaction.
The Competition Team led by Avaantika Kakkar, Partner (Head – Competition); and Dhruv Rajain, Partner; with assistance from Rajat Sharma, Principal Associate; and Vanya Agarwal, Senior Associate; advised the client on competition law compliance aspects.
