Ola Founder’s AI Venture, Krutrim, Rockets to Unicorn Status

Ola founder Bhavish Aggarwal's AI startup, Krutrim, hits unicorn status at $1 billion valuation, fastest in India.

By Sunil Sonkar
2 Min Read
Ola Founder's AI Venture, Krutrim, Rockets to Unicorn Status in Record Time

In a remarkable achievement, Krutrim, an AI startup founded by Bhavish Aggarwal, the founder of Ola, has reached unicorn status with a valuation of $1 billion. The startup, established just last year, proudly claims to be the fastest Indian company to achieve unicorn status and the first Indian AI startup to do so.

Advertisement

Matrix Partners India, a supporter of Aggarwal’s previous ventures (Ola and Ola Electric), led the impressive $50 million funding round for Krutrim. The startup, called “Krutrim,” which means “artificial” in Sanskrit, is creating a language system that can understand both Indian languages and English. Krutrim is gearing up to introduce a voice-enabled conversational AI assistant capable of understanding and speaking multiple Indian languages.

The ambitious startup plans to release a beta version of its chatbot next month for consumers, with subsequent plans to provide APIs to developers and enterprises. Notably, Krutrim aims to develop in-house capabilities for manufacturing AI-optimized chips, aligning with Aggarwal’s exploration into chip development, as reported earlier.

Investing in Krutrim is part of a worldwide trend, as investors are eager for AI breakthroughs that can revolutionize different industries. Even with a big startup scene, India has not made a big impact in AI yet. Krutrim’s success shows a rising belief in India’s ability to shine in the field of AI.

In a landscape dominated by giants like OpenAI’s ChatGPT, Amazon-backed Anthropic and Google’s Bard, Krutrim emerges as a promising contender. As AI competition heats up around the world, Krutrim becoming a unicorn quickly marks a new chapter for AI in India. The startup is set on making a big difference in AI computing.

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *