Bhavish Aggarwal's AI Startup, Krutrim, Hits Unicorn Status with $50M Funding - India's First AI Unicorn Emerges
Explore Krutrim, Bhavish Aggarwal's AI startup, turning into a unicorn with $50M funding from Matrix Partners India.
Updated: February 7, 2024
In a significant milestone for the Indian tech landscape, Krutrim has emerged as the country's first unicorn of 2024 and holds the distinction of being India's inaugural AI unicorn. Spearheaded by Matrix Partners India, a key investor in Bhavish Aggarwal's previous ventures - ride hailing giant Ola and EV startup Ola Electric. Krutrim secured an impressive $50 million in its "first round" of funding. The startup's ambitious vision involves constructing the complete AI computing stack, encompassing AI models and establishing indigenous data centers. Bearing the Sanskrit name meaning "artificial," Krutrim focuses on developing a vast language model trained on diverse Indian languages, in addition to English. Their forthcoming venture includes the introduction of a voice-enabled conversational AI assistant proficient in understanding and speaking multiple Indian languages.
As Bhavish Aggarwal's third entrepreneurial endeavor, Krutrim follows the success trajectories of Ola and Ola Electric. Ola stands as a leader in India's ride-hailing sector, with a strategic eye on achieving profitability, while Ola Electric has asserted dominance in the Indian two-wheeler EV market. Krutrim, driven by its extensive training on over 2 trillion tokens, prioritizes Indian data, empowering generative AI applications tailored for various languages spoken across the Indian subcontinent. The startup's dedication to linguistic diversity and its holistic approach to AI infrastructure underline its commitment to shaping the future of artificial intelligence in the Indian tech landscape.