Ola's AI start-up Krutrim turns unicorn with latest funding round
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Krutrim, an artificial inteligence start-up launched by Ola's founder Bhavish Aggarwal, has raised $50 million at a $1 billion valuation, making it India's first unicorn of 2024. Matrix Partners India, a key supporter of both Ola and Ola Electric in their early stages, spearheaded the funding round alongside other notable investors. This achievement follows Sarvam AI's $41 million seed and Series A funding, emphasizing the increasing interest in AI start-ups.