Ola Founder’s Krutrim Becomes First $1 Billion Indian AI Startup

Krutrim, the AI startup founded by serial entrepreneur Bhavish Aggarwal, has gained unicorn status after securing $50 million in funding from investors including Matrix Partners India.

It becomes the first Indian AI startup to gain a billion-dollar valuation, a mere month after debuting a large language model, the firm said in a blog post. Krutrim, which translates to “artificial” in Sanskrit, is also developing data centers and will ultimately aim to create servers and super computers for the AI ecosystem.

A clutch of Indian startups and academic groups are racing to build large language models in Indian languages, ...