Aggarwal's first venture, Ola, leads the ride-hailing market in India, while his second, Ola Electric, leads the two-wheeler EV market and is planning a $662 million IPO. Krutrim plans to release a beta version of its chatbot next month and subsequently roll out APIs to developers and enterprises. Aggarwal emphasized Krutrim's commitment to building India's first complete AI computing stack.
Key takeaways:
- Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, has raised a funding round that values it at $1 billion, making it the fastest startup to become a unicorn in India.
- Matrix Partners India led the $50 million first round in Krutrim, marking it as the first Indian AI startup to become a unicorn.
- Krutrim is developing a large language model trained on local Indian languages and English, with plans to launch a conversational AI assistant that understands and speaks multiple Indian languages.
- Ola, Aggarwal's first venture, leads the ride-hailing market in India, while his second venture, Ola Electric, leads the two-wheeler EV market in India and is preparing for a $662 million initial public offering.