Ola Krutrim becomes India's fastest unicorn and first AI Unicorn

Krutrim, a homegrown AI company by Ola’s Bhavish Aggarwal, announced on Friday that it has successfully closed its first funding round with a remarkable $50 million investment. Led by key investors, including Matrix Partners India, the round has valued Krutrim at $1 billion, making it the fastest unicorn in India and the country's first AI unicorn.

On the announcement, Aggarwal said, "At Krutrim, we are committed to building India's first complete AI computing stack. We are thrilled to announce the successful closure of our first funding round, which not only validates the potential of Krutrim’s innovative AI solutions but also underscores the confidence investors have in our ability to drive meaningful change out of India for the world."

Matrix Partners India Founder and MD, Avnish Bajaj, praised Aggarwal's tech innovation track record and expressed privilege in deepening their partnership with Krutrim.

Krutrim recently unveiled its base Large Language Model (LLM), using the largest Indian data representation for training. This model supports generative AI applications for all Indian languages and will serve as the foundation for Krutrim's conversational AI assistant, capable of understanding and speaking multiple Indian languages fluently.

The Krutrim family includes the base model and Krutrim Pro, offering multimodal capabilities, larger knowledge capacity, and technical advancements for inference. Trained on over 2 trillion tokens, Krutrim demonstrates superior performance on global LLM evaluation benchmarks, according to the company.