Ola founder’s AI startup becomes unicorn in $50M funding

Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, said it has raised a funding round that values it at $1 billion. The startup, founded last year, is the fastest to become a unicorn in India, it claimed in a press statement.

Matrix Partners India, which has also backed Aggarwal’s other two startups — ride-hailing firm Ola and EV startup Ola Electric, led the $50 million “first round” in Krutrim, it said Friday.

Krutrim is building a large language model that has been trained on local Indian languages in addition to English.

More to follow.