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Krutrim SI Designs Gallops into Unicorn Territory: Bhavish Aggarwal's AI Vision Takes Flight!

Updated: Jan 27

Bhavish Aggarwal's AI startup, Krutrim SI Designs, has achieved a significant milestone by becoming a unicorn, as announced today. The company successfully secured a $50 million investment from various investors, including Matrix Partners India. This funding round not only marks Krutrim's unicorn status but also positions it as the fastest company to attain this valuation. This news was initially reported by Entrackr in August of the previous year.

Krutrim SI Designs holds the distinction of being India's first AI unicorn of 2024, adding to the country's growing list of successful startups. With this achievement, Krutrim joins the ranks of Zepto and InCred, the two unicorns born in the preceding year. The infusion of funds will fuel Krutrim's ambition to drive innovation and expand its global footprint, aiming to revolutionize the AI landscape on a global scale.

Bhavish Aggarwal, the visionary behind Krutrim, expressed his excitement about the successful closure of the funding round. He emphasized that this not only validates the potential of Krutrim's AI solutions but also reflects investors' confidence in the company's ability to effect meaningful change globally from its base in India. Krutrim SI Designs had previously raised $24 million in debt financing from Matrix Partners in October 2023, as exclusively reported by Entrackr at the time.

Established in April of the same year, Krutrim SI Designs was co-founded by Bhavish Aggarwal and Tenneti Venugopala Krishnamurthy. Krishnamurthy brings valuable experience as a long-time board member of ANI Technologies, the parent company of Ola. Krutrim offers two versions of its AI model: Krutrim and Krutrim Pro. The base Krutrim model is proficient in understanding 22 Indian languages and can generate responses in 10 languages, while Krutrim Pro is tailored for enterprise use with multi-modal capabilities.

Bhavish Aggarwal's track record of success extends beyond Krutrim SI Designs. With two previous ventures, Ola and Ola Electric, he has already demonstrated his prowess in building disruptive and successful companies. Notably, Aggarwal now joins the elite club of entrepreneurs with three unicorns to their name, alongside Supam Maheshwari, who counts FirstCry, GlobalBees, and XpressBees among his achievements.


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