Ola Founder Bhavish Aggarwal Invests $230 Million in Krutrim to Boost India's AI Presence
Bhavish Aggarwal, the founder of Ola, is investing $230 million into Krutrim, the AI startup he founded, as India strives to carve out a significant place in the global AI landscape, which has largely been dominated by U.S. and Chinese companies.
Aggarwal is backing the investment primarily through his family office, according to a source familiar with the matter who spoke to TechCrunch. In a post on X on Tuesday, Aggarwal revealed that Krutrim aims to raise a total of $1.15 billion by next year, with the remainder of the funds expected to come from external investors.