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- Krutrim
Krutrim Valuation, Funding & Investors
Krutrim is valued at $1B as of January 2024.
Last Krutrim valuation
$1B
Series A · Jan 2024
Last Krutrim funding round
$230M
Undisclosed stage · Feb 2025
Cumulative funding Krutrim raised
$280M
across 2 funding rounds
Key investors in Krutrim
Bhavish Aggarwal
Z47
About Krutrim
Krutrim is an artificial intelligence company developing silicon chips and cloud infrastructure. Based in India, it constructs the country's first comprehensive AI computing stack to enable advanced machine learning workloads.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Valuation
$1B (Jan 2024)
Krutrim Valuation
Krutrim is currently valued at $1B, based on its Series A in January 2024.
The $50M round was led by Z47, with participation from Bhavish Aggarwal.
Krutrim valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2024 | Series A | $1B |
Krutrim Funding History
Krutrim has raised a total of $280M across 2 funding rounds.
Krutrim's first fundraising round was a $50M Series A in January 2024. The most recent completed round was a $230M undisclosed-stage round in February 2025.
Krutrim funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2025 | Undisclosed stage | Bhavish Aggarwal (lead) | $230M | - | Krutrim is an AI startup founded by Ola's Bhavish Aggarwal, focused on developing large language models (LLMs) optimized for Indian languages, including models like Krutrim-2 (12-billion-parameter) which showed strong performance in sentiment analysis and code generation for Indian languages. The company has open-sourced several specialized models for image processing, speech translation, and text search, and announced plans to build India's largest supercomputer with Nvidia. In February 2025, Aggarwal invested $230 million largely through his family office, with ambitions to raise a total of $1.15 billion by the following year from external investors. No external capital was raised after the $50 million round from Z47 (formerly Matrix Partners India) in January 2024, leading Aggarwal to fund operations personally by pledging Ola Electric shares to secure debt, including INR 250 crore in December 2024 and additional pledges later. Lenders like Avendus Group, InCred, and Modulus provided funds against Krutrim bonds backed by these shares, with Aggarwal topping up collateral amid Ola Electric share price declines. Krutrim dismissed reports of a $300 million equity-debt raise in March 2026 and has shifted to a leaner team focused on efficient capital deployment. The startup faced challenges with high cash burn ($4-5 million monthly at peak) and abandoned some ambitions like semiconductor chips and Indian cloud, after acquiring Bodhi. Recent developments include launching multilingual vision language model Chitrarth-1 supporting 10 Indian languages plus English, and testing in-house AI chip Bodhi for inferencing with training upgrades planned by 2028. Krutrim was previously a unicorn with $1 billion valuation but now relies heavily on promoter funding amid no new investor commitments. |
| Jan 2024 | Series A | Z47 (lead); Bhavish Aggarwal | $50M | $1B | Krutrim, founded by Ola CEO Bhavish Aggarwal, is an Indian AI startup developing a complete AI computing stack, including foundational large language models (LLMs) like Krutrim Base trained on over two trillion tokens with support for 22 Indian languages and content generation in 10. The company provides AI cloud services, GPU infrastructure, customizable AI models, data centers, servers, and supercomputers, aiming to build indigenous AI capabilities for India. On January 26, 2024, Krutrim raised $50 million in its first equity funding round (described variably as Series A, Series B, or initial round), led by Z47 (Matrix Partners India), achieving a $1 billion post-money valuation and becoming India's first AI unicorn and the fastest Indian startup to reach unicorn status. The funding validates Krutrim's innovative solutions and investor confidence in its mission to drive AI innovation from India, with plans to expand AI cloud services, scale GPU infrastructure, enhance model deployment, support global expansion, and launch a consumer beta chatbot in February 2024 followed by enterprise APIs. Bhavish Aggarwal emphasized building India's own AI stack to contribute to 'Viksit Bharat'. Key investors include Matrix Partners India, with prior debt financing from Z47 in October 2023 ($24 million) and earlier seed efforts. Krutrim, launched in 2023 and headquartered in Bengaluru, positions itself against global AI competition by focusing on Indian languages and data sovereignty. The company has grown to around 549 employees and continued fundraising, including a $240 million undisclosed round in February 2025 led by Bhavish Aggarwal. |
Who has invested in Krutrim?
2 investors have backed Krutrim across its funding rounds, including Bhavish Aggarwal and Z47.
Lead investors include Bhavish Aggarwal and Z47.
Krutrim Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Krutrim
Krutrim has acquired 1 company to date.
Last acquisition by Krutrim was on June 20th 2025. Krutrim acquired BharatSahAIyak for undisclosed valuation.
Latest Acquisitions by Krutrim
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 20 Jun 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Krutrim acquisitions and their M&A valuation multiples. Start Free Trial | |
Krutrim Competitors
Krutrim competitors include listed companies like Corvex and C3.ai, and private ones like Inspur Cloud, Redpanda Data, Velaura AI and Auradine.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $433K | ($15M) | $319M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x | ||
| Private | - | - | $500M | - |
Krutrim Public Comps
Krutrim is still privately-owned, but its public comps include Rackspace, cyber_Folks, Systena, SAKURA Internet, Net263, Montnets, Wiit, Backblaze, Odine and Beijing Topnew Info.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $226M | $72M | 5.1x | 4.3x | 16.1x | 13.0x | |||
| $607M | $107M | 1.4x | 1.4x | 7.9x | - | |||
| $227M | $54M | 4.8x | 4.1x | 19.9x | 14.1x | |||
| $119M | ($29M) | 7.4x | - | (30.1x) | - | |||
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
| $193M | $51M | 6.0x | 6.0x | 22.7x | 14.3x | |||
| $146M | $4M | 6.1x | 5.4x | 225.6x | 20.4x | |||
This data is available for Pro users. Sign up to see all Krutrim competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Krutrim
| When was Krutrim founded? | Krutrim was founded in 2023. |
| Where is Krutrim headquartered? | Krutrim is headquartered in Bangalore, India. |
| Is Krutrim publicly listed? | No, Krutrim is a private, VC-backed company. |
| What is Krutrim's valuation? | Krutrim was last valued at $1B in its Series A in January 2024. |
| How much funding has Krutrim raised? | Krutrim has raised $280M across 2 funding rounds. |
| What was Krutrim's last funding round? | Krutrim's last funding round was a $230M undisclosed-stage round in February 2025, led by Bhavish Aggarwal. |
| Who are Krutrim's investors? | Krutrim's investors include Bhavish Aggarwal and Z47. |
| Which companies are comparable to Krutrim? | Companies comparable to Krutrim include Inspur Cloud, Corvex, Redpanda Data, Velaura AI, C3.ai and Auradine. |
| How many companies has Krutrim acquired? | Krutrim has acquired 1 company, including BharatSahAIyak. |
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