Krutrim
Bengaluru-based AI cloud and GPU compute provider selling infrastructure and AI services to Indian enterprises and developers, after scaling back its LLM and chip work.
Krutrim (Krutrim SI Designs Pvt Ltd), founded by Ola's Bhavish Aggarwal, was incorporated in April 2023. It runs AI cloud infrastructure and GPU compute and has also built foundational models and consumer AI products. In 2024 it raised $50M at a $1B valuation led by Z47 (formerly Matrix) with the Sarin Family, and in Feb 2025 Aggarwal pledged about $230M of his own equity and debt funding. In 2026 it halted its AI chip and model work to focus on cloud, saying it serves 25+ enterprise customers in telecom, finance, healthcare, logistics and other sectors. Third-party data puts FY25 revenue at roughly ₹100 Cr. Headcount fell from about 550 in Aug 2025 to roughly 150–160 by Mar 2026.
