Bhavish Aggarwal In Talks To Raise $300 Mn For Krutrim: Report

Ola founder Bhavish Aggarwal is reportedly seeking to raise up to $300 Mn (around INR 2,561 Cr) in a mix of equity and debt for his artificial intelligence firm Krutrim.

A Mint report, citing people close to the matter, said that Aggarwal’s fresh fundraise size is lower than that of his earlier $500 Mn funding plan amid poor investor appetite.

Inc42 has reached out to Ola for comments on the development. The story will be updated based on the response.

The report further said while there has been no concrete investment offers for Krutrim in the next funding round, Aggarwal is confident of bringing multiple big-ticket investors to the cap table in the coming months.

It further said that possible investors to join the company’s new funding round include Goldman Sachs, JP Morgan and SBI Capital Markets.

(The story will be updated soon)

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