Ola Krutrim Business Head Ravi Jain Resigns

SUMMARY

Krutrim is looking to develop India’s first homegrown family of chips for AI, general compute and edge, announced Ola’s founder Bhavish Aggarwal in August

The startup is planning to launch first chip in the family of chips by 2026 and Bodhi 2 by 2028

Krutrim became India’s first AI unicorn after raising a $50 Mn funding round in January.

Ola group’s artificial intelligence venture Krutrim has seen its first top-level exit at a time when it is planning to roll out new products and services, including AI chip and cloud services.

As per ET’s report, citing people close to the matter, Krutrim AI’s business head Ravi Jain has resigned.

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

This comes at a time when Ola chief Bhavish Aggarwal founded Krutrim has announced plans to develop India’s first homegrown family of chips for artificial intelligence, general compute and edge. The chips include Bodhi for AI, Sarv for general computing, and Ojas for Edge.

It is looking to launch the first chip by 2026 and Bodhi 2 in the coming four years (by 2028).

Krutrim has entered the unicorn club this year only, notably becoming the first homegrown AI startup to secure the status.

Aggarwal, during annual event in August, also mentioned that Krutrim will scale up its data centre capacity to 1 GW by 2028 from the current 20 MW.

The startup in May, two months after it launched its chatbot, released an Android app for its AI chatbot. 

Krutrim first unveiled its AI models in December last year and showcased its AI chatbot, which functions similarly to other open-source large language models (LLM) such as ChatGPT and Meta’s Llama 2.

The startup became India’s first AI unicorn after raising a $50 Mn funding round in January. The funding round was led by a clutch of investors including Matrix Partners India. The Bengaluru-based startup was launched in April last year. 

It competes with the likes of Bharat GPT by CoRover.ai, Pragna by Soket Labs, Tech Mahindra-backed Project Indus, and Lightspeed-backed Sarvam AI in India.

In April, Inc42 reported Ola Cab’s CEO Hemant Bakshi has quit the startup within months of joining. At the time, the ride hailing major also laid off around 10% of its workforce, or about 200 employees, in a restructuring exercise. 

Citing reason for layoffs, Aggarwal said Ola Cabs has made substantial investments in artificial intelligence (AI), which has led to significant cost advantages, reported TechCrunch. 

You have reached your limit of free stories
This Diwali, Get Up To 72% Off On Inc42 Plus

Become A Startup Insider With Inc42 Plus

Offer Fading Away This Week
countdownmail.com
2 YEAR PLAN
₹19999
₹6999
₹291/Month
UNLOCK 65% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹3999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Ola Krutrim Business Head Ravi Jain Resigns-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Ola Krutrim Business Head Ravi Jain Resigns-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Ola Krutrim Business Head Ravi Jain Resigns-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Ola Krutrim Business Head Ravi Jain Resigns-Inc42 Media
Ola Krutrim Business Head Ravi Jain Resigns-Inc42 Media
You’re in Good company