Ola’s AI arm Krutrim cuts fundraising target by $200 mn amid low interest

Bhavish Aggarwal’s ambitious AI venture Krutrim is now eyeing a reduced fundraising target of up to $300 million—down from the earlier plan to secure $500 million—amid muted investor interest, according to a report by Mint.

No formal investment offers have been confirmed yet, but Krutrim is reportedly in talks with several global venture capital firms and is confident about onboarding major backers in the coming months. The funding round is managed by Goldman Sachs, JP Morgan, and SBI Capital Markets, and is expected to include both equity and debt components.