Ola group’s AI firm Krutrim has become the first artificial intelligence unicorn from India after it raised $50 million in a funding round led by Matrix Partners. What is an unicorn? Well, it is a privately-owned startup that is valued at over $1 billion.“Krutrim, India’s own AI company focused on building the complete AI computing …
The Supreme Court’s recent decision to uphold the ban on bike taxi services in Delhi is a significant setback for Uber, Ola, and Rapido. The move revokes the Delhi High Court’s previous order, which had allowed these ride-hailing aggregators to continue offering their services. The Delhi government challenged the HC order due to violations of …
Ola Electric, a prominent manufacturer of electric scooters and a SoftBank and Temasek-backed enterprise, is set to hold discussions with investors in Singapore and the United States regarding its upcoming $1 billion (roughly Rs. 8,250 crore) IPO, marking the first in a series of meetings. The company intends to raise between $600 million (nearly Rs. …