Ola’s AI subsidiary Krutrim has officially denied recent media reports suggesting the company is planning to raise $300 million in funding.
In a statement issued on Monday, the company said, “The article inaccurately claims that Krutrim is in talks to raise external equity capital and misrepresents our financial plans and operations. We firmly reject these claims.”
Krutrim clarified that it is not currently seeking any external equity investment, as it is already well-funded by its promoter and select investors, and remains focused on advancing its AI initiatives with internal support.
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