DerpyTaco

India's 1st Unicorn in 2024

Krutrim has become a unicorn after securing $50m in funding, making it the first Indian AI startup with a valuation of $1bn. It seems like an extremely overvalued company being built yet again. Thoughts?

14mo ago

Talking product sense with Aditi

9 min AI interview5 questions

ZestyDonut

Stealth14mo

Are we going back to good golden days of insane salaries. I am really curious on how was the valuation decided. On what basis? Did this platform earned a single penny yet.

PrancingDonut

Arm13mo

I’ll let you know once I get an offer from krutrim

ZestyDonut

Stealth13mo

I will pray for your good wlb

SquishyQuokka

Gojek13mo

Got to give it to the man. Saw him at Araku a while back and he sure has the suave and intellect to sell a vision+build in a country where it is nearly impossible to innovate and compete at a global scale

DancingPenguin

Acuity Knowledge13mo

Did you talk to him? What about him led you to this conclusion?

DancingDonut

Accenture13mo

You sure man? He never seemed like the charmer to me

SquishyCupcake

Amazon13mo

Been working on using and fine-tuning LLMs for last 6 months... trust me you don't have a moat if USP of your LLM is better regionality ... a couple of teens with access to reasonable compute and vast amount of regional scrapped data is one huggingface SFT/DPO notebook away to make this product obsolete.

I'm personally really skeptikal about this unicorn.

PerkyBiscuit

Intercontinentalexchange13mo

Fully agree. A llm is as good as the datasets its trained on. What makes them so resourceful about regional data that we don't have access to?

SquishyCupcake

Amazon13mo

most likely customer service or driver interaction logs from ola's other products. collected along 5 to 6yrs ...that can give one a headstart but that's certainly isn't their moat.

QuirkyMarshmallow

Walmart13mo

If I raise 1lakh debt for 0.001% from my family, will I be worth 10,000 cr and interviewed by forbes

QuirkyNugget

Stealth13mo

Yes. Many people do that

FluffyNugget

Plivo14mo

https://olakrutrim.com/ for sure overhyped

DancingDonut

Accenture13mo

Why do you say that? Curious

FluffyNugget

Plivo13mo

Overpromise, under deliver. We’ll see how it plays out

DerpyUnicorn

Swiggy13mo

This is false news. I have founded the fastest unicorn of 2024. Just this morning I founded a startup called "Oonikorny" and my brother invested Rs 100 for 0.0000000001% stake thus making this the fastest 1 billion dollar company. Took me 2 hrs only. More investors welcome

TwirlyRaccoon

Stealth13mo

I did the same except it only took 1 min for the Investment .. now I’m the fastest 😜

CosmicDumpling

InMobi13mo

It will always make sense for an early investor to invest in top founders - likely to deliver a couple more rounds.

Not very bullish on Krutrim when I’ve stopped using ChatGPT. They will always be followers in terms of product and Open AI but could make it into a local large business? Let’s see.

DancingDonut

Accenture13mo

Really good perspective here

MagicalUnicorn

GenWise13mo

Sasta Elon! Also wtf is wrong with the VCs

SnoozyPotato

AT&T13mo

Ah shit, here we go again.

Another round of bullshit valuations with no worthwhile tech behind them.

SleepyDumpling

Micromentis13mo

VCs smoking cheap weed nowadays 🤡

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by SquishyTacoProduct Owner

2024 first unicorn

https://www.moneycontrol.com/news/technology/bhavish-aggarwals-ai-startup-krutrim-turns-unicorn-after-raising-50-million-12129991.html

Indian Startups14mo

by PrancingPenguinJio

Krutrim AI to raise 50M $ at 1B $ valuation

I mean how does this guy do it? He literally has half baked products that are just a copy of products innovated outside India. All the horseshit talk these founders do about innovation.