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unicorn startups: Unicorn sightings become rare as VCs shun that leap of faith

Investors are going back to the same list of startups they have already backed to write bigger cheques leading to new unicorn sightings becoming rare. Only Perfios and Ola founder Bhavish Aggarwals Krutrim AI have become unicorns so far in 2024, and the number was the same for the whole of 2023.

Bhavish Aggarwal s Krutrim AI launches mobile app, opens up cloud infra for businesses, ET Telecom

Krutrim AI: The cloud platform will provide them access to AI computing infrastructure, its foundational models and the open-source models being hosted on its cloud. Krutrim, which aims to develop full-stack AI capabilities, will also provide foundational location services APIs and SDKs to build innovative localised mapping-based solutions.

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