Bengaluru‑based Krutrim, the country’s inaugural generative AI unicorn, announced a pivot from building large‑scale AI models to offering cloud‑based AI services. The move follows a 2025 restructuring that cut more than 200 jobs, paused chip design, and redirected capital toward enterprise compute. Krutrim reported a three‑fold revenue jump to about ₹3 billion ($31.5 million) in FY 2026, its first profit year with margins above 10%. The startup now serves over 25 enterprise customers across telecom, finance and health sectors, while its internal AI assistant app was withdrawn from stores in April. Read more →