Layoffs · AI & Deep Tech
Krutrim cuts staff as it pivots to enterprise services
By Startup Enthusiast ·
- Date
- Company
- Krutrim
- What it does
- AI cloud infrastructure provider
- Kind
- Layoffs
- Founded
- 2023
- Sector
- AI & Deep Tech
What they do
Krutrim is an AI company providing cloud infrastructure and enterprise services
What happened
It laid off 20-25 employees in its second round of cuts this year
Why it matters
The move follows a pivot from consumer products to B2B cloud solutions
The details
- Krutrim cut 20-25 employees in its second round of layoffs this year.
- Nearly half of the remaining workforce was affected by these recent cuts.
- Product and engineering teams were primarily impacted by the latest reductions.
- Sales and business operations teams had been reduced in earlier rounds.
- The company described the changes as part of an organisational restructuring.
- Some teams were reduced to single employees after the restructuring.
- Employees reported unpaid reimbursements for over five months during this period.
- Salary and leave encashment payments were delayed and cleared in installments.
The bigger picture
- Krutrim shifted focus from a full-stack ecosystem to AI cloud infrastructure.
- Consumer-facing assistant Kruti was discontinued in favor of enterprise services.
- Revenue crossed ₹300 Cr with first annual net profit reported.
- Historical headcount dropped from over 550 to around 150 employees.
- Senior exits across research and engineering teams have occurred recently.
About the business
- Krutrim provides AI cloud infrastructure and enterprise services to businesses.
- It works with more than 25 enterprise customers across various sectors.
- Customers include companies in mobility, fintech, and ecommerce industries.
- Ola Group companies accounted for nearly 90% of FY25 operating revenue.
- The company automates internal operations using AI across its workflows.
- Krutrim Cloud and Krutrim Maps remain active products for enterprise use.
- Revenue grew nearly three times compared to the previous fiscal year.
- Profit after tax margin exceeded 10% in the first profitable year.
- The company operates as a subsidiary of the Ola Group.
What happens next
- Krutrim continues to automate internal operations using AI technologies.
- The company focuses on scaling its domestic AI cloud services.
- No further specifics on team structure reviews were shared publicly.
Founders
- Bhavish Aggarwal, Founder
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