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More layoffs at Krutrim; PhonePe vs Paytm

Happy Tuesday! Olas AI startup Krutrim has conducted another round of layoffs, sources told us. This and more in todays ETtech Morning Dispatch.

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economictimes.indiatimes.comStai leggendo5 g fa

More layoffs at Krutrim; PhonePe vs Paytm

Krutrim laid off 50% of staff, pivoting from foundation models to enterprise cloud services; 90% revenue from parent Ola. The retreat signals tighter capital discipline in Indian AI: startups prioritize near-term enterprise monetization over long-term model building.

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yourstory.com4 g fa

AI firm Krutrim lays off nearly half of its workforce

This is the second round of layoffs by Krutrim this year. It earlier let go of the sales, go-to-market and business operations teams while the latest cuts have affected empliyees in the product and engineering teams.

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Timeline cronologica

martedì 28 luglio 2026·economictimes.indiatimes.com
Krutrim trims staff again, this time by another half - The Economic Times
The fresh job cuts come just months after ET reported on May 6 that the Bhavish Aggarwal-led startup had abandoned much of its original full-stack AI strategy amid funding…
martedì 28 luglio 2026·economictimes.indiatimes.com
More layoffs at Krutrim; PhonePe vs Paytm
Happy Tuesday! Olas AI startup Krutrim has conducted another round of layoffs, sources told us. This and more in todays ETtech Morning Dispatch.

More layoffs at Krutrim; PhonePe vs Paytm

AI firm Krutrim lays off nearly half of its workforce

Timeline cronologica

Krutrim trims staff again, this time by another half - The Economic Times

More layoffs at Krutrim; PhonePe vs Paytm

AI firm Krutrim lays off nearly half of its workforce