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Corner Office Conversation with Pawan Goenka, Chairman, IN-SPACe

Corner Office Conversation with Pawan Goenka, Chairman, IN-SPACe

Time of India21-07-2025
Corner Office Conversation is The Economic Times' flagship interview podcast featuring unfiltered, one-on-one conversations with some of India and the world's most powerful business leaders. Hosted by ET's top journalists and editors, this fortnightly show goes beyond headlines and press releases to explore how CEOs and founders think, decide, and lead in an era of disruption. From Marc Benioff (Salesforce), Dara Khosrowshahi (Uber), and Roland Busch (Siemens) to Adar Poonawalla (Serum Institute
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), Suresh Narayanan (Nestlé India), and Ravi Kumar S (Cognizant), these conversations uncover personal leadership playbooks, global strategy pivots, lessons from failures, and bold visions for the future — across industries like tech, healthcare, manufacturing, finance, and consumer goods. New episodes drop alternate Monday.
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Ola's AI venture Krutrim lays off over 100, axes Kruti's linguistics team
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Ola's AI venture Krutrim lays off over 100, axes Kruti's linguistics team

Bhavish Aggarwal's artificial intelligence (AI) startup Krutrim has initiated a second wave of layoffs, just weeks after launching its flagship assistant Kruti. According to a report by The Economic Times, more than 100 employees, primarily from the linguistics division, were let go last week, following a smaller round of job cuts in June. The downsizing comes even as Krutrim positions Kruti as India's answer to OpenAI's ChatGPT and Google's Gemini, with ambitions rooted in localisation, multilingual capabilities, and voice-first interactivity tailored to the Indian market. Kruti's language training nears completion In a statement, Krutrim said the layoffs are part of a 'strategic realignment' to build 'leaner, more agile teams", aligning with evolving business priorities. The company declined to confirm exact figures but cautioned against 'publishing unverified reports.' Citing multiple sources, The Economic Times reported that the cuts heavily impacted linguists hired for full-time roles across 10 Indian languages, including Tamil, Odia, Telugu, and Marathi. Many employees had relocated to Bengaluru just months ago. The linguistics team had reportedly grown to around 600 people before the reductions. The linguistic hires were deemed unnecessary as the AI assistant's training is almost complete. The report also cited delayed fundraising and lack of product traction as key reasons behind the restructuring. Krutrim had become a unicorn in 2024 after raising $50 million from Z47 Partners. Around the same time, it launched Krutrim AI Labs and announced a ₹2,000 crore investment into AI development, with founder Bhavish Aggarwal pledging to scale this up to ₹10,000 crore by next year. While Krutrim had initially aimed to raise $500 million, the target was reduced to $300 million due to tepid investor interest. The company's large language model and cloud services, launched in 2024, have reportedly struggled to gain momentum, with several startups opting instead for more mature platforms offered by global hyperscalers. Leadership changes have also added to challenges as nearly a dozen senior executives exited the company in 2024, with further departures taking place in early 2025. Kruti: India's first agentic AI assistant Despite the operational shakeup, Krutrim continues to claim Kruti as India's first agentic AI assistant —designed not just to respond to prompts, but to perform tasks such as booking cabs, paying bills, or ordering food. It currently supports 13 Indian languages. 'Our key differentiator will come with integrating local services,' said Sunit Singh, Senior Vice-President for Product at Krutrim, as earlier reported by Business Standard. 'That's not something that will be very easy for global players to do.' Krutrim aims to embed Kruti into everyday Indian digital life by offering voice-driven services that cater to regional and non-English-speaking populations. While Kruti is powered by Krutrim's proprietary Krutrim V2 model, the company employs a hybrid architecture that includes open-source systems and external models. Krutrim competes with global players like OpenAI, Google, and Anthropic, as well as Indian startups such as Sarvam AI and

Sagittarius Daily Horoscope Today, 28th July 2025: Show Up, But Read the Fine Print
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Sagittarius Daily Horoscope Today, 28th July 2025: Show Up, But Read the Fine Print

The Moon in the Leo sign can boost optimism. Mars is moving into the Virgo sign in the Tenth House. The house of career is now activated. It is calling for focused ambition and practical steps forward. ET Online Sagittarius Daily Horoscope: Career 28th July 2025: Your drive to succeed intensifies as Mars influences your professional sector. It is a great time to take initiative and restructure your workflow. You need to reassert your authority. Mercury retrograde may cause delays. You need to double-check all communications. Sagittarius Daily Horoscope: Finance 28th July 2025: Financial growth may come through recognition or leadership roles. You shouldn't jump into high-risk deals. Your clarity is foggy. You need to take a practical approach. You should avoid over-promising until details are confirmed. Sagittarius Daily Horoscope: Love and Relationship 28th July 2025: You may feel slightly distant emotionally because of your focus on your career. Express your appreciation clearly to avoid misunderstandings with your partner. Sagittarius Daily Horoscope: Health 28th July 2025: Stress from work pressure may creep in. You need to schedule brief breaks and prioritise hydration to maintain your energy levels. Written by: Anand Sagar Pathak of Live Events Also Read: Monthly Horoscope Sagittarius, August 2025 Weekly Horoscope Sagittarius, 28th July to 3rd Aug, 2025 Your drive to succeed intensifies as Mars influences your professional sector. It is a great time to take initiative and restructure your workflow. You need to reassert your authority. Mercury retrograde may cause delays. You need to double-check all growth may come through recognition or leadership roles. You shouldn't jump into high-risk deals. Your clarity is foggy. You need to take a practical approach. You should avoid over-promising until details are may feel slightly distant emotionally because of your focus on your career. Express your appreciation clearly to avoid misunderstandings with your from work pressure may creep in. You need to schedule brief breaks and prioritise hydration to maintain your energy by: Anand Sagar Pathak of . For feedback, write to hello@ Read: Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

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