Latest news with #OlaGroup
Mint
11-06-2025
- Business
- Mint
Bhavish Agarwal's AI company Krutrim to launch AI assistant and chatbot ‘Kruti' on June 12 — all we know so far
Krutrim, the artificial intelligence arm of Bhavish Agarwal's Ola Group, is set to launch its own agentic AI assistant dubbed 'Kruti' on June 12, the tech startup said in a post on X. 'Ask Kruti what to eat, where to order, or how to cook it. Your own food agent will now be just a prompt away. Coming on 12th June!' Krutrim posted on social media platform X, with a video visualising the tool. Billed as 'India's first AI assistant', Krutrim said the system 'not only responds to user prompts, but also takes initiative, adapts to user needs, and acts proactively to fulfil tasks or objectives'. Unlike standard chatbots that wait for explicit instructions, agentic AI assistants can anticipate needs, make decisions, and execute actions autonomously within defined boundaries, a report by PTI noted. Krutrim has also teased the launch in an earlier post on X, writing: 'Excited to introduce Kruti, India's first agentic AI assistant. Reimagined from the core, Kruti listens, adapts, and acts proactively, purposefully, and in your language. This is a leap beyond chatbots. More updates on 12th June. Stay tuned!' In April, Krutrim said it has started hosting Meta's Llama 4 open source models on its cloud platform, claiming: 'Krutrim became one of the world's first AI companies to deploy Meta's Llama 4 models on domestic servers. Krutrim presently hosts Llama 4 Scout and Llama 4 Maverick at prices ranging ₹ 7 to ₹ 17 per million tokens.' A token in AI generally refers to a component of a larger data set like words, characters, or phrases that are used by platforms for processing queries. Krutrim currently hosts China-based DeepSeek AI models that range from 8 billion to 700 billion parameters, at prices ranging from ₹ 10 to ₹ 60 per million tokens.
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Business Standard
06-05-2025
- Automotive
- Business Standard
Ola to consolidate brand IPs to streamline governance, rejig structure
Ola Group is reorganising its corporate structure by establishing a holding company to consolidate its brand intellectual property (IP) assets, aiming to streamline internal ownership arrangements. The move is aimed at eliminating intra-group cross-holdings and simplifying internal ownership structures, according to people familiar with the matter. The move follows Ola Electric's public listing last year and will be carried out through a newly formed entity under the control of the founder's family office. Ola's operations currently span mobility, electric vehicles, energy, and artificial intelligence, positioning it as India's only well-diversified technology conglomerate with businesses cutting across key sectors of the new economy. ANI Technologies, which operates the group's ride-hailing business, holds the brand IP and has licensed it to electric vehicle manufacturer Ola Electric. The move has triggered concerns among some investors who worry that they could be cut out of future royalty earnings from use of the brand if it is transferred out of ANI Technologies. Ola Electric Mobility Ltd in a Monday evening stock exchange filing stated that "pursuant to the Business Transfer Agreement dated January 18, 2019, entered into between the company and ANI Technologies Pvt Ltd, the company holds a perpetual, royalty-free, non-exclusive, non-transferable, non-assignable, and revocable license to use certain licensed intellectual property, including the logo and/or word-mark of 'Ola'." This license, it said, is granted exclusively in relation to the company's electric vehicle business and is valid globally. Some of the prominent investors in the company too did not see any material impact of such a move. "Founders start companies before investors invest so the brand is logically with the founders," one of the prominent investors in the company said on condition of anonymity. Stating that market precedents in India and globally have to be looked at before forming a view, he said, "In India, most industrialists own the brand in their own names and even globally big brands are owned and licensed through a corporate structure." "Look at some of the Western big techs, or for that matter, some of the well-known Indian brands. I don't see any material impact of such a move (as being done by Ola Group). Anyway, the company has said no royalty is being paid so I am not sure what the issue is," he added. Ola Group is looking to realign the group structure to unlock greater value and operational agility. The brand IPs are currently housed within ANI Technologies, the original Ola company established over 15 years ago. ANI held a stake in the then-nascent Ola Electric in exchange for using the brand for electric vehicle manufacturing and sales. The result was a layered intra-group ownership structure. With the new holding structure, the company seeks to establish a single point of authority for IP governance, sources said, adding that the objective is to create a cleaner, more transparent framework that reduces internal dependencies and potential conflicts of interest. Moving the brand IP into an apex entity is also expected to prevent its dilution and mismanagment over time as the group diversifies into new categories. The structure mirrors similar approaches taken by large Indian family offices such as Adani and JSW, where brand ownership and IPs are retained at the top level and controlled by family trusts to ensure alignment across operating companies. According to the people cited above, such models are increasingly common among conglomerates managing diversified business interests with strong brand recognition. The move is part of a broader strategy to future-proof governance and asset control as the group continues to scale its presence across multiple sectors.
The Hindu
23-04-2025
- Automotive
- The Hindu
Ola Group surges in deep-tech, owns majority of patents granted to 117 unicorns
Ola Group, spanning ride-hailing, electric vehicles, and AI, now holds over 50% of all patents filed by India's 117 unicorns. India's unicorns collectively hold only 229 patents, with Ola Group owning more than half, according to data from the Indian Patent Advanced Search (IPAS) System. In a recent post on X (formerly Twitter), Ola Founder Bhavish Aggarwal shared, "Happy that Ola group @OlaElectric @Olacabs and @Krutrim have half of all granted patents for all Indian unicorns put together. Not happy with our number of 650 applied patents though. We will accelerate much much more in coming years!" Sources close to Ola confirmed that the group has filed over 650 patent applications, with 180 already granted. This includes filings by Ola Electric, Ola Consumer, and Krutrim, with Ola Electric accounting for the lion's share of about 70-80% of the total. The report reveals that 101 of India's unicorns have filed zero patents, spotlighting a heavy tilt in the startup ecosystem toward valuation and market capture rather than technology creation. In this context, Ola Group's IP portfolio stands out as an example of deep-tech commitment. Ola Electric, the EV arm, filed 205 patents in FY23 alone, making it India's top patent filer in the electric vehicle sector. These patents span battery innovation, vehicle software, AI, safety systems, and more. In FY23 alone, Ola Electric invested ₹507 crore in R&D, representing 19.3% of its annual revenue, a sharp rise from ₹175 crore the previous year. The company is set to further ramp up innovation spending, earmarking ₹1,600 crore for R&D between FY25 and FY27. As stated in its IPO prospectus, "R&D and technology form the backbone of our business model." The group's filings also extend globally, with patents granted and pending in the U.S., U.K., Japan, China, and Australia, positioning Ola as a global tech-driven company.
Economic Times
23-04-2025
- Automotive
- Economic Times
Ola Group holds more than half of patents granted to 117 unicorns
Ola Group, spanning ride-hailing, electric vehicles, and AI, now holds over 50 percent of all patents filed by India's 117 unicorns. India's unicorns collectively hold only 229 patents, with Ola Group owning more than half, according to data from the Indian Patent Advanced Search (IPAS) System. ADVERTISEMENT In a recent post on X (formerly Twitter), Ola Founder Bhavish Aggarwal shared, "Happy that Ola group @OlaElectric @Olacabs and @Krutrim have half of all granted patents for all Indian unicorns put together. Not happy with our number of 650 applied patents though. We will accelerate much much more in coming years!" Sources close to Ola confirmed that the group has filed over 650 patent applications, with 180 already granted. This includes filings by Ola Electric, Ola Consumer, and Krutrim, with Ola Electric accounting for the lion's share of about 70–80 percent of the total. The report reveals that 101 of India's unicorns have filed zero patents, spotlighting a heavy tilt in the startup ecosystem toward valuation and market capture rather than technology creation. In this context, Ola Group's IP portfolio stands out as an example of deep-tech commitment. Ola Electric, the EV arm, filed 205 patents in FY23 alone, making it India's top patent filer in the electric vehicle sector. These patents span battery innovation, vehicle software, AI, safety systems, and more. In FY23 alone, Ola Electric invested Rs 507 crore in R&D, representing 19.3 per cent of its annual revenue, a sharp rise from Rs 175 crore the previous year. The company is set to further ramp up innovation spending, earmarking Rs 1,600 crore for R&D between FY25 and FY27. ADVERTISEMENT As stated in its IPO prospectus, "R&D and technology form the backbone of our business model." The group's filings also extend globally, with patents granted and pending in the US, UK, Japan, China, and Australia, positioning Ola as a global tech-driven company.
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Business Standard
23-04-2025
- Automotive
- Business Standard
Ola Group leads innovation race, holds over half of unicorns' patents
Ola Group, spanning ride-hailing, electric vehicles, and AI, now holds over 50 per cent of all patents filed by India's 117 unicorns. India's unicorns collectively hold only 229 patents, with Ola Group owning more than half, according to data from the Indian Patent Advanced Search (IPAS) System. In a recent post on X (formerly Twitter), Ola Founder Bhavish Aggarwal shared, "Happy that Ola group @OlaElectric @Olacabs and @Krutrim have half of all granted patents for all Indian unicorns put together. Not happy with our number of 650 applied patents though. We will accelerate much much more in coming years!" Sources close to Ola confirmed that the group has filed over 650 patent applications, with 180 already granted. This includes filings by Ola Electric, Ola Consumer, and Krutrim, with Ola Electric accounting for the lion's share of about 70-80 per cent of the total. The report reveals that 101 of India's unicorns have filed zero patents, spotlighting a heavy tilt in the startup ecosystem toward valuation and market capture rather than technology creation. In this context, Ola Group's IP portfolio stands out as an example of deep-tech commitment. Ola Electric, the EV arm, filed 205 patents in FY23 alone, making it India's top patent filer in the electric vehicle sector. These patents span battery innovation, vehicle software, AI, safety systems, and more. In FY23 alone, Ola Electric invested Rs 507 crore in R&D, representing 19.3 per cent of its annual revenue, a sharp rise from Rs 175 crore the previous year. The company is set to further ramp up innovation spending, earmarking Rs 1,600 crore for R&D between FY25 and FY27. The group's filings also extend globally, with patents granted and pending in the US, UK, Japan, China, and Australia, positioning Ola as a global tech-driven company.
