India, April 21 -- Update | April 21, 05:00 PM

Bhavish Aggarwal's artificial intelligence venture Krutrim has denied a recent media report about the company's plans to raise $300 Mn (around INR 2,561 Cr) in an external equity funding.

The company clarified that it is not engaged in any discussion to secure external equity, saying that the article misrepresented its financial strategy and operations.

".Krutrim presently is not raising any external equity as the company is well funded by the promoter and select investors and it continues to invest towards executing its AI strategy," the company said in a statement.

"Krutrim remains focused on building cutting-edge full-stack AI technologies & infrastructure in India, and will continue t...