Top deals of Jan 26- Feb 1: Bhavish Aggarwal's Krutrim turns unicorn

Krutrim Si Designs, an artificial intelligence (AI) company founded in April 2023, raised $50 million from Matrix Partners India, according to PrivateCircle Research. With the latest fundraise, Krutrim has turned unicorn, with a $1 billion valuation. Media reports say it is the fastest startup to achieve the unicorn tag.

Krutrim will use the funds to drive innovation and expand its global reach.

Gurugram-based mobility startup BluSmart raised $25 million from responsAbility Investments. Founded in 2019, BluSmart operates in the ride-hailing space with an all-electric offering including ride-sharing, car-sharing, and scooter-sharing. It owns and operates over 4,000 EV chargers across 34 charging hubs, according to the company.

Radar Ventures Pvt Ltd, which operates digital cross-border supply chain startup WIZ Freight, raised $15 million in Series B funding from SBI Holdings , Tiger Global, Nippon Express, Axilor, Arali Investments, and Unikon Shipping Ventures. Established in 2020, WIZ helps exporters and importers in emerging markets book and manage their cross-border shipments on its technology platform.

Office commute platform Moveinsync Technology Solutons, established in 2009, secured $15 million in Series C funding from Bessemer Venture Partners. The startup offers a software-as-a-service (SaaS) solution designed to automate employee transportation processes.

Vikran Engineering & Exim Pvt Ltd, an engineering, procurement, and construction (EPC) company, raised $10 million in a pre-IPO placement round from India Inflection Opportunity Fund, Ashish Kacholia, and other investors. The firm provides services for power-related projects, including infrastructure, transmission, substations, and distribution.