"The money that was raised from Z47 (formerly Matrix Partner India) is long gone," said a senior executive familiar with the company's finances. "At its peak, Krutrim was burning through at least $4-5 million every month. None of it is backed by new investors anymore. It's Bhavish's own money that has been going out."
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"The money that was raised from Z47 (formerly Matrix Partner India) is long gone," said a senior executive familiar with the company's finances. "At its peak, Krutrim was burning through at least $4-5 million every month. None of it is backed by new investors anymore. It's Bhavish's own money that has been going out."