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Under the agreement, BlackSoil will absorb the entire solar financing vertical, including its leadership team, technology stack, brand assets and operational framework.
The pivot to AI cloud services marks a departure from Krutrim’s earlier plans to build its own large language models and semiconductor chips.
Shashvat Nakrani, the last remaining co-founder, is exiting the company - following earlier departures of Ashneer Grover and Bhavik Koladiya.
The company will use the fresh capital to boost financing for solar energy solutions across rural India.
The partnership will also explore AI-driven commerce in India.
Over the past years, Abu Dhabi has been increasingly making efforts to establish itself as a fintech and tech hub as it seeks to diversify itself from an oil only focused economy.
This device is equipped with a solar panel on top, allowing it to auto-charge under sunlight.
As part of the September 30 settlement, BharatPe has withdrawn both civil and criminal complaint against Grover and his family.
In his new role, Shakdher will work closely with Paytm CEO Vijay Shekhar Sharma.
And for those curious minds, The Head and Tale has learnt that the settlement wasn’t unanimous.
![[Exclusive] The End: Ashneer Grover reaches a settlement with BharatPe; sources](/upload/theheadandtale.com/2024/09/1727661307_ashneer.jpg)
As part of the settlement, Grover is also returning shares to co-founder Bhavik Koladiya, resolving the share ownership dispute.
