New Delhi, Nov. 15 -- Two Indian-origin entrepreneurs, Adarsh Hiremath and Surya Midha, had their fortunes double with their artificial intelligence (AI) startup Mercor. The company raised $750 million in a fresh funding round, taking its valuation to $20 billion or almost Rs.1.88 lakh crore, as per multiple reports.

The company's three co-founders- Hiremath, chief technology officer; Midha, board chairman; and Brendan Foody, chief executive officer - are 23-year-olds. They are estimated to be worth $4.2 billion each or Rs.40,000 crore, based on their individual 21% stakes in the company, reported Money Control.

Mercor's latest funding round, announced on Tuesday, was backed by investors including Benchmark, General Catalyst, Nvidia and...