India's First AI IPO: Fractal Analytics Takes a Leap
Fractal Analytics, a leading AI and analytics firm, is set to make history as India's first publicly listed AI company after submitting its IPO papers. Based in Mumbai and New York, the company aims to raise ₹4,900 crore through fresh shares and an offer for sale from prominent investors. Founded by IIM Ahmedabad graduates in 2000, Fractal provides AI solutions to enhance business efficiency and sustainability. With notable clients like Citigroup and Nestle, it turned into a unicorn in 2022 and has shown impressive financial growth, making it a profitable venture in the tech space.