Fractal Analytics, India's first AI unicorn, plans a $500M IPO by Nov, targeting a $3.5B valuation.

Fractal Analytics, India's first AI unicorn, is reportedly planning a $500 million IPO in Mumbai by November, aiming for a valuation of at least $3.5 billion. The offering may include new and existing shares, with a potential listing in early 2025. Founded in 2000 by five alumni from the Indian Institute of Management Ahmedabad, Fractal serves clients like Google and Unilever and reported $265 million in revenue for the year ending in March.

September 24, 2024
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