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flag Indian AI firm Fractal Analytics, with 65% U.S. revenue, plans IPO to raise $554M, aiming to become India’s first public AI company.

flag Indian AI firm Fractal Analytics plans to maintain high R&D spending ahead of its anticipated IPO, having invested 1.44 billion rupees ($16.60 million) in 2025, with 65% of its revenue coming from U.S. clients including major tech firms like Microsoft, Apple, and Amazon. flag The company aims to raise 49 billion rupees ($554 million) in its IPO, which, if approved, would make it India’s first publicly traded AI company, potentially boosting capital access for domestic AI startups amid rising global AI investments.

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