Decoding Fractal’s IPO, India’s Defence Tech Boom & More

Decoding Fractal’s IPO, India’s Defence Tech Boom & More

Analysing Fractal’s INR 4,900 Cr DRHP  Fractal has set the ball rolling to become the first Indian AI-focussed startup to list on the bourses. Earlier this week, the SaaS unicorn filed its IPO papers with SEBI for an INR 4,900 Cr IPO. The enterprise tech startup’s public issue will comprise a fresh issue of shares worth INR 1,279.3 Cr and a secondary share sale component of INR 3,620.7 Cr.  So, what is the 25-year-old venture banking on to hit a…

Fractal Analytics IPO: India’s First AI Unicorn Opens Doors to Public Investors

India's first AI unicorn, Fractal Analytics, is going public, meaning the company is filing for an IPO (Initial Public Offering) in Mumbai. Soon, the company's shares will be open for anyone to purchase on the stock market. On August 12, Fractal Analytics announced it will raise around $560 million (₹4,900 crore) through the IPO. According to the India Skills Report by Wheebox, the AI industry in India is projected to grow to $28.8 billion by 20…