Fractal Bags INR 49 Cr From Cofounder Srikanth Velamakanni

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SUMMARY

Cofounder and CEO Srikanth Velamakanni made the investment for the conversion of his partly paid-up equity shares into fully paid-up equity shares

Fractal also approved the allotment of 1.32 Lakh equity shares to as many as 81 employees under its ESOP scheme last month

Fractal is preparing for its public listing and is looking to file its DRHP in August for a $500 Mn IPO

IPO-bound SaaS unicorn Fractal Analytics’ cofounder and CEO Srikanth Velamakanni has invested INR 48.7 Cr (about $5.6 Mn) in the company.

As per…



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Fractal Bags INR 49 Cr From Cofounder Srikanth Velamakanni


SUMMARY

Cofounder and CEO Srikanth Velamakanni made the investment for the conversion of his partly paid-up equity shares into fully paid-up equity shares

Fractal also approved the allotment of 1.32 Lakh equity shares to as many as 81 employees under its ESOP scheme last month

Fractal is preparing for its public listing and is looking to file its DRHP in August for a $500 Mn IPO

IPO-bound SaaS unicorn Fractal Analytics’ cofounder and CEO Srikanth Velamakanni has invested INR 48.7 Cr (about $5.6 Mn) in the company.

As per…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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