Sebi approves IPO of Fractal Analytics, India’s first AI company going public

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The high tide of deep tech has brought the first public offer of an AI firm to Indian shores. The Securities and Exchange Board of India (Sebi) greenlit the Rs 4,900-crore initial public offering (IPO) of AI firm Fractal Analytics on Monday, marking a major step in India’s public markets and the nascent AI ecosystem.

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Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal Analytics provides enterprise AI solutions to Fortune 500 companies. Headquartered in Mumbai and New York City, the company serves clients such as Microsoft,…



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Sebi approves IPO of Fractal Analytics, India’s first AI company going public



The high tide of deep tech has brought the first public offer of an AI firm to Indian shores. The Securities and Exchange Board of India (Sebi) greenlit the Rs 4,900-crore initial public offering (IPO) of AI firm Fractal Analytics on Monday, marking a major step in India’s public markets and the nascent AI ecosystem.

The company

Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal Analytics provides enterprise AI solutions to Fortune 500 companies. Headquartered in Mumbai and New York City, the company serves clients such as Microsoft,…



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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