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India AI Startup Fractal Weighs IPO as Pandemic Fuels Growth

  • Provider of analytics has seen business expand during outbreak
  • Customers include global companies such as Google, Wells Fargo
Srikanth Velamakanni

Srikanth Velamakanni

Photographer: Mint/Hindustan Times/Getty Images

India’s Fractal Analytics Inc., a provider of artificial intelligence and analytics solutions to global companies, is exploring an initial public offering to fuel its growth as the pandemic helps to boost demand for its services.

Besides weighing an IPO, Fractal is assessing interest from investors valuing the company at significantly more than $1 billion, Srikanth Velamakanni, co-founder and chief executive officer, said in an interview via video on Tuesday. It has received $325 million in funding so far from investors including Apax Partners.