India’s First AI Unicorn Fractal Files for $560 Million IPO

Fractal Analytics, an Indian artificial intelligence and analytics services provider, has filed for an initial public offering (IPO) in Mumbai. The IPO could raise around $560 million and value the company at over $3.5 billion, making it India's first AI unicorn to go public. Fractal Analytics was founded in 2000 and has since grown to become a leading provider of AI and analytics solutions for various industries, including financial services, retail, and healthcare. The company's IPO filing comes amid a surge in investor interest in the Indian tech sector, with several high-profile startups going public in recent years. The funds raised from the IPO will be used to expand Fractal's operations, invest in research and development, and potentially pursue acquisitions. The company's successful public listing would be a significant milestone for the Indian AI industry and could pave the way for more tech companies to follow suit.