SaaS Unicorn Fractal Eyes $500 Mn IPO, To File DRHP By November

SaaS Unicorn Fractal Eyes $500 Mn IPO, To File DRHP By November

SUMMARY

Fractal is looking to raise $500 Mn through its IPO at a valuation of at least $3.5 Bn

Fractal’s IPO will likely be a combination of fresh issue of equity shares and offer for sale, with the startup eyeing a public listing in the first quarter of 2025

Fractal offers AI and advanced analytics solutions to scores of Fortune 100 companies

Amid the ongoing initial public offering (IPO) boom in the country, artificial intelligence-powered SaaS unicorn Fractal is considering filing its draft red herring prospectus (DRHP) with SEBI as soon as November.

India’s first AI unicorn may seek to raise $500 Mn through its IPO at a valuation of at least $3.5 Bn, as it readies a cash chest in a highly competitive market, Bloomberg reported, citing sources.

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