India’s first pure-play AI IPO comes at a 26% discount. But behind the 70x multiple lie sticky global clients, volatile margins, and a founder-led model where one misstep could change the story. Is scarcity enough? Source
Fractal IPO: February is going to start with a special IPO in the Indian stock market. Fractal Analytics, which works in the field of Artificial Intelligence and Data Analytics, is going to open its IPO from February 9. It is one of the few companies in India whose entire business model is based on AI…
Enterprise AI firm Fractal Analytics Ltd has trimmed the size of its public issue after its investors, including private equity majors Apax Partners and TPG Capital, decided to sell a smaller stake due to a lower-than-expected valuation amid uncertain market conditions, two people close to the development told. mint. The AI unicorn now plans to…
