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. The pandemic has accelerated a push by companies to move functions to the cloud, a boon for analytics providers such as Fractal that make such processes more efficient. Fractal has its main offices in Mumbai and New York and 2,400 employees in 16 locations across the globe, including India, the U.S., U.K., Ukraine and Australia.

Source: Mint July 14, 2021 09:11 UTC