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SaaS unicorn Fractal raises Rs.49-Cr from co-founder Srikanth Velamakanni
Source Fractal (opens in a new tab)Fractal Analytics (opens in a new tab)Inc42 (opens in a new tab)
Mumbai-headquartered, IPO-bound Fractal Analytics has raised INR 49 crore (about USD 5.6 million) from its co-founder and CEO Srikanth Velamakanni.Co-founded in 2000 by Velamakanni, Pranay Agrawal and Ashwath Bhat, Fractal leverages artificial intelligence (AI) and advanced analytics solutions to drive enterprises globally.
Between Jun-13 and Jan-22, Fractal had attracted about USD 685-M from Khazanah Nasional, TA Associates, Apax Partners, and TPG Capital.For FY24, Fractal had reported about INR 2,241.90 Cr in Operating Income and about INR 54.70 Cr in Net Loss.