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Fractal Analytics Plans ₹49 Billion IPO While Investing Heavily in AI R&D

Indian enterprise AI firm Fractal Analytics plans to raise about ₹49 billion ($554 million) in its upcoming IPO while maintaining high research‑and‑development spending. The company spent ₹1.44 billion in 2025 alone on R&D, around 6% of its revenues over three years. More than 65% of Fractal’s revenue comes from U.S. clients including major tech companies. Its listing would make it one of the first AI‑led businesses in India to go public and could open capital markets wider for domestic AI firms.
Companies:
- Fractal Analytics
Tags:
- Fractal Analytics
- IPO
positive
Fractal Analytics Plans ₹49 Billion IPO While Investing Heavily in AI R&D

Indian enterprise AI firm Fractal Analytics plans to raise about ₹49 billion ($554 million) in its upcoming IPO while maintaining high research‑and‑development spending. The company spent ₹1.44 billion in 2025 alone on R&D, around 6% of its revenues over three years. More than 65% of Fractal’s revenue comes from U.S. clients including major tech companies. Its listing would make it one of the first AI‑led businesses in India to go public and could open capital markets wider for domestic AI firms.
Companies:
- Fractal Analytics
Tags:
- Fractal Analytics
- IPO
1 min read
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Fractal Analytics seeks a ₹49 billion IPO and continues heavy AI‑R&D spending, signalling potential for India’s first listed pure AI firm.
Indian enterprise AI firm Fractal Analytics plans to raise about ₹49 billion ($554 million) in its upcoming IPO while maintaining high research‑and‑development spending. The company spent ₹1.44 billion in 2025 alone on R&D, around 6% of its revenues over three years. More than 65% of Fractal’s revenue comes from U.S. clients including major tech companies. Its listing would make it one of the first AI‑led businesses in India to go public and could open capital markets wider for domestic AI firms.

Indian enterprise AI firm Fractal Analytics plans to raise about ₹49 billion ($554 million) in its upcoming IPO while maintaining high research‑and‑development spending. The company spent ₹1.44 billion in 2025 alone on R&D, around 6% of its revenues over three years. More than 65% of Fractal’s revenue comes from U.S. clients including major tech companies. Its listing would make it one of the first AI‑led businesses in India to go public and could open capital markets wider for domestic AI firms.
Companies:
- Fractal Analytics
Tags:
- Fractal Analytics
- IPO
- Fractal Analytics
- IPO
- AI R&D
- Indian tech
- enterprise AI