CosmicTaco

Fractal's AI Transformation: From Analytics to IPO Ambitions

CosmicTaco · 2024-11-30T10:13:49.349686+05:30

- Fractal's revenue hit Rs 2,196 crore in FY24, with a net loss of Rs 55 crore, marking a shift from profit. - The AI unicorn acquired/incubated 15 ventures, including Qure.ai, and aims for a $3 billion IPO. - CEO Pranay Agrawal highlights strategic acquisitions for capability growth, not just revenue. Source: [The Arc](https://thearcweb.com/article/fractal-data-analytics-ai-tpg-srikanth-velamakanni-pranay-agrawal-DbopUKyt6W9KAUyS)

Fractal's revenue hit Rs 2,196 crore in FY24, with a net loss of Rs 55 crore, marking a shift from profit.
The AI unicorn acquired/incubated 15 ventures, including Qure.ai, and aims for a $3 billion IPO.
CEO Pranay Agrawal highlights strategic acquisitions for capability growth, not just revenue.

Source: The Arc