Asper.ai Gets Strategic Investment of $20 Mn From SaaS Unicorn Fractal

Fractal, a SaaS unicorn, is investing $20 million (INR 172 Cr) in its AI-powered supply chain platform, Asper.AI.

Fractal stated that the funding will help Asper.AI improve its product, grow its global customer base, and drive its next phase of growth.

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“Asper has demonstrated exceptional growth and innovation in just three years. We are thrilled to continue our partnership with Asper’s team to drive the next phase of growth. The phased investment will fuel Asper’s vision, unlocking new opportunities for enterprise customers, ”Pranay Agrawal, co-founder and CEO of Fractal.

Asper.ai cofounder and CEO, Mohit Agarwal said, “Last three years have been a thrilling and rewarding journey of building an AI platform in (the) midst of all the tech innovation… This investment from Fractal further enables us in building our autonomous growth AI platform, attract experienced talent, and expand our product offerings to meet the growing demand for cutting-edge AI platforms."

About Asper.AI 

Founded in 2022 by Mohit Agarwal and Anuj Kaushik, Asper.AI uses AI to help retail businesses automate tasks like demand forecasting, revenue management, inventory planning and sales execution.

About Fractal Analytics

Founded in 2000 by Srikanth Velamakanni, Pranay Agrawal and Ashwath Bhat, Fractal Analytics provides AI and analytics solutions to Fortune 500 companies. Backed by TPG Capital and Khazanah Nasional, the SaaS startup has raised $685 million so far.

This investment comes as Fractal looks to boost revenue after reporting losses in FY24. The company has also invested in its product division while preparing for a potential stock market listing in India.

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