The IPO includes both new share issuance and investor share sales, showing that the company aims to raise fresh capital while allowing some investors to partially exit.
According to sources, the fresh funds will be used to grow Fractal Analytics' generative AI services, boost research and development, expand globally, and repay part of its existing loans.
CropIn, 3LOQ, Reconsense Labs, Realbox, Fractal Analytics, Happiest Minds Technologies, Crayon Data, Thoucentric, Tiger Analytics, and Hdata are the top Data Analytics Startups in India.
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