India's first AI unicorn Fractal said to weigh $500m IPO

India's first AI unicorn Fractal said to weigh $500m IPO

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo

Fractal Analytics, a provider of artificial intelligence services, is considering filing for an initial public offering in India as soon as November to raise $500 million, Bloomberg reported on Wednesday, citing people familiar with the matter.

Edited by: Joymitra Rai