Akshata Sharma
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SaaS unicorn Fractal plans to file its DRHP with SEBI by September, looking to list at a valuation of almost $3 Bn.
As per reports, the IPO will likely be in the range of $500 Mn to $600 Mn and will have a "large share" of secondary share sale by existing investors.
Founded in 2000 by Srikanth Velamakanni, Pranay Agrawal and Ashwath Bhat, Fractal offers artificial intelligence and advanced analytics solutions to Fortune 500 companies.
Backed by the likes of TPG Capital, Khazanah Nasional and Apax Partners, the startup has raised $685 Mn in funding till date.
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