“Exclusive: Fractal Bags INR 49 Cr From Cofounder Srikanth Velamakanni”

Key points

• 1. Fractal Analytics cofounder Srikanth Velamakanni invested INR 48.7 Cr for share conversion.
• 2. The investment converts 6.6 Lakh partly paid-up shares into fully paid-up shares at INR 733 each.
• 3. Fractal plans to file its DRHP in August for a $500 Mn IPO.
• 4. The company previously attempted an IPO in 2021 but postponed it due to market conditions.
• 5. Fractal reported a net loss of INR 54.7 Cr in FY24, down from a profit of INR 194.4 Cr in FY23.
• 6. Revenue grew 11% to INR 2,196.3 Cr in FY24 from INR 1,985.4 Cr in FY23.