{"id":2503,"date":"2021-08-17T17:52:10","date_gmt":"2021-08-17T12:22:10","guid":{"rendered":"https:\/\/tdw.co.in\/crux\/?p=2503"},"modified":"2021-10-27T00:10:45","modified_gmt":"2021-10-26T18:40:45","slug":"india-ai-startup-fractal-weighs-ipo-as-pandemic-fuels-growth","status":"publish","type":"post","link":"https:\/\/tdw.co.in\/crux\/india-ai-startup-fractal-weighs-ipo-as-pandemic-fuels-growth\/","title":{"rendered":"India AI Startup Fractal Weighs IPO as Pandemic Fuels Growth"},"content":{"rendered":"\n

India has more than a thousand software-as-a-service providers and the industry is set to increase its annual revenue to $70 billion by 2030 from about $3 billion now, according to a recent report by consultancy McKinsey & Co.<\/a>, trade group SaasBoomi and India\u2019s software industry body, Nasscom<\/a>. The country\u2019s contenders are set to control about 6% of the global SaaS market estimated to be worth $1.3 trillion by the end of the decade, according to the report.<\/p>\n\n\n\n

Fractal<\/a> has its main offices in Mumbai and New York and 2,400 employees in 16 locations across the globe, including India, the U.S., U.K., Ukraine and Australia. The company plans to add 1,500 workers this year, mainly in India, Velamakanni said.<\/p>\n\n\n\n

Revenue in the fiscal year after this one is set to reach $250 million, he said. Among Fractal\u2019s new initiatives is Crux Intelligence, which combines machine learning and natural language processing to allow enterprises to easily gather business intelligence from data and convert such analysis into action.<\/p>\n\n\n\n

\u201cIt\u2019s like the Siri or Google Assistant for businesses,\u201d said Kathy Leake, the head of Crux Intelligence. \u201cCustomers can query in simple language and have data analysis and personalized business insights at their fingertips.\u201d<\/p>\n\n\n\n

Read the full article on Bloomberg here<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIt\u2019s like the Siri or Google Assistant for businesses,\u201d said Kathy Leake, the head of Crux Intelligence. \u201cCustomers can query in simple language and have data analysis and personalized business insights at their fingertips.\u201d […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":14,"featured_media":2510,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[62],"tags":[67],"acf":[],"yoast_head":"\nIndia AI Startup Fractal Weighs IPO as Pandemic Fuels Growth | Crux Intelligence<\/title>\n<meta name=\"description\" content=\"The need for BI solutions has driven Fractal's growth making IPO a possibility. 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