Fractal Analytics

Fractal Analytics is undergoing its initial public offering (IPO), which has received a subdued subscription rate. The company aims to become India's first publicly traded AI-specialized company, with its shares expected to list on February 16, 2026.

Fractal Analytics successfully completed its Initial Public Offering (IPO), raising Rs 2,833.9 crore. The proceeds will be used for debt repayment, infrastructure expansion, R&D, sales and marketing, and potential acquisitions, which is expected to strengthen its market position and growth prospects.

Fractal Analytics launched PiEvolve, an evolutionary, agentic engine for autonomous machine learning and scientific discovery. This product's strong performance on OpenAI's MLE-Bench enhances Fractal Analytics's position in enterprise AI and is expected to drive business outcomes.

Fractal Analytics reported strong Q3 FY26 financial results, with revenue growing 21% YoY and Adjusted EBITDA growing 24% YoY. The company also achieved significant milestones with its AI products, Vaidya.ai 2.0 and PiEvolve, outperforming global benchmarks.

Fractal Analytics is a homegrown startup showcasing pioneering reasoning models at the summit, contributing to India's indigenous AI innovations.