Fractal Analytics Said to Plan $555 Million India IPO Next Month

Fractal Analytics is preparing to kick off its initial public offering, which may fetch 49 billion rupees ($555 million), as early as next month in India, according to people familiar with the matter.

The company has begun meeting potential investors, the people said, asking not to be identified as the information is private. Fractal is seeking a valuation of around $3 billion, they said.

Deliberations are ongoing, and details such as valuation and timing could change, the people said. A spokesperson for the analytics firm, India’s first artificial-intelligence unicorn, didn’t immediately respond to requests for comment.

Fractal joins the growing ...