Built from Scratch: How Wayfair India Became a Supply Chain Nerve Center
From supply chain systems to GenAI, Wayfair India isn't just supporting HQ—it's leading global transformation. We unpack the strategic bet on Bengaluru, tech talent, and future plans
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Time of India
an hour ago
- Time of India
AI solutions provider Fractal Analytics files draft papers for ₹4,900-cr IPO
New Delhi: Artificial intelligence solutions provider Fractal Analytics has filed preliminary papers with the markets regulator, Sebi , seeking its approval to raise ₹4,900 crore through an initial public offering ( IPO ). The IPO comprises a fresh issue of equity shares worth up to ₹1,279.3 crore and an Offer for Sale (OFS) valued at ₹3,620.7 crore, according to the draft red herring prospectus (DRHP) filed on Tuesday. The OFS includes ₹1,462.6 crore worth of shares by Quinag Bidco Ltd, ₹1,999.6 crore by TPG Fett Holdings Pte Ltd, ₹29.5 crore by Satya Kumari Remala and Rao Venkateswara Remala, and ₹129.0 crore by GLM Family Trust. The company may opt for a pre-IPO placement of up to ₹255.8 crore. If carried out, the size of the fresh issue will be reduced. Fractal Analytics plans to use the proceeds from the fresh issue to invest in its subsidiary, Fractal USA, for pre-payment or repayment of its borrowings; set up new offices in India; invest in research and development; support sales and marketing under Fractal Alpha; fund acquisitions and other strategic initiatives; and for general corporate purposes. Founded in 2000, Fractal was cofounded by Srikanth Velamakanni and Pranay Agrawal. It supports large global enterprises across multiple industry verticals and business functions, providing data-driven insights and assisting in decision-making through end-to-end AI solutions . Backed by marquee investors like TPG, Apax, Gaja, Fractal is a leading pure-play data and artificial intelligence company with domain expertise spanning consumer packaged goods & retail; technology, media and telecom; healthcare and life sciences; and banking, financial services and insurance. According to an industry report, it is uniquely positioned among other industry players with active investments in expanding its AI and Gen AI software portfolio and R&D activities. As of March 31, 2025 it served global companies including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla. On the financial front, Fractal's revenue from operations increased by 26 per cent to ₹2,765 cr in FY25 from ₹2,196 crore in the preceding fiscal. Similarly, profit after tax had a positive turnaround to ₹22 crore in FY25 from a loss of ₹5.47 crore in FY24. Kotak Mahindra Capital Company , Morgan Stanley India Company, Axis Capital and Goldman Sachs (India) Securities have been appointed by Fractal to manage its maiden public issue.
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Business Standard
3 hours ago
- Business Standard
Arintra secures $21m Series A funding led by Peak XV for AI medical coding
Arintra, a GenAI-powered medical coding platform for healthcare providers, has raised $21 million in Series A funding led by Peak XV Partners, with Endeavor Health Ventures, Y Combinator, and others participating. The funds will support nationwide adoption, accelerate product development, expand the team, and establish a Bay Area headquarters to meet growing demand. 'Reimbursement in healthcare is fundamentally broken. Payers are moving fast, using policy and technology to shift more burden onto providers, but autonomous coding hasn't kept up,' said Nitesh Shroff, Co-founder and Chief Executive Officer, Arintra. 'We built Arintra to help healthcare providers secure compliant revenue at scale while easing the burden on frontline teams.' Tight margins and rising complexity The company said healthcare organisations face tighter margins, coder shortages, and complex payer demands. New policies have further strained reimbursements, driving demand for proactive automation to help providers navigate an increasingly challenging environment. Arintra said it delivers revenue assurance through a proactive, outcomes-driven approach, ensuring health systems receive accurate, efficient reimbursement. 'At Arintra, we bring together autonomous medical coding, clinical documentation improvement, and denial prevention in a single platform,' said Preeti Bhargava, Co-founder and Chief Technical Officer, Arintra. 'By helping providers document what was done, code what was documented, and properly support what was charged, we enable them to secure full, compliant reimbursement at a lower cost, with fewer delays and significantly less manual effort.' Client results and ROI Arintra also helped Reid Health improve accounts receivable speed and coding accuracy. 'We chose Arintra because it integrates deeply with Epic and changed how we code without disrupting our workflows. We went from billing delays and high denials to faster A/R and fully automated charge capture. It is one of the few AI tools that delivers hard ROI, fast,' said Muhammad Siddiqui, Chief Information Officer at Reid Health. Mohit Bhatnagar, Managing Director, Peak XV Partners, said: 'The disruption of the $150 billion healthcare reimbursements industry will be one of AI's defining impacts. Arintra's autonomous system tackles one of the hardest challenges for providers: translating clinical documentation into accurate insurance codes so they get paid fairly and fast. After backing Nitesh and Preeti at seed through our Surge programme, Peak XV Partners is excited to double down and lead Arintra's Series A round.' Arintra's GenAI platform combines large language models and clinical knowledge graphs to apply specialty-specific coding with precision. The fully explainable, auditable codes integrate with electronic health records such as Epic and Athena, operating seamlessly within existing clinical workflows.
News18
3 hours ago
- News18
Perfios Launches CAM AI, Powers 85% Faster Underwriting
Increases loan processing capabilities in Banks and NBFCs by up to 2X Bengaluru, Karnataka, India – Business Wire India India's leading B2B SaaS TechFin, has unveiled CAM AI, an AI-powered credit underwriting platform that is transforming lending operations across banks and NBFCs globally. Tailored for complex credit assessment, CAM AI reduces underwriting turnaround time by up to 85%, compressing multi-day credit assessment processes into just hours, enabling banks and NBFCs to process up to 2X more loan applications with existing teams. Built on top of Perfios' trusted AI/ML models and enriched with its proprietary GenAI and agentic tooling, CAM AI delivers specialised intelligence at scale. By fusing domain-specific LLMs, RAG pipelines, and agentic algorithms, the platform performs expert-level credit analysis, autonomously extracting, interpreting, and reconciling data across financial documents in real time. Traditional underwriting, especially for high-value loans like business loans, home loans, and loans against property, requires skilled credit analysts to manually triangulate across statements, GST filings, bank data, and financial ratios. This results in bottlenecks that hurt both lenders and borrowers- especially small and medium enterprises (SMEs), for whom timely access to capital is business-critical. CAM AI replaces weeks of manual processing with hours of intelligent automation, transforming Credit Assessment Memo generation into a real-time, audit-ready workflow. 'We've architected CAM AI specifically for the demands of regulated financial environments," said Sumit Nigam, Chief Technology Officer at Perfios. 'While we use large language models for advanced reasoning, we layer them with specialised engines for financial calculations, document verification, and regulatory compliance. Every insight is backed by source traceability, analysts can see exactly which document led to which conclusion. This hybrid approach delivers audit-ready reliability, analytical depth, and safeguards against the unpredictability of generic LLMs." CAM AI integrates seamlessly into Perfios' broader ecosystem, turning legacy workflows into GenAI-first, intelligent decisioning engines. With real-time financial analysis, contextual business logic, and autonomous document understanding, the platform ensures even junior analysts can operate at the level of a seasoned credit veteran, driving consistency, speed, and scalability across lending teams. Perfios recently also unveiled its Gen AI powered intelligence stack comprising four solutions that are transforming the BFSI industry by increasing the operational productivity upto 3x. About Perfios Founded in 2008, Perfios is a global B2B SaaS company serving the Banking, Financial Services and Insurance industry in 18 countries, empowering 1000+ financial institutions. Through their pioneering software platforms and products, Perfios helps financial institutions to take big leaps by shaping their origination, onboarding, decisioning, underwriting and monitoring processes at scale and speed. Perfios delivers 8.2 billion data points to banks and financial institutions every year to facilitate faster decisioning and significantly accelerates access to credit and financial services for their clients' customers. Headquartered in Bangalore, with offices worldwide and with 75+ products and platforms, and over 500+ APIs, in Perfios, their clients have a confident and a robust start-to-end tech platform. (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR view comments First Published: August 13, 2025, 16:30 IST News agency-feeds Perfios Launches CAM AI, Powers 85% Faster Underwriting Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
