Latest news with #Fractal
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Business Standard
31-07-2025
- Business
- Business Standard
Demand for GenAI skills rises in India with 26 mn Coursera learners
India is witnessing a surge in demand for generative artificial intelligence (GenAI) skills, with Coursera recording over 26 million course enrolments in the category so far in 2025 — averaging one every 30 seconds — according to Marni Baker Stein, chief content officer at the global digital education platform. Most of these learners are freshers enrolling in fundamental courses that teach the basics of AI and GenAI. Those looking to reskill or upskill are signing up for courses covering the fundamentals of AI and machine learning, design basics, GenAI use cases for software development, and coding in various languages, Stein said. With 29 million learners enrolled on the platform, India continues to be Coursera's second-largest market after the US, Stein said, adding that nearly 70 per cent of these learners are men, while 30 per cent are women. 'There has been a 290 per cent growth in the number of women learners on the platform, which is encouraging, but we would still like to see that ratio between men and women improve,' she said. In India, Coursera has partnered 18 universities, including the Indian Institutes of Technology at Guwahati, Bombay, and Roorkee; the Indian Institutes of Management at Calcutta, Indore, and Ahmedabad; as well as the Birla Institute of Technology and Science, Pilani, among others. For industrial training, the online educational content provider has also recently tied up with enterprise AI firm Fractal Analytics, Stein said. Under the partnership, Fractal will offer 26 courses and five specialisations, including week-long microlearning programmes on responsible AI in the era of GenAI, she added. Fractal will also curate specialised, industry-driven courses for the platform, drawing on its consulting experience with other companies, Stein said. The firm's hands-on approach is also enabling it to rapidly update course content based on industry feedback. The Coach feature of Coursera, an AI-powered feedback tool for learners, has seen a total of 3.7 million messages exchanged in India since its launch in September 2024, Stein said, adding that more than 400,000 users interact with the assistant regularly. 'So, if learners are having a problem conceptually, they can talk to Coach about how the course applies to their job or how they can apply it in their life. What is interesting is that learners who interact with Coach tend to persist longer and finish the course. Women and learners with a weaker academic background or learning history are more likely to interact with Coach,' she said.
The Wire
29-07-2025
- Business
- The Wire
Fractal Launches Cogentiq, an Agentic AI Platform to drive Enterprise Performance
MUMBAI, India, July 29, 2025 /PRNewswire/ -- Fractal ( a global provider of artificial intelligence solutions to Fortune® 500 enterprises, today announced the launch of Cogentiq, an innovative agentic AI platform designed to translate AI excitement into measurable enterprise performance. Cogentiq accelerates product development and enhances operational agility through pre-built agents, intuitive tools, seamless connectors, and robust governance - all integrated within a powerful low-code framework. Despite enthusiasm around AI, enterprises often struggle to translate potential into tangible results. Traditional analytics and automation tools remain constrained by data silos, rigid workflows, and dependence on technical expertise - limiting the speed and effectiveness of decision-making. Cogentiq bridges this gap, going beyond passive analytics to enable decision-making. Its intelligent agents integrate data across systems, analyze information contextually, and autonomously initiate actions, transforming how enterprises engage with customers, manage operations, and drive growth. Early deployments of Cogentiq have already delivered results across sectors like healthcare, insurance, and consumer packaged goods ("CPG"). For example, a major healthcare provider used Cogentiq to fully automate contact center auditing, reducing call duration and enhancing member experiences - achieving operational efficiency and high ROI. "The excitement around AI is undeniable, yet most enterprises struggle to convert this enthusiasm into sustained performance," said Srikanth Velamakanni, Co-founder, Group Chief Executive, and Vice-Chairman of Fractal. "Cogentiq represents the future of AI - where intelligent agents actively think, plan, and act within real-world business scenarios. It moves beyond traditional dashboards to embed intelligence directly into daily workflows, accelerating decisions. This means enterprises can now move from actionable intelligence to intelligent actions." Key features of the Cogentiq platform include: SME-Friendly Agent Builder: Empowers subject matter experts ("SME") with a low-code/no-code environment to create and deploy tailored AI agents - democratizing AI across the enterprise. Unified Data Integration: Comprehensive connectors for structured and unstructured data eliminate silos, enabling holistic and real-time insights. Pre-Built Domain Intelligence: Specialized agents tailored for key business functions, including finance, HR and supply chain, accelerating deployment and accuracy. Flexible, Future-Proof Architecture: Cloud-agnostic and compatible with diverse large language models ("LLM"), ensuring enterprises benefit from advancements without vendor lock-in. Enterprise-Grade Security and Compliance: Robust governance framework, secure authentication, and role-based access controls ensures safe, ethical, and compliant AI operations. "Enterprises today are navigating a world rich with data, but what sets us apart is the ability to not just derive insight but act on it, instantly and logically. Cogentiq enables business users to move past static dashboards, to understand the 'why' behind the 'what', and trigger autonomous actions in real-time. With no code and no dependencies from customer support to field sales, businesses can build logical workflows, accelerate decisions and unlocking measurable impact," said Pranay Agrawal, Co-founder and CEO of Fractal US. About Fractal Fractal is a globally recognized Enterprise AI company with a vision to power every human decision in the enterprise. Fractal's suite of businesses includes (enabling interconnected decisions for revenue growth) and Analytics Vidhya (one of the world's largest data science communities). Fractal incubated a global healthcare AI leader enhancing the rapid identification and management of tuberculosis, lung cancer, and stroke. Fractal's dedicated AI research team is focused on foundational AI advancements, including knowledge-based foundational models, reasoning-based systems, and agentic systems. The team has launched successful products such as and the open-source reasoning model Fathom-R1-14B. Fractal employs over 5,000 professionals across 18 global locations, including the United States, Canada, UK, Netherlands, Ukraine, India, Singapore, South Africa, UAE, and Australia. It has consistently earned recognition as one of India's Best Companies to Work For (Top 100, 2025), a 'Great Workplace' for eight consecutive years, and among 'India's Best Workplaces for Women' for five years running by the Great Place to Work® Institute. Fractal was also named a Leader in the 2025 Forrester Wave™ for Customer Analytics Service Providers and earned leadership positions in the Everest Group Peak Matrix Assessment 2025 for AI and Analytics Services, and Information Services Group's 2024 assessments for Data Engineering and Data Science Services. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Economic Times
16-07-2025
- Business
- Economic Times
Fractal shareholders raise $172 mn in pre-IPO secondary deal
IPO-bound Fractal's shareholders have raised USD 172 million at an enterprise value of USD 2.4 billion, sources aware of the development said. ADVERTISEMENT Earlier, Fractal raised USD 685 million in funding from investors like TA, TPG and Apax, according to market research firm Tracxn. "The total amount raised is USD 172 million at a valuation of USD 2.44 billion. The entire transaction is secondary in nature. No funds have come into Fractal," the source said. The query sent to the company did not elicit any reply. The majority of shares were sold by Apax Partners. The secondary sale took place amid the company's plan to file draft papers with Sebi for an initial public offer. PTI (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
16-07-2025
- Business
- Time of India
Fractal shareholders raise $172 mn in pre-IPO secondary deal
IPO-bound Fractal's shareholders have raised USD 172 million at an enterprise value of USD 2.4 billion, sources aware of the development said. Earlier, Fractal raised USD 685 million in funding from investors like TA, TPG and Apax, according to market research firm Tracxn. "The total amount raised is USD 172 million at a valuation of USD 2.44 billion. The entire transaction is secondary in nature. No funds have come into Fractal," the source said. The query sent to the company did not elicit any reply. The majority of shares were sold by Apax Partners . Live Events The secondary sale took place amid the company's plan to file draft papers with Sebi for an initial public offer . PTI
Mint
04-07-2025
- Business
- Mint
Fractal Analytics to file draft papers by mid-August for $500 million IPO
Mumbai: Fractal Analytics is preparing to file draft papers for a $500 million public listing over the next five to six weeks at a valuation exceeding $3 billion, two people familiar with the matter told Mint. 'A bulk of the issue will have an offer-for-sale component under which existing investor Apax Funds will look to part sell its six-year-old stake in the company,' one of the people said. The person added that TPG may also consider a small stake sale on its three-year-old bet in the company. The second person said that the draft papers will be filed by the second week of August, with the listing expected by the end of this financial year. Fractal did not immediately respond to Mint's requests for comment. TPG and Apax Funds declined to comment. The company has hired Morgan Stanley, Kotak Mahindra Capital, and Axis Capital to manage the issue, according to a report by The Economic Times. The Mumbai-based analytics firm had first planned to go public in 2021 but deferred its plans amid weak market conditions. Over the past year, several other companies have also delayed initial public offerings (IPOs), recalibrated their valuations, and downsized issue sizes in response to changing market sentiment. For instance, Ather Energy trimmed its IPO size to just over ₹ 2,600 crore at the time of listing, down from an initial target of ₹ 3,100 crore. Its valuation also fell to $1.4 billion from a previous target of $2 billion. If it goes ahead as planned, Fractal will join a growing list of startups including Meesho, Wakefit, Shadowfax, Curefoods, PhysicsWallah, Shiprocket, Urban Company, Boat, Groww, Pinelabs, and Capillary Tech that have filed draft papers in recent weeks. Others such as Inframarket, Ofbusiness, Moneyview, Kissht, and Turtlemint are also expected to follow soon. The spurt in activity signals a rebound in India's IPO market, as easing global uncertainty revives investor appetite and boosts confidence among issuers. In FY24, Fractal reported consolidated revenue of ₹ 2,196 crore, a 10.6% increase from ₹ 1,985 crore the previous year. However, it posted a net loss of ₹ 54.7 crore, compared to a net profit of ₹ 194 crore in FY23, as per its annual report. Founded in 2000 by Srikanth Velamakanni, Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayan, and Ramkrishna Reddy, Fractal provides AI-driven data solutions to clients across consumer goods, retail, financial services, and insurance. Its customer base includes around 150 Fortune 500 companies such as Google and Wells Fargo. Its target group includes companies with either $20 billion in market capitalization or $10 billion in revenues, or those with at least 30 million customers. The company says it allocates about 10–12% of revenues toward research and development. Over the past few years, Fractal has raised over $600 million from investors including TA Associates, TPG, and Malaysia's Khazanah Nasional Berhad through primary and secondary transactions, according to data from Tracxn. In 2016, Khazanah invested $100 million at a $300 million valuation. Fractal entered the unicorn club six years later after a $360 million investment from TPG. The company also incubates and spins off ventures. One such business is healthcare startup which raised funds from Sequoia Capital (now Peak XV Partners) in 2020. Fractal exited its 36.2% stake in at a value of ₹ 541 crore in FY23, boosting its bottom line that year.
