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Indian SaaS firm Fractal backs Asper.AI with $20m investment
Fractal, a software as a service (SaaS) company, has invested 172 crore rupees (US$20 million) in Asper.AI, its AI-driven supply chain management platform.
The funding is intended to support product development and expand Asper.AI’s global enterprise customer base.
Fractal, an AI and analytics provider for Fortune 500 companies, has raised US$685 million from investors like TPG Capital and Khazanah Nasional.
The investment comes amid speculation about Fractal’s potential US$500 million IPO in India, with no recent updates on its plans.
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