Fractal Invests $20 Million in AI-Driven Growth Platform Asper.AI

India's First AI Unicorn Fractal Invests $20 Million in Asper.AI

The investment aims to enhance Asper.AI's autonomous growth AI platform and expand its product offerings of AI solutions. Fractal, a global provider of enterprise AI solutions, has announced a $20 million strategic investment in Asper.AI, one of its product companies focused on AI-driven growth solutions for consumer goods and manufacturing. The company said the investment will support Asper's expansion, enhance product development, and scale its enterprise customer base globally. Founded with the goal of transforming decision-making in enterprise growth, Asper.AI leverages AI across four key areas, including demand forecasting and planning, revenue growth management, inventory planning, and sales execution. The company operates across Bengaluru, New York, London, and San Francisco, focusing on delivering interconnected, AI-powered decisions that enhance business performance. Pranay Agrawal, co-founder and CEO of Fractal, emphasised Asper's rapid progress and said, "Asper has demonstrated exceptional growth and innovation in just three years. We are thrilled to continue our partnership with Asper's team to drive the next phase of growth. The phased investment will fuel Asper's vision, unlocking new opportunities for enterprise customers." Meanwhile, Asper.AI's co-founder and CEO, Mohit Agarwal, highlighted that more than AI, consumer goods need an ally that scales with their operations, speaks their language, and turns data into actionable decisions. "This investment from Fractal enables us to enhance our autonomous growth AI platform, attract top talent, and expand our product offerings to meet the increasing demand for cutting-edge AI solutions," he added. The company expects that developing such expertise internally demands substantial investment in AI talent, infrastructure, ongoing model training, and deep domain knowledge. Fractal, founded in 2022, is known for driving AI adoption among Fortune 500 companies. It has built a portfolio of AI-driven businesses, including Asper.AI, Flyfish (a GenAI platform for search and product discovery), and Analytics Vidhya (a leading data science community). It also incubated Qure.ai, a healthcare AI player focused on tuberculosis, lung cancer, and stroke detection.

Fractal invests $20 million in Asper.AI to accelerate growth in consumer goods AI

Fractal, a global enterprise AI solutions provider, has announced a $20 million strategic investment in Asper.AI, one of its product companies specializing in AI-driven growth platforms for consumer goods and manufacturing. This investment is aimed at propelling Asper.AI's next phase of expansion, focusing on scaling product development and broadening its enterprise customer base worldwide. Pranay Agrawal, Co-Founder and CEO of Fractal, emphasized Asper.AI's rapid growth and innovation over the past three years. "We are thrilled to continue our partnership with Asper's team to drive the next phase of growth," Agrawal stated. "The phased investment will fuel Asper's vision, unlocking new opportunities for enterprise customers." Asper.AI's platform is designed to provide interconnected and automated decision-making across key growth levers, including demand forecasting, revenue growth management, inventory planning, and sales execution. This approach addresses the challenges faced by consumer goods leaders who require more than just AI, but a scalable partner that understands their operational needs.

SaaS Fractal To Pump $20 Mn In AI-Led Product Arm Asper.AI

Meanwhile, Fractal slipped into the red in FY24 with a consolidated net loss of INR 54.7 Cr while clocking an 11% YoY growth in revenues to INR 2,196.3 Cr SaaS unicorn Fractal has announced a strategic investment of $20 Mn (INR 172 Cr) in its in-house AI-driven supply chain management platform Asper.AI. In a statement, Fractal said that the funding will enable Asper.AI to scale up product development, expand enterprise customer base across the globe and "power" its next phase of growth. Asper.AI cofounder and CEO, Mohit Agarwal said that the infusion will enable the platform to hire experienced talent and expand its product offerings. Founded under the aegis of Fractal in 2022 by Mohit Agarwal and Anuj Kaushik, Asper.AI leverages AI to help retail businesses automate decision making across facets such as demand forecasting, revenue growth management, inventory planning, and sales execution. "Asper has demonstrated exceptional growth and innovation in just three years. We are thrilled to continue our partnership with Asper's team to drive the next phase of growth. The phased investment will fuel Asper's vision, unlocking new opportunities for enterprise customers," said Fractal cofounder and CEO Pranay Agrawal. Commenting on the infusion, Asper.ai cofounder and CEO, Mohit Agarwal added, "(The) last three years have been a thrilling and rewarding journey of building an AI platform in (the) midst of all the tech innovation... This investment from Fractal further enables us in building our autonomous growth AI platform, attract experienced talent, and expand our product offerings to meet the growing demand for cutting-edge AI platforms". Meanwhile, Fractal Analytics, founded in 2000 by Srikanth Velamakanni, Pranay Agrawal and Ashwath Bhat, offers artificial intelligence (AI) and advanced analytics solutions to Fortune 500 companies. Backed by the likes of TPG Capital and Khazanah Nasional, the SaaS startup has raised $685 Mn in funding to date. The capital infusion comes at a time when Fractal has been looking to bolster its top line after slipping into the red in fiscal year 2023-24 (FY24). Notably, the enterprise tech major has also pumped capital in its product arm as Fractal lines up plans to list on the Indian bourses. In September last year, reports surfaced that Fractal was mulling filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an $500 Mn IPO with SEBI. While there have been no further updates on its IPO plans, Fractal was reportedly looking at a valuation of $3.5 Bn for the public listing. On the financial front, Fractal Analytics reported a consolidated net loss of INR 54.7 Cr in FY24 compared to a profit of INR 194.4 Cr in the previous fiscal. Meanwhile, revenue from operations jumped 11% to INR 2,196.3 Cr in the fiscal under review from INR 1,985.4 Cr in FY23.

Fractal Invests $20 Million in Asper.AI to Drive Next Phase of Growth and Innovation

Fractal (www.fractal.ai), a global provider of enterprise AI solutions and services to Fortune 500® companies, today announced a $20 million strategic investment in one of its product companies, Asper.ai, a purpose-built AI for growth platform for consumer goods and manufacturing. The funding aims to power Asper's next phase of growth, focusing on scaling its product development and expanding its enterprise customer base across the globe. Speaking about the investment, Pranay Agrawal, Co-Founder and CEO, Fractal, said, "Asper has demonstrated exceptional growth and innovation in just three years. We are thrilled to continue our partnership with Asper's team to drive the next phase of growth. The phased investment will fuel Asper's vision, unlocking new opportunities for enterprise customers." Asper.ai Co-founder & CEO, Mohit Agarwal said, "Last 3 years have been a thrilling and rewarding journey of building an AI platform in midst of all the tech innovation. Consumer goods leaders need more than AI -- they need an ally that scales with their operations, speaks their language, and turns data into actionable decisions. This investment from Fractal further enables us in building our autonomous growth AI platform, attract experienced talent, and expand our product offerings to meet the growing demand for cutting-edge AI platforms". Anuj Kaushik, Co-founder & Chief Commercial Officer, Asper.ai shared, "The market has responded well to our product capabilities. Building the capability in-house requires significant investment in AI talent, infrastructure, and ongoing model training, alongside deep domain expertise. Our platform eliminates these barriers, offering purpose-built vertically integrated AI solutions that delivers speed-to-value." Asper.ai remains committed to driving innovation and delivering transformative AI solutions for enterprises worldwide. With a strong foundation and continued investment, the company is poised to expand its impact, and enhance value for its growing customer base. About Asper.ai Asper.ai enables interconnected and automated decisions leveraging its proprietary AI for growth platform across 4 growth levers - Demand Forecasting and Planning, Revenue Growth Management, Inventory Planning, and Sales Execution. By changing the way decisions are made, Asper.ai unlocks growth and transforms organisations into adaptive intelligent enterprises. Asper has built a multidisciplinary team across Bengaluru, New York, London, and San Francisco, with a strong focus on customer centricity and culture. About Fractal Fractal is a globally recognized AI company with the vision to power every human decision in the enterprise. Fractal is a trusted partner to some of the most admired Fortune 500® companies. Fractal's businesses include Asper.ai (enabling interconnected decisions for revenue growth), Flyfish (GenAI platform for search & product discovery), and Analytics Vidhya (one of the world's largest data science community). Fractal incubated Qure.ai, a leading player in healthcare AI for efficient identification and care of Tuberculosis, lung cancer and stroke. Fractal currently has 5000+ employees across 18 global locations, including the USA, Canada, UK, Netherlands, Ukraine, India, Singapore, South Africa, UAE and Australia.