Tuesday, 17 February, 2026
Fractal Analytics Muted IPO Debut Signals Persistent AI Valuation Fears in India
Fractal Analytics, India’s first major AI unicorn to go public, saw a subdued market debut. Shares listed at a 2.7% discount on the NSE, closing nearly 6% below the issue price. Despite returning to profitability in FY25, the firm faced investor skepticism regarding high valuations and disruption risks. This tepid reception highlights a growing caution among Indian investors toward the long-term scalability of pure-play AI ventures.
Read full story at TechCrunch