Fractal Bags INR 49 Cr From Cofounder Srikanth Velamakanni

Cofounder and CEO Srikanth Velamakanni made the investment for the conversion of his partly paid-up equity shares into fully paid-up equity shares

Fractal also approved the allotment of 1.32 Lakh equity shares to as many as 81 employees under its ESOP scheme last month

Fractal is preparing for its public listing and is looking to file its DRHP in August for a $500 Mn IPO

IPO-bound SaaS unicorn Fractal Analytics’ cofounder and CEO Srikanth Velamakanni has invested INR 48.7 Cr (about $5.6 Mn) in the company.

As per…