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EnterpriseTech

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


SUMMARY

The infusion will enable Asper.AI to scale up product development, hire experienced talent and expand its product offerings

Founded under the aegis of Fractal in 2022, Asper.AI leverages AI to help retail businesses automate demand forecasting, inventory planning, among others

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…



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by INC42

SUMMARY Info Edge will offload about 3.8 Cr shares of Meritto (formerly NoPaperForms) via the offer-for sale component (OFS) of the edtech SaaS company’s IPO Info Edge said its wholly owned subsidiary Startup Investments Holding Limited (SIHL) has approved the divestment via the OFS route Meritto is reportedly looking to raise between INR 500 Cr to INR 600 Cr ($60 Mn to $70 Mn) at a valuation of around INR 2,000 Cr ($234 Mn) Info Edge will offload about 3.8 Cr shares of Meritto (formerly NoPaperForms) via the offer-for… Source link

by INC42

SUMMARY The startup turned profitable in the first half of the ongoing financial year (H1 FY26), posting a consolidated net profit of INR 1 Cr as against a loss of INR 6.8 Cr in the same period last year ts operating revenue surged 25.1%YoY to INR 359.2 Cr during the period under review Capillary Technologies’ total expenses rose 18.3% to INR 322.7 Cr in H1 FY26 from INR 272.7 Cr in the year-ago period IPO-bound Capillary Technologies turned profitable in the first half of the ongoing financial year (H1 FY26), posting a… Source link

by INC42

Nasdaq-listed SaaS major Freshworks narrowed its consolidated net loss by 84.4% to $4.7 Mn in the third quarter of the calendar year 2025 (Q3 2025) from almost $30 Mn in the previous year on the back of a steady rise in customer adoption and strong top line growth. However, loss widened 2.8X from $1.7 Mn in Q2 2025. The company’s revenue jumped 15.3% to $215.1 Mn during the quarter under review from $186.6 Mn in Q3 2024. On a quarterly basis, it grew 5% from $204.7 Mn. Freshworks managed to trim its quarterly expenses by almost 3% to $189.6… Source link