Active Hackathon

LatentView All Set To Become First Pure Play Analytics Company In Indian IPO

At the announcement of their IPO opening, Rajan Venkatesan, CFO, Latent View Analytics, stated that the demand for going digital increased a lot during COVID19 that compelled growth

Data analytics company LatentView Analytics’ IPO will open on November 9 and close on November 12. The size of the IPO is valued at ₹600 crores, of which ₹474 crores is a fresh issue and ₹126 crores is up for sale. Per equity, the share band has been set between ₹190-₹197.

Founded in 2006, LatentView will become the first pure-play analytics company to be listed in the Indian IPO. The company decided to be listed as it believes that the future of data analytics is offering huge growth opportunities, and they don’t want to miss out on any. CEO Rajan Sethuraman stated, “The total capital we are raising, we believe, is fairly small in comparison to the market potential. The industry reports and the prospectus is listing out that the space is expected to grow at 18-20 per cent CAGR. Compared to that, the capital raise that we were doing is very small. It is almost insignificant in the larger market size.”


Sign up for your weekly dose of what's up in emerging technology.

Like any other company, LatentView Analytics did see some hiccups as the pandemic hit, but it soon became an accelerator for growth. CFO Rajan Venkatesan said, “As greater digital acceleration pushed a high portion of our client business online, this worked very well for us. Also, a lot of our clients actively and passively got comfortable with a lot of the complex business problem solving historically that was done from on-site location. We were able to achieve a significant business shift to our off-shore centres of excellence in Chennai and Bangalore. Thereby achieving a significant margin expansion in the FY 2020-21.”

Over 80 per cent of the company’s clients are from the US, and it plans to increase growth in Europe. The company plans inorganic growth and has started evaluating young start-ups for mergers and acquisitions. 

More Great AIM Stories

Meeta Ramnani
Meeta has completed PGD in Business Journalism from IIJNM, Bangalore. She comes with over six years of experience in journalism and writes about emerging enterprise technologies with a focus on digital transformation. She loves to go on bike rides and stays in touch with nature. Contact:

Our Upcoming Events

Conference, Virtual
Genpact Analytics Career Day
3rd Sep

Conference, in-person (Bangalore)
Cypher 2022
21-23rd Sep

Conference, in-person (Bangalore)
Machine Learning Developers Summit (MLDS) 2023
19-20th Jan, 2023

Conference, in-person (Bangalore)
Data Engineering Summit (DES) 2023
21st Apr, 2023

Conference, in-person (Bangalore)
MachineCon 2023
23rd Jun, 2023

3 Ways to Join our Community

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Telegram Channel

Discover special offers, top stories, upcoming events, and more.

Subscribe to our newsletter

Get the latest updates from AIM

Council Post: How to Evolve with Changing Workforce

The demand for digital roles is growing rapidly, and scouting for talent is becoming more and more difficult. If organisations do not change their ways to adapt and alter their strategy, it could have a significant business impact.

All Tech Giants: On your Mark, Get Set – Slow!

In September 2021, the FTC published a report on M&As of five top companies in the US that have escaped the antitrust laws. These were Alphabet/Google, Amazon, Apple, Facebook, and Microsoft.

The Digital Transformation Journey of Vedanta

In the current digital ecosystem, the evolving technologies can be seen both as an opportunity to gain new insights as well as a disruption by others, says Vineet Jaiswal, chief digital and technology officer at Vedanta Resources Limited

BlenderBot — Public, Yet Not Too Public

As a footnote, Meta cites access will be granted to academic researchers and people affiliated to government organisations, civil society groups, academia and global industry research labs.