Introduction
Tracxn Technologies Limited offers information technology services. The company’s platform allows businesses and investors in the private market to track entities via feeds divided according to industries, sectors, subsectors, regions, affiliations, and other networks. Tracxn Technologies provides global customer service. Let’s Know About Tracxn: Tracxn Case Study, Company Founder and Team, and Many More.
Let’s Know About Tracxn: Tracxn Case Study, Company Founder and Team, and Many More:
Table of Contents
Tracxn – Company Highlights
| Company Name | Tracxn |
| Headquarter | Bengaluru, Karnataka, India |
| Industry | Research Firm |
| Founded | 2013 |
| Founder | Abhishek Goyal and Neha Singh |
| Website | https://tracxn.com/ |
Tracxn – About
Tracxn (NSE: TRACXN) provides information about private enterprises and startups. Tracxn may be a technology-focused arrangement that makes a difference for examiners in finding around-the-world start-ups and making strides in their wander choices. It addresses many points, including marketplaces, bitcoin, software-as-a-service (SaaS), installments, capacity, arranging, and security in electronic commerce. The exchange was propelled in 2013 and has its central command in Bengaluru, India.
Tracxn – Industry
Tracxn may be an inquiry company that supplies funders and corporate headway divisions with information, essentially startup data. Abhishek Goyal and Neha Singh founded the business in 2013, and Bengaluru, Karnataka, India, serves as its headquarters office.
Tracxn – Founder and Team
Neha Singh and Abhishek Goyal, former venture capitalists from Accel Partners and Sequoia Capital, created Tracxn 2013.
Tracxn – Startup Story
Built-in 2013, Neha Singh and Abhishek Goyal created Tracxn, already venture capitalists at Sequoia Capital and Accel Partners. The stage Tracxn provides information on more than 2.3 million private endeavors worldwide, catering to the private markets.
Tracxn – Mission and Vision
With no concessions to pricing, Tracxn’s objective was to offer “high-grade enterprise data at high price points” to all industries. It aims to give investors and Global 2000 Corporations insightful information.
Tracxn – Name, Tagline, and Logo
“Technology” and “Human-in-the-Loop for Deal Discovery” are the broken names for Tracxn.
Tracxn – Business Model
With the debut of its B2B stage in 2015, Tracxn combined inquiry about and information analytics to offer sharp knowledge and advertise insights on thousands of secretly held businesses. They aimed to provide “high-grade enterprise data at high price points” across sectors without the dangers of discounting.
Tracxn – Revenue Modelz
- Tracxn makes money through subscriptions. For a single account, the annual subscription rate is approximately $20,000.
- For the quarter that ended on September 30, 2023, Tracxn Technologies Limited brought in ₹22.48 crore in total revenue, an 8.2% rise over the ₹20.76 crores collected in the previous quarter.
- In Q3 2023–2024, Tracxn Technologies Ltd.’s net profit dropped to ₹2.22Cr, a decrease of 64.25% from the previous year. Over the past three months, Tracxn Technologies Ltd. has experienced a 2.3% increment in net benefits on a quarterly development basis.
Tracxn – Products and Services
Tracxn’s services include
- Market research on the ecosystem of startups.
- Identifying deals: comprising deal delivery, sourcing, and startup databases.
- Due diligence on the company: Monitoring fundraising rounds and news about the company
- Tracking developing topics involves monitoring new company models, investment activity, and market movements.
Tracxn’s coverage includes many sectors, including
- Enterprise apps, infrastructure, FinTech, InsurTech, HealthTech, Life sciences, Energy Tech, Consumer, Retail, High tech, gig economy, and mobile.
Tracxn – Funding and Investors
- In all, Tracxn has had six fundraising rounds. The principal investor in Tracxn’s most recent investment round, which concluded on August 30, 2019, is KG Global Platform.
- Tracxn has 37 investors in total.
- The group of fifteen consists of Elevation and fourteen more institutional investors.
- 22 people, including Sachin Bansal and 21 others, are angel investors.
Tracxn – Employees
Tracxn has between 500 and 1,000 workers in India.
Tracxn – Challenges Faced
Tracxn Technologies aggregate private company databases. By October 2022, Tracxn was dealing with a variety of issues, such as
- Low numbers of subscriptions from investors.
- High value.
- Competition between other participants.
- Competition from traditional and online information sources.
- Operating cash flow that is negative.
- No comparable business exists on which it can be appraised.
Tracxn – Acquisitions
Tracxn has made several acquisitions in 2024, including:
- Acquired on February 16, 2024, PhonePe is a card-linked wallet solution for consumers and enterprises.
- On January 4, 2024, Farner International was acquired.
- On January 4, 2024, BDT & MSD Partners was acquired.
- On January 4, 2024, Penta Group was acquired.
- On January 4, 2024, AstraTech was acquired.
- On January 4, 2024, International Distributions Services was acquired.
- On January 4, 2024, Cyncly was acquired.
- On January 4, 2024, Archtop Fiber was acquired.
Tracxn – Growth
- For the quarter that ended on September 30, 2023, Tracxn’s net profits increased thrice to Rs 2.16 crore.
- For the quarter ending September 30, 2023, Tracxn’s total revenue increased by 8.2% to Rs 22.48 crore from Rs 20.76 crore in the preceding quarter.
- Operating revenue for Tracxn increased from Rs 20.2 crore in Q3 FY23 to Rs 21.1 crore in Q3 FY24, a 4.4% annual growth.
- Data on 2.4 million private enterprises, ranging from seed to unicorns and unfunded, is covered by Tracxn.
- Global coverage encompassing more than 54.7K categories and 2.6K feeds.
- 740 million+ domains searched and 1.4K+ additions each day.
Tracxn – Partners
Elevation, SpeedInvest, VALOR, CreedCap, TATA, TE Connectivity, and other key partners are involved.
Tracxn – Competitors
The Data City, Funderbeam, Harmonic, DueDash, and SourceScrub are some of Tracxn’s rivals.
Tracxn – Awards and Achievements
Tracxn has recognized IRP Systems as a Soonicorn and won the 2023 Emerging Startup Award.
Tracxn – Future Plan
There are no details.
FAQs
What does Tracxn do?
Tracxn is a technology-focused stage that helps speculators find worldwide start-ups and make better venture choices. In addition to comprehensive start-up information, they offer examinations on showcase patterns, financial specialist movement, and novel commerce models.
When was Tracxn founded?
It was established in 2013.
Who is the founder of Tracxn Corporation?
The founders are Abhishek Goyal and Neha Singh.
Who is the CEO of Tracxn Corporation?
The CEO at the moment is Neha Singh.
Who are the main competitors of Tracxn?
The Data City, Funderbeam, Harmonic, DueDash, and SourceScrub are some of Tracxn’s rivals.
Conclusion
With specialized coverage for more than 30 countries, Bengaluru-based Tracxn is one of the biggest platforms for following start-ups and private enterprises dispersed throughout over 800 developing themes and 300 technological areas. Combining artificial intelligence technology with human analysts, Tracxn can sift through billions of data points and provide one of the most pertinent data intelligence platforms. Several governments, universities, accelerators, and incubators use the Tracxn platform to monitor innovative businesses and industries.
