Top News

Ratan Tata invests undisclosed amount in Tracxn

  • Veteran industrialist Ratan Tata has invested an undisclosed amount
    in startup research platform Tracxn, the latter said in a statement.
  •  
  • Tracxn, started in 2013 by ex-investors Neha Singh and Abhishek
    Goyal, leverages data analytics to help venture capital funds, private equity
    firms, and strategy teams globally track the startup market, and identify

    • Veteran industrialist Ratan Tata has invested an undisclosed amount
      in startup research platform Tracxn, the latter said in a statement.
    •  
    • Tracxn, started in 2013 by ex-investors Neha Singh and Abhishek
      Goyal, leverages data analytics to help venture capital funds, private equity
      firms, and strategy teams globally track the startup market, and identify
      interesting investable companies.
    •  
    • “At Tracxn, we are building a large startup intelligence
      platform to help investors and companies stay on top on all startup
      activity,” Chief Executive Neha Singh said.
    •  
    • Through this investment, Tracxn joins a list of more than a dozen
      startups which are part of Ratan Tata’s portfolio. Prior to Tracxn, the
      Chairman Emeritus of Tata Sons had invested in the likes of Snapdeal, Ola Cabs,
      Paytm, and UrbanClap, among others.
    •  
    • Tracxn had earlier raised $3.5 million from SAIF Partners in April
      2015.
    •  
    • Tracxn’s client base has seen a “400 percent increase” over the last
      one year, and its clientele includes names like Andreessen Horowitz, Sequoia,
      SoftBank, Google Capital, VMWare, GE and LG, the company said.
    •  
    • “Today, we work with over 300 customers across 20 countries. As
      we rapidly expand across geographies, Mr Tata’s unconventional ways of building
      large companies with high diversity will be very useful,” co-founder
      Abhishek Goyal said.

     

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close