[the_ad id="83613"]
Tracxn

Sequoia-backed Tracxn raises $3 Mn at $78 Mn valuation

Tracxn

Startup intelligence and market research platform, Tracxn, is raising Rs 21 crore in a fresh round from KG Global Platform Fund.

The six-year-old firm has passed a board resolution on 26th August to raise the capital by issuing 70,872 Series B2 CCPS at price of Rs 2455.48 per share.

The fresh fund will be utilised to augment the long term financial resources of the company, reflects the RoC filing with MCA.

According to the filings, the post-money valuation of the startup will be around $78.75 million. It was valued at about $70 million when it raised last round in April 2018.

Former UIDAI chairman Nandan Nilekani, Junglee co-founder Anand Rajaraman, Mohandas Pai, and Neeraj Arora were the investors who participated in that undisclosed round last year.

Till date, Tracxn has raised about $16.5 million across six venture rounds.

Based out of Palo Alto and Bengaluru, Tracxn is the brainchild of Abhishek Goyal and Neha Singh, former VC investors at Accel Partners and Sequoia Capital, respectively.

The firm is currently working with enterprises and investors in India across the US and South-East Asia, and other countries. It essentially analyses sectors including enterprise applications, technology, consumer, mobile, digital marketing, health and education.

Backed by the likes of Sequoia Capital, SAIF Partners, Accel and Prime Venture Partners, Tracxn has also raised funds from prominent angel investors such as Ratan Tata, Sachin Bansal and Binny Bansal, Sahil Barua, and Girish Mathrubootham.

CB Insights, CrunchBase, Owler, Mattermark, Venture Scanner also gather data on startups, identify trends, and help venture capitalists, private equity investors and corporate development offices to track millions of companies globally. Tracxn directly competes with these firms.

About Author

Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >

©️ All rights reserved Bareback Media Pvt. Ltd.

Send Suggestions or Tips