18 February, 2016, Bangalore: Tracxn, data analytics startup has managed to secure funding from some of the hulks of the industry such as former UIDAI chairman Nandan Nilekani, Aarin Capital co-founder Mohandas Pai, WhatsApp vice-president Neeraj Arora and Junglee co-founder Anand Rajaraman, among others.
Though the investment amount is not yet disclosed by the company, but it plans to utilise the amount in its further investment. Tracxn Technologies Pvt. Ltd. ventured into the market in 2013. The company deals in identifying the business trends that help in planning the investment of global venture capital (VC) firms, private equity groups and corporate strategy teams. Since its inception, the company has raised US $3.5 million from the investors such as Flipkart founders Sachin Bansal and Binny Bansal; Sahil Barua, co-founder of e-commerce logistics firm Delhivery, VC firm SAIF Partners, and an undisclosed amount from Ratan Tata, chairman emeritus of Tata Sons Ltd. The company is a brain child of Abhishek Goyal and Neha Singh.
Speaking about the funding, Neha Singh said, “Investors were our early adopters. But today, large enterprises are our biggest as well as the fastest growing customer segment. We work with enterprises and investors across over 20 countries. As we expand our footprint, we look forward to learn from people who have scaled large businesses globally.”