Home
Internet
Internet News
Ratan Tata Invests Undisclosed Amount in Tracxn

Ratan Tata Invests Undisclosed Amount in Tracxn

By Press Trust of India | Updated: 6 January 2016 19:33 IST

Click Here to Add Gadgets360 As A Trusted Source

Top industrialist Ratan Tata has invested an undisclosed amount in startup research platform Tracxn, the latter said.

Tracxn was started in 2013 by ex-investors Neha Singh and Abhishek Goyal.

It 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," its chief executive Neha Singh said in a statement.

Through this investment, Tracxn joins a list of more than a dozen startups which are part of Ratan Tata's portfolio.

(Also see: Ratan Tata's 2015 Startup List)

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 (roughly Rs. 23.4 crores) from SAIF Partners in April 2015.

The firm has increased its analysts team size from 25 to 125 in less than 12 months.

Tracxn's client base has also seen a 400 percent increase over the last one year, and its clientele includes marquee 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," the startup's co-founder Abhishek Goyal said.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.