Tracxn Technologies Limited IPO

Tracxn Technologies Limited is a leading global market intelligence providers for private company data and it is ranked among the top five players globally in terms of number of companies profiled offering data of private market companies across sectors and geographies, according to it red herring prospectus.

The company has one of the largest coverage of private companies in emerging technology sectors including Internet of Things, artificial intelligence, virtual reality, robotics, blockchain and electric vehicles.

The company has an asset light business model and operates a Software as a Service-based platform, Tracxn, that scanned over 662 million web domains, and profiled over 1.84 million entities across 2,003 feeds categorized across industries, sectors, subsectors, geographies, affiliations and networks globally, as of June 30, 2022.

Tracxn platform has 3,271 users across 1,139 customer accounts in over 58 countries, as of June 30, 2022. The customer accounts have increased at a CAGR of 30.42% from 642 customer accounts since financial year 2020. The customers include a number of Fortune 500 companies and/or their affiliates.

Tracxn platform uses an in-house developed algorithm based on a combination of technology and human analysts, to process vast amounts of data, create profiles and provide market intelligence on private market companies. The platform includes multiple work-flow tools such as a customizable customer relationship management (“CRM”) tool integrated with the company’s database allowing for better deal management.