Tracxn Technologies Limited

Tracxn Technologies Limited, incorporated in 2012 and headquartered in Bengaluru, operates a subscription based market intelligence platform for private company data. The platform is built for professionals such as venture capital and private equity investors, corporate development teams and consultants who need to source deals, track competitors, and study emerging technology themes. Its database profiles well over a million private companies and start ups, organized across thousands of sectors, sub sectors and geographies, drawing on scans of hundreds of millions of web domains to keep the information current. Since launching its platform around 2013, the company has built a global customer base spanning several thousand user seats across hundreds of institutional accounts in more than fifty countries, ranking among the small group of platforms operating at this scale for private market data. Revenue has been volatile across the years leading up to listing, reflecting swings in large enterprise contracts, though the most recent quarter before the offer showed a return to profitability. The company positions itself around its scale of coverage and the breadth of its taxonomy of sectors and themes, which it uses to help clients spot and evaluate private companies earlier than they otherwise could. Growth going forward depends on expanding enterprise adoption of its subscription plans and on maintaining the currency and depth of its database as new private companies and sectors emerge.

Ahead of the offer, the company raised about Rs 139.22 crore from anchor investors including Nippon Life India, ICICI Prudential and India Acorn Fund, with shares allotted at the issue's upper price band of Rs 80 per share.