Tuesday, March 19

Nandan Nilekani, Mohandas Pai Invests in Tracxn

BENGALURU:  Founded in 2013 by Neha Singh (ex-Sequoia Capital) and Abhishek Goyal (ex-Accel Partners), Tracxn a startup research platform has raised a new round of angel funding from Nandan Nilekani, Mohandas Pai, Neeraj Arora and Junglee Cofounder Anand Rajaraman.

Tracxn had earlier raised funding from Ratan Tata, Flipkart’s Sachin and Binny Bansal and Delhivery cofounder Sahil Barua besides a $3.5 million series-A round from venture capital firm SAIF Partners.

Tracxn have database over 100 sectors including enterprise infrastructure, enterprise applications, tech, consumer, mobile, digital marketing, health, and education across major countries like the US, India, China and Southeast Asia

The company grew its customer base by over 400% in the last year with client base including BMW, LG, Qihoo, VMWare, Target, Vodafone, Bosch etc, in addition to Venture Funds like Andreessen Horowitz, NEA, and Lightspeed.

While it started by selling primarily to venture capital firms, majority of Tracxn’s clients are now companies. ‘Innovation is something which is key to track for these companies now,” said Goyal.

The firm also runs an angel invest fund, Tracxn Labs, and an angel investment group called Tracxn Syndicate.