Tracxn a data analytics based startup has secured funding from Ratan Tata. The amount has not been disclosed.
Started in May 2013, by Goyal and Neha Singh, Tracxn has increased its customer base and team. As per the recent report, Tacxn connected 9295 startups to the investors.
Tracxn provides information on start-ups to over 6,000 clients across India, the US, the Middle East, South-East Asia and Europe, and claims to sign up at least one new client every day.
“We belong to a generation whose formative years were spent observing Mr Tata’s way of building companies. So, when we saw he was investing in start-ups, we reached out to him,” said Goyal.
“There are about 1 lakh funded companies. But there is a universe of about 1 million companies who are unfunded. We organize that information as well from whatever online footprint they leave”.
According to documents filed with the registrar of Companies, Tracxn posted revenue of Rs.2.31 crore for the year ended 31 March 2015, up from Rs.9.78 lakh in the previous year.