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Tracxn Technologies files IPO papers with Sebi


Personal market intelligence platform Tracxn Technologies has filed draft papers with markets regulator Sebi to boost funds via an initial public offering (IPO). The preliminary share sale might be a suggestion on the market (OFS) of 38,672,208 fairness shares by promoter and investor promoting shareholders, in line with the draft purple herring prospectus (DRHP).

The OFS will see the sale of as much as 76.62 lakh shares every by promoters– Neha Singh and Abhishek Goyal– as much as 12.63 lakh shares every by Flipkart founders — Binny Bansal and Sachin Bansal– as much as 1.09 crore shares by Elevation Capital, as much as 40.2 lakh shares by Accel India IV Mauritius, and 21.81 lakh shares by SCI Investments V amongst others.

The Bengaluru headquartered firm operates on a software program as a service-based (SaaS) mannequin and is among the many main market intelligence suppliers for personal firm information.

It’s a complete B2B data platform that identifies, tracks and analyses non-public market corporations and startups on deal sourcing, deal diligence and has the biggest international protection in rising expertise sectors similar to synthetic intelligence, digital actuality, robotics, and blockchain.

Tracxn was launched in 2015 by Neha Singh and Abhishek Goyal, first-generation entrepreneurs, who each have had their stints as enterprise capitalists at Sequoia and Accel Companions respectively.

The corporate now tracks over 1.4 million non-public corporations and works with 855 subscription clients throughout 50 nations and its clients embrace non-public market investors– enterprise capital, non-public fairness funds, and huge corporates.

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