Tracxn Technologies Limited – the leading global market intelligence provider for private company data is planning to raise INR 309 via IPO [Fresh Issue NIL + OFS 309 Cr]
tracxn technologies ipo date – 10 to 12 October 2022
Tracxn Technologies: Company Details
Founded in the year 2013, Tracxn Technologies provides “market intelligence data” for private companies and it ranks among the top 5 players globally in terms of the number of companies profiled offering data of private market companies across sectors and geographies (F & S Report).
Tracxn Technologies: Business
Tracxn Technologies offers customers “private company data” for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets through its subscription-based platform “Tracxn”
The Company has one of the largest coverage of private companies in emerging technology sectors including artificial intelligence (AI), internet of things (IoT), blockchain and electric vehicles, virtual reality, and robotics (F & S Report)
The Company follows an “asset light business model” and operates the “Software as a Service” (SaaS) platform “Tracxn” that scanned over 550 million web domains, and profiled over 1.4 million entities across 1,805 feeds categorized across industries, sectors, sub-sectors, geographies, affiliations, and networks globally.
Client List
The company has 3,271 active users across 1,139 Customer Accounts in over 58 countries, as of June 30, 2022, and its clients include several “Fortune 500 Companies” and/or their affiliates.
Strategies Ahead
- Continue to grow the account base
- Expand share of revenues among existing customers
- Continue to grow the platform to offer additional services
- Capitalize on industry opportunities to expand coverage of our clients
- Expand into adjacent customer segments
- Expand operations through inorganic growth channels
Promoters
- Neha Singh
- Abhishek Goyal
Both promoters have significant experience in the software and technology sectors and are involved in the company’s day-to-day operations.
Before finding “Tracxnplatform” they have been associated with venture capital firms such as Accel Partners and Sequoia Capital and therefore.
Book Running Lead Managers
IIFL Securities Limited
IPO Details – Price, Minimum Bid and Other
Financials
Conclusion
Considering the company’s financial parameters, FinBlab recommends AVOID ratings (for the time being) on Tracxn Technologies Limited IPO
Also Read: Krishna Institute of Medical Sciences – Value Pick Stock OCTOBER 2022
Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.