Startup data analytics provider Tracxn Technologies Pvt. Ltd has launched an Internet platform called TracxnSecondary, to help early investors in mature start-ups sell their shares by connecting them to venture capital (VC) firms and other institutional investors.
Neha and Abhishek, Founders, Tracxn Labs
Besides providing early stage investors more exit options, TracxnSecondary will also help investors to access highly investable areas across geographies, thereby making secondary market transactions easier. Abhishek Goyal, Founder, Tracxn, said, “We work closely with more than 200 funds globally. There is a huge interest in investing in startups from emerging markets, and in buying secondary stocks. We aim to bridge this gap through TracxnSecondary – and help them connect with early angels.”
Tracxn was started in 2013 by former investors Neha Singh (ex-Sequoia Capital) and Abhishek Goyal (ex-Accel Partners). Tracxn is a market research company that tracks over 100+ sectors including enterprise infrastructure, enterprise applications, technology, consumer, mobile, digital marketing, health, education. The company’s current clients include venture capital funds, private equity firms and corporate development teams who use Tracxn’s data for deal discovery i.e. to spot investment, merger and strategic partnership opportunities in different sectors.
The company has raised angel funding from investors including the founders of Flipkart, Sachin Bansal and Binny Bansal, Nandan Nilekani, Mohandas Pai, Whatsapp’s Neeraj Arora and Junglee Co-Founder Anand Rajaraman, as well as, $3.5M in Series-A from SAIF Partners. It is also backed by Ratan Tata.