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Tracxn raises fresh funding from Nandan Nilekani, Mohandas Pai, Neeraj Arora & Anand Rajaraman

Tracxn tracks over 100 sectors including enterprise infrastructure, enterprise applications, tech, consumer, mobile, digital marketing, health, and education.

, ET Bureau|
Updated: Feb 18, 2016, 01.01 PM IST
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Tracxn tracks over 100 sectors including enterprise infrastructure, enterprise applications, tech, consumer, mobile, digital marketing, health, and education.
Tracxn tracks over 100 sectors including enterprise infrastructure, enterprise applications, tech, consumer, mobile, digital marketing, health, and education.
BENGALURU: Startup research platform Tracxn has raised a new round of angel funding from former UIDAI chairman Nandan Nilekani and former Infosys CFO Mohandas Pai, along with WhatsApp’s Neeraj Arora and Junglee Cofounder Anand Rajaraman. The startup said that the new set of investors will help it sell to more global corporations as compared primarily to investors, as it becomes an enterprise software company.

Founded in 2013 by former VC investors Neha Singh (ex-Sequoia Capital) and Abhishek Goyal (ex-Accel Partners), Tracxn tracks over 100 sectors including enterprise infrastructure, enterprise applications, tech, consumer, mobile, digital marketing, health, and education.

Tracxn covers startups across major ecosystems 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 round also includes investment from Japanese ecommerce firm founder Teru Sato, customer support software maker Freshdesk founder Girish Mathrubootham and software maker Capillary founder Aneesh Reddy.

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.

The firm also runs an angel invest fund, Tracxn Labs, and an angel investment group called Tracxn Syndicate which coinvests with the former. This competes with Let’s Venture, another fundraising platform backed by Tata, Mathrubootham, Nilekani and Pai.

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