Tracxn: A Remarkable Startup Born from Dreams and Determination
The story of Abhishek Goyal and Neha Singh, the power couple behind the remarkable success of Tracxn, is more than just an entrepreneurial journey; it’s a testament to what shared dreams and unwavering determination can achieve. Their bold decision to leave their cushy corporate jobs and embark on a mission to create a data analytics powerhouse serves as a shining example of what can happen when passion and persistence collide.
Genesis of a Data Giant
Tracxn, often hailed as the “Bloomberg of private businesses,” didn’t start as a behemoth. In 2013, Abhishek and Neha took the plunge and founded what was initially a startup database. Fast forward to today, and Tracxn is tracking over half a million companies across 250 sectors globally. That’s not just growth; it’s an explosion.
Power of Belief and Angel Investors
Not many parents would react kindly when their children, armed with promising careers, announce they’re going to quit their high-paying jobs and dive headfirst into the unpredictable world of entrepreneurship. Abhishek and Neha’s parents were no exception. However, their shared entrepreneurial spirit, fueled by the belief of visionary investors like Sahil Barua, Sachin Bansal, and Binny Bansal, turned the tide.
Turning Point: Ratan Tata’s Investment
But the real turning point in the tale came when Ratan Tata, the titan of the Indian business world, invested an undisclosed sum in Tracxn in 2016. This was more than just a financial boost; it was a validation of their vision and an endorsement from one of the most respected figures in Indian business.
A Growth Story Like No Other
By 2022, Tracxn had raked in over $10 million in revenue. To put it in perspective, that’s more than Rs 83 crore in Indian currency. With this remarkable performance, their company valuation soared to over Rs 100 crore. Abhishek Goyal and Neha Singh, who began their journey with dreams, determination, and a mere Rs 1 crore in seed money, now collectively possess a fortune estimated to be more than Rs 26 crore.
Setting New Standards
But what truly sets this dynamic duo apart is their courage to defy conventional norms. While the market typically expects companies to file for an IPO with an Accounting Rate of Return (ARR) between $100 million and $200 million, Tracxn has taken the industry by storm by making that leap at under $10 million ARR.
Abhishek Goyal and Neha Singh’s journey is a striking reminder that remarkable success can be achieved when determination, innovation, and shared dreams come together. Their story is not just an inspiration for aspiring entrepreneurs but also a testament to the potential for startups in India. It reiterates that with the right mix of passion and hard work, you can achieve extraordinary heights, rewriting the rules along the way.
