Ratan Tata invests in Bengaluru-based startup Tracxn

BANGALORE: Ratan Tata has invested in Bengaluru-based startup intelligence platform Tracxn. Investment amonut was not disclosed.

Earlier Tracxn had raised angel funding from Flipkart’s cofounders Sachin and Binny Bansal, Delhivery’s CEO Sahil Barua and $3.5 million in series-A funding from SAIF Partners.

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

Tracxn’s clients include venture capital funds, private equity firms and corporate-development teams who use it to spot investment, merger and strategic partnership opportunities in different sectors. Tracxn has increased the number of analysts exclusively tracking startups from 25 to 125 in less than 12 months.