Through the use of technology and data-driven insights, Neha Singh, co-founder and CEO of Tracxn, has established a place for himself in the private market intelligence industry. Having completed her engineering studies at IIT Bombay and worked professionally at Sequoia Capital and BCG, she had always dreamed of starting her own business.
“I was always drawn to coming up with solutions, even though I came from a household that valued education. The desire to solve the dearth of easily accessible private market data drove her to pursue entrepreneurship, she said.
Tracxn was founded in 2013 in reaction to the difficulties that Neha and her co-founder, Abhishek Goyal, faced while working as investors at Accel Partners and Sequoia, respectively. “We recognized a chance to use technology to organize private market data, which was at the time quite dispersed,” she said.
Since then, the platform has developed into a full-fledged intelligence service that tracks more than four million entities in more than 50 countries and serves more than 850 clients, including Fortune 500 corporations, top venture capital firms, and PE firms.
Tracxn’s success has been fueled by its hybrid approach, which integrates AI-powered automation with expert human verification. “Our proprietary tech processes data through 2,900+ feeds, ensuring accuracy through a two-layer verification system,” Neha said. “This model has made Tracxn one of the top five global players in private company data coverage.”
“Building Tracxn from scratch was a major high, but in the early days, structuring vast amounts of unstructured data was daunting,” Neha recalled. Expanding into global markets, particularly the US, presented hurdles, but perseverance and innovation helped Tracxn scale successfully. The company raised approximately USD 16.5 million across funding rounds, with industry stalwarts like Ratan Tata and Flipkart founders investing early on.
Today, Tracxn is driving innovation by integrating generative AI to enhance efficiency and scalability. “The private market is expanding, and we are focused on transforming fragmented information into actionable intelligence,” she noted. With India emerging as a global data hub, Neha envisions Tracxn becoming a world-class platform that leverages the country’s deep tech expertise.
Neha is a fervent supporter of gender diversity and is proud of Tracxn’s diverse workforce. She emphasized that of the 720 team members, 44% are gifted women who are essential to our development. Tracxn’s story demonstrates the strength of resiliency, vision, and data-driven innovation in influencing the direction of private market intelligence, as evidenced by its FY24 revenue of INR 82.8 crore.
Facts:
- Founded: 2012
- Primary Revenue Source: Own Website
- Sales Mode: 100% Online
- Team Size: 720 (56% Male, 44% Female as of Mar 31, 2024)
- Revenue (FY24): INR 82.8 Cr from operations
