Top industrialist Ratan Tata, Chairman Emeritus of Tata Sons has made his second investment of an undisclosed amount in Tracxn, a startup intelligence and market research platform.
The market research platform was started in 2013, by ex-investors Neha Singh (ex-Sequoia Capital) and Abhishek Goyal (ex-Accel Partners). The company leverages intelligent data analytics and a sector-focused analyst team to help venture global capital funds, private equity firms, corporate development and strategy teams track the dynamic start-up market and identify interesting investable companies and upcoming sectors.
“At Tracxn, we are building a largestart-up intelligence platform to help investors and companies stay on top of all start-up activity”, Neha Singh said in a statement.
After this investment, Ratan Tata now has more than a dozen start-ups that he has invested in. A few of the other companies are Ola, UrbanClap, Paytm etc.
The company had earlier raised a funding of $3.5 million from SAIF Partners in April 2015. Tracxn’s client base has seen a 400 percent increase over the last one year. “Today, we work with over 300 customers across 20 countries. As we expand across geographies, Mr. Tata’s unconventional ways of building large companies with high diversity will be very useful”, Abhishek Goyal told The Press Trust of India.