Tracxn Technologies Ltd (TRACXN) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

The company was incorporated in Bengaluru as ‘Tracxn Technologies Private Limited’ pursuant to a certificate of incorporation dated August 11, 2012 issued by the Registrar of Companies, Karnataka at Bengaluru (the “RoC”). Thereafter, pursuant to the conversion of the Company to a public limited company, the name of the Company was changed to ‘Tracxn Technologies Limited’, and a fresh certificate of incorporation dated July 28, 2021 was issued to the Company by the RoC.

Tracxn Technologies is among the leading global market intelligence providers for private company data and rank among the top five players globally in terms of number of companies profiled offering data of private market companies across sectors and geographies. It has one of the largest coverage of private companies in emerging technology sectors including IoT, artificial intelligence, virtual reality, robotics, blockchain and electric vehicles. It has an asset light business model and operate a Software as a Service (SaaS)-based platform, Tracxn, that scanned over 662 million web domains, and profiled over 1.84 million entities across 2,003 Feeds categorized across industries, sectors, subsectors, geographies, affiliations and networks globally, as of June 30, 2022. Its platform has 3,271 Users across 1,139 Customer Accounts in over 58 countries, as of June 30, 2022. The company’s Customers include a number of Fortune 500 companies and/or their affiliates.

The company offers customers private company data for deal sourcing, identifying M&A targets, deal diligence, analysis and tracking emerging themes across industries and markets, among other uses, through its subscription-based platform, Tracxn. It launched its platform in Fiscal 2015 with a particular focus on the global emerging technology sector, providing users with detailed profiles of companies including detailed information of funding rounds and acquisition related information, taxonomy and market maps, global competitor benchmarking, financial information, valuation and capitalization tables, employee count, investor profiles, competitor mapping, information about founders, key team and board member, company and sector specific reports and news events. It has since then expanded its coverage to include 18 data modules and over 1.84 million entities, as of June 30, 2022. Its extensive global database of entities coupled with customized solutions and features allows customers to source and track companies across sectors and geographies to address their requirements. It is among the few private market data service providers in the world to have a proprietary taxonomy for technology sector companies and prepare market maps.

Business area of the company

The company offers customers private company data for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other uses, through its subscription-based platform. The company follows an asset-light business model and operates a software-as-a-service (SaaS) based platform.

Awards, accreditations or recognitions:

• 2016: Recognised as being rank 1 amidst five-year old start-ups, in a feature on the ‘Coolest Start-ups’ by the Business Today magazine.
  
• 2021: Silver Globe Award in Company Response of the Year at the 2021 Golden Bridge Business and Innovation Awards.
  
• 2021: Gold Globee Award in Company Work-From-Home Implementation of the Year Creative Ways Companies Are Implementing Work from Home Strategy During COVID-19 at the 2021 IT World Awards.
  

Major events and milestones:

• 2013: Issue of an aggregate of 107,244 Equity Shares to our Angel Investors, including Sachin Bansal, Binny Bansal and Sahil Barua, among others.
  
• 2015 First institutional fund-raising activity by the Company, comprising an issue of 100 Equity Shares and 317,262 Series A CCPS to Elevation Capital.
  
• 2016: Issue of an aggregate of 74,825 Series A2 CCPS to Ratan N. Tata and Rathnagirish Mathrubootham, among others.
  
• 2016: Launched a funding database, ‘Soonicorn Club’, investors database and news features and the application programming interface on the company’s platform.
  
• 2016: Issue of an aggregate of 156,423 Series A4 CCPS to Elevation Capital, Accel India IV (Mauritius) Limited, SCI Investments V and Seabright II Limited, among others
  
• 2017: Issue of an aggregate of 20,707 Series B1 CCPS to Elevation Capital, Accel India IV (Mauritius) Limited, WGG International Limited and Seabright II Limited.
  
• 2017: Launched ‘Tracxn Score’, reports and live chat features on the company’s platform.
  
• 2018: Launched personalised dashboards on the company’s platform.
  
• 2019: Issue of 70,872 Series B2 CCPS to KB Global Platform Fund.
  
• 2019: Launched a portfolio tracker and an acquisitions database on the company’s platform.
  
• 2020: Launched advanced search within the company’s platform.
  
• 2020: Launched a collection of sector-based newsletters on the company’s platform.
  
• 2021: Crossed customers in over 50 countries.
  
• 2022: Crossed customers in over 58 countries.