Analytics Firm Tracxn Set To File For IPO, Company’s Largest Investor Elevation Capital To Seek Exit
- ByAyushi Ray | August 6, 2021
Analytics firm Tracxn set to file for IPO, company’s largest investor Elevation capital to seek exit.As per the regulatory filings, Tracxn has been converted into a public company — which is considered as a precursor for raising capital through an IPO. When Tracxn had drawn funds from top-tier investors including KG Global Platform Fund in 2019, its valuation was stated as $78 million.
Tracxn was, notably, founded by Neha Singh and Abhishek Goyal as an intelligence and market research platform. It has, over the past nine years, emerged as a global platform for private market investors and corporates to track innovative companies across more than 300 tech sectors and over 1,100 trending themes in around 30 countries. If Tracxn ends up filing for an IPO, it would join the long list of startups who have been raising money through public offering since the start of this fiscal. After the successful debut of Zomato on Dalal Street, next in the line-up include Nykaa, PolicyBazaar and Paytm.
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