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SAIF Partners invests in startup research platform

Escrito por Redacción TNI el 12/05/2015 a las 23:18:26
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SAIF Partners, the leading venture capital firm with over $4B under management announced an investment of $3.5 million in Tracxn, a research platform for private market investors. Tracxn aims to use the funds towards building the largest team of analysts tracking start-ups globally. At present, the platform has a team of 30 analysts which it targets to expand to 150 people by the end of the year.

 

Tracxn captures all digital footprints about start-ups and combines it with human curation to provide an information platform for private market investors and decision makers. They consider it to be Gartner for startups information. Just like Gartner provides rich research for the IT sector, Tracxn is building a similar platform for the startup eco-system. “Our primary customers are VC, PE and Corp Dev. For instance if you want to look at sectors like “Smart Home”, “Sharing Economies” or “Industrial Robotics” for investment, M&A or strategic partnership purposes, we are probably the most comprehensive resource available today” says Singh, co-founder Tracxn.

 

Speaking on the investment, SAIF Partners spokesperson Mukul Singhal said, “We are pleased to associate with a one-of-its-kind platform such as Tracxn. It addresses a crucial pain point of information and connection in the start-up eco-system and therefore holds tremendous potential. Additionally, the stellar team behind Tracxn ensures immense promise for its rapid expansion and scalability.”

 

Tracxn co-founder Neha Singh said, “Today, understanding any space in the private market and connecting start-ups and investors is very inefficient. Today if an investor has a thesis around “Robotics” and wants to understand what plays exist in the market, which companies are innovating the each segment, none of the existing databases can solve this. The way we have solved it is that we have set up a dedicated Analyst for tracking this sector. He tracks all companies coming up in that sector, identifies the segments companies are innovating in and analyses the trends in what entrepreneurs are doing within Robotics. So now, essentially and investor can get upto-speed on a sector like “Robotics” within just a couple of hours. We want to bridge this information and connect gap”.