Ratan Tata has invested an undisclosed amount in Bengaluru-based startup intelligence platform Tracxn.
Tracxn, an intelligence based platform becomes the 21st startup in which received financial backing form Tata since 2014. Just few days back, Tata invested in Gurgaon-based online platform for pet products, DogSpot.
Founded in 2013 by Accel alumni Abhishek Goyal and Neha Singh, Tracxn helps VCs and private companies, looking for good startups to invest in, by providing a database covering over 20 Million companies.
"Ratan Tata is a trusted household name & his way of building things has played a critical role in how our thoughts shaped up in early days of our lives," said Goyal on the funding received by Tata. "As we rapidly expand across geographies, his unconventional ways of building large companies with high diversity will be very useful."
The startup claims to provide information on startups across 100 sectors to over 6,000 clients across India, the US, the Middle East, South-East Asia and Europe.
In April 2015, the company has raised angel funding from Flipkart's co-founders Sachin and Binny Bansal, Delhivery's CEO Sahil Barua and $3.5 million in series-A funding from SAIF Partners.
In less than 12 moths, the company increased the number of analysts exclusively tracking startups from 25 to 125. The company said its client base has also seen a 400 per cent increase to over 300 customers across 20 countries in the same period.
Tracxn's clients include Andreessen Horowitz, Sequoia, SoftBank, Google Capital, VMWare, GE and LG are prominent clients of Tracxn.
BW Reporters
The author is Senior Correspondent with BW Businessworld
