The private market is experiencing rapid growth, fueled by an influx of investors and increased capital allocation, reflecting growing interest in startups, venture capital, and private equity. However, despite this expansion, technology adoption in the private market still lags that of public markets. To address this gap and create a ‘Bloomberg for private markets’ from India for a global audience, Tracxn Technologies was founded in 2013, to provide a comprehensive data platform for the private market sector.
Speaking exclusively to ET EDGE INSIGHTS, Neha Singh, Co-Founder and CEO of Tracxn shared her insights on the organization’s journey towards becoming a leading force in the data intelligence industry. She also emphasized the importance of a solutions-focused mindset, building diverse teams, and maintaining resilience through the entrepreneurial journey, recognizing that long-term success requires patience and adaptability.
Can you outline Tracxn’s growth journey and explain how it has become a leading force in the data intelligence industry?
The concept of Tracxn emerged during my tenure as a private market investor at Sequoia Capital, where I spent considerable time gathering and organizing information for investments. I wasn’t alone in this challenge; my co-founder, Abhishek, faced similar difficulties at Accel Partners. Our computer science background led us to believe that technology could solve this problem.
We noticed a stark contrast between public and private market investors. Public market investors had access to sophisticated platforms, while private market investors lacked comparable solutions, despite the space’s rapid growth. This disparity presented a substantial opportunity.
In 2012, while attending Stanford Business School, we began developing Tracxn. Lightspeed’s summer fellowship program helped us refine our initial product. We launched Tracxn in 2013, initially serving US investors before expanding globally.
Today, Tracxn is a leading market intelligence platform, serving customers across 50+ countries and tracking over 3 million entities worldwide. Our platform streamlines deal sourcing, M&A targeting, due diligence, and market analysis for investors and corporations. By providing a comprehensive database with specialized tools, we’ve made private market investing more efficient and data-driven.
I’ve essentially created what I wished I had as an investor – a robust solution that addresses the challenges I once faced.
What inspired you to establish Tracxn, and how did your time at Sequoia shape your approach to tackling the challenges of sourcing dependable market data?
In 2012, my co-founder and I were then working at Accel Partners and Sequoia Capital, respectively, and identified a significant challenge in data discovery around start-ups, particularly in India. The internet economy was still nascent, and venture capital and private equity firms struggled to find reliable inform