SAIF Partners has 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 startups 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 earlier raised angel funding from Flipkart founders
“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 Neha Singh, co-founder Tracxn.