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SAIF leads $3.5m Series A for India start-up tracker

  • Holden Mann
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Tracxn, an Indian data analytics firm that aims to be the "Gartner of start-ups," has raised a $3.5 million Series A round led by SAIF Partners.

The company, which researches and publishes data about start-ups in India, the US and Europe, will use the new funding to expand its research team, according to a Livemint story linked by SAIF. By the end of the year it plans to grow the team from 30 analysts to 150.

Tracxn was founded in 2013 by former Accel Partners associate Abhishek Goyal and former Sequoia Capital analyst Neha Singh. The company's customers are mainly venture capital and private equity investors, along with corporate development teams. It counts over 50 venture funds among its clients.

The company publishes a database of privately held companies in the regions it covers, with the goal of helping source investment, merger and acquisition opportunities. Tracxn differs from other start-up trackers in offering an overview of specific market sectors, in addition to the companies that operate in them.

SAIF, founded in 2001, manages over $4 billion in capital. The firm mainly invests in established companies, but has also funded early-stage businesses that show significant competitive advantages. Other investments in analytics include its participation with WestSummit in a $15.2 million round for social media tracker NetBase.

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