IIFL Securities Ltd (Past IPO Performance)
Tracxn Technologies (Tracxn) is one among the leading market intelligence providers for private company data across sectors and geographies. It has one of the largest coverages of private companies in emerging technology sectors including IoT, Artificial Intelligence, Virtual reality, Robotics, Blockchain and Electric vehicles (Source: F&S Report).
Tracxn has an asset light business model and operate a Software as a Service (SaaS)-based platform. Tracxn has scanned over 662 million web domains and profiled over 1.84 million entities across 2,003 feeds categorized across industries, sectors, sub-sectors, geographies, affiliations, and networks globally, as of June 30, 2022. The company’s platform has 3,271users across 1,139 customer accounts in over 58 countries, as of June 30, 2022. Tracxn offers customers private company data for deal sourcing, identifying M&A targets, deal diligence, analysis and tracking emerging themes across industries and markets, among other uses, through its subscription-based platform, Tracxn. The company is promoted by Ms Neha Singh and Mr Abhishek Goyal. Ms Neha Singh holds an MTech from IIT Bombay and a MBA from Stanford Graduate School of Business. Post pursing her graduation she worked as an associate in Boston Consulting group and as an investment analyst in Sequoia Capital. Mr Abhishek Goyal has a B Tech (Computer Science) from IIT Kanpur. He has worked in various positions in companies including yahoo, Andale, Amazon and Accel Partners. He also founded UrbanTouch.com before Tracxn Technologies
For year/ period ended ( in Cr.)
|Profit After Tax||(4.85)||(5.35)||(54.03)|
Tracxn has posted annual losses till the last fiscals. Based on FY23-Q1 earnings, the issue is greedily priced discounting all near-term positives. This being a pure long-term bet.