Curated By: Business Desk
Last Updated: September 29, 2023, 13:38 IST
Tracxn is often dubbed the Bloomberg of private businesses.
Tracxn started out as a startup database but now records more than 5,00,000 companies across 250 industries internationally.
The term “couple goals” is quite popular among the young generation today but for the ones yearning to be entrepreneurs, there are probably no bigger couple goals than what Abhishek Goyal and his wife Neha Singh, founder of Tracxn have to offer. The couple have worked shoulder to shoulder, supporting the other’s decision to quit their job and start one of the country’s most successful data tracking platforms together.
Tracxn, a data analytics startup founded by Neha Singh and Abhishek Goyal, is often dubbed the Bloomberg of private businesses. It started out as a startup database but now records more than 500,000 companies across 250 industries internationally. The couple married in 2016 but they knew each other from way earlier.
The decision by Singh and Goyal to leave their lucrative positions in 2013 and found the data analytics business Tracxn baffled their parents. They were both in venture capital firms and in their own words, bumped into each other since the VC business is small. They interacted and realised they both shared similar entrepreneurial dreams.
With the help of angel investors like Delhivery co-founder Sahil Barua and Flipkart founders Sachin and Binny Bansal, the pair were able to secure Rs 1 crore in seed money. However, until Ratan Tata invested an undisclosed sum in the firm in 2016, the same year they were married, their parents remained unconvinced. As soon as Ratan Tata lent his hand to Tracxn, the motivation of Neha and Abhishek increased and the company reached new heights.
In 2022, Tracxn recorded a total revenue of more than $10 million, which is more than Rs 83 crore in Indian currency making their company valuation more than Rs 100 crore. According to a DNA report, it is estimated that the total wealth of Neha Singh and Abhishek Goyal is more than Rs 26 crore.
While the market anticipates companies to have an Accounting Rate of return (ARR) between $100 million and $200 million, Tracxn has set a new standard for Indian startups by filing for an IPO at under $10 million ARR.
