Tracxn Technologies Limited , a global private market intelligence SaaS platform, has announced significant growth and upcoming investor meetings, showcasing its strong position in the market. The company aims to accelerate its Software-as-a-Service (SaaS) driven growth through multiple strategic initiatives.

Strategic Growth Initiatives

Tracxn Technologies plans to:

• Deepen its global customer base
• Scale its data intelligence offerings
• Capitalize on artificial intelligence-led opportunities within private market analytics

Investor Meetings and Platform Statistics

Tracxn Technologies has scheduled meetings with analysts and institutional investors for August 20 and 21. The company has prepared an investor presentation to showcase its performance and future prospects.

The company's platform boasts impressive statistics:

• 4.9 million+ entities profiled
• 965,000+ transactions covered
• 2,030 customer accounts
• 5,376 users

Financial Performance

Tracxn Technologies has demonstrated solid financial growth:

Strong Cash Position and Debt-Free Status

Tracxn Technologies maintains a robust financial position:

• ₹94.60 crore in cash and cash equivalents
• 25.70% year-over-year increase in cash reserves
• Operates on a debt-free business model

Global Reach and Customer Base

Tracxn Technologies serves venture capital firms, private equity firms, investment banks, and corporate M&A teams across more than 50 countries. The company's international presence is significant, with 60% of its revenue coming from outside India.

Recent Developments

Tracxn Technologies' Nomination and Remuneration Committee approved the allotment of 194,346 equity shares under the TRACXN Employee Stock Option Plan 2016. This allotment was made to eligible grantees at an exercise price of ₹1 per equity share.

Following this allotment, Tracxn Technologies' paid-up share capital has increased:

• Previous paid-up share capital: 10,61,43,059 shares
• New paid-up share capital: 10,63,37,405 shares

Platform Enhancements and Data Coverage

Tracxn Technologies continues to expand its platform capabilities:

• Increased coverage of private company financials across 20+ countries
• Over 1.6 million companies with revenue data available
• More than 2.9 million companies with detailed financials on the platform
• Expanded coverage of private company cap tables across 15+ countries
• Launched a legal entities database with over 60 million entities across key geographies

The company is leveraging AI and automation to enhance its data production capabilities, resulting in expanded coverage and increased efficiency.

As Tracxn Technologies prepares for its upcoming investor meetings, the company appears well-positioned for continued growth in the global private market intelligence sector. Its strong financial performance, expanding platform capabilities, and global customer base demonstrate its commitment to providing valuable insights to investors and businesses worldwide.

Tracxn Technologies Limited, a leading provider of private market intelligence, has announced its financial results for the first quarter, showcasing revenue growth and a return to profitability.

Revenue and Profitability

The company reported revenue from operations of Rs 21.20 crore for Q1, marking a 3.2% increase from Rs 20.54 crore in the same quarter last year. Tracxn Technologies has successfully turned around its bottom line, posting a net profit of Rs 1.12 crore compared to a loss of Rs 7.58 crore in the previous quarter.

Key Financial Highlights

Operational Performance

Tracxn Technologies continues to operate in a single reportable segment of Platform Subscription. The company's focus on this core business has contributed to its improved financial performance.

Share Buyback Approval

During the quarter, the Board of Directors approved a buyback of equity shares in accordance with regulatory provisions. Shareholders passed a special resolution through postal ballot on July 3, approving the buyback. The company is currently in the process of completing this transaction.

Employee Stock Options

As of June 30, Tracxn Technologies had 4,132,803 ESOPs outstanding, reflecting the company's commitment to employee ownership and alignment with shareholder interests.

Management Commentary

Neha Singh, Managing Director of Tracxn Technologies, stated, "We are pleased with our Q1 results, which demonstrate our ability to drive revenue growth while improving profitability. Our focus on enhancing our platform and expanding our customer base continues to yield positive results."

Looking Ahead

With its return to profitability and ongoing strategic initiatives, Tracxn Technologies appears well-positioned for continued growth in the private market intelligence sector. Investors and stakeholders will be watching closely to see if the company can maintain this positive momentum in the coming quarters.

Note: All figures are in Indian Rupees (INR) unless otherwise stated.