Tracxn Technologies Limited has informed the Exchange about Investor Presentation
Email: investor.relations@tracxn.com Ph: +91 90360 90116 Website: www.tracxn.com
November 05, 2025
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 543638
Dear Sir/Madam,
To, National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 Scrip Code: TRACXN
Sub: Intimation of Investor Presentation for the quarter ended September 30, 2025.
This is in continuation to our letter dated October 30, 2025 wherein we had informed regarding an Earnings Call scheduled with Analysts / Investors on Wednesday, November 05, 2025 at 2.00 P.M. (IST) to discuss the Un-Audited Financial Results for the quarter ended September 30, 2025.
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Investor Presentation for the said Earnings Call.
This is for your information and records.
Thanking You.
Yours faithfully, For Tracxn Technologies Limited
Megha Tibrewal Company Secretary and Compliance Officer Membership No: A39158
Encl. A/a
TRACXN TECHNOLOGIES LIMITED | CIN: L72200KA2012PLC065294 Registered Address: No. L-248, 2nd Floor, 17th Cross, Sector 6, HSR Layout, Bengaluru, Karnataka, 560102
Private Market Intelligence Platform
Q2 FY26 Investor Presentation
Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.
Disclaimer
By attending this presentation including the commentary by the Company management and the transcript of the same, together (“Presentation”) and/or accepting a copy of it, you agree to be bound by the foregoing limitations and conditions:
This Presentation is prepared by Tracxn Technologies Limited (“Company”) solely for information purposes and does not constitute an offer, solicitation, recommendation, or invitation to purchase or subscribe for any securities and shall not form the basis of or be relied on in connection with any contract or binding commitment whatsoever. This Presentation does not consider, nor does it provide any tax, legal, or investment advice or opinion regarding the specific investment objectives or financial situation of any person. This Presentation may not be copied, reproduced, summarised, disseminated, or redistributed to any other person in any manner whatsoever without the Company’s prior consent in each instance. This Presentation has not been and will not be reviewed or approved by any regulatory authority or by any stock exchange in India. No rights or obligations of whatsoever nature are created or shall be deemed to be created by the contents of this Presentation.
The Company, its affiliates, shareholders, directors, employees, or advisors do not make any representation or warranty, expressed or implied, and no undue reliance should be placed on the accuracy, fairness, or completeness of the information contained in this Presentation. The Company, nor any of its advisers or representatives accepts any liability whatsoever for any actual or consequential loss or damages howsoever arising from the provision or use of any information contained in this Presentation. The information contained in this Presentation should be considered in the context of the situations prevailing at the time when the Presentation was made and are to be read in conjunction with the company’s financial results, uploaded on the Stock Exchanges where the Company is listed. The Company expressly disclaims any obligation or undertaking to supplement, publicly amend or disseminate any updates or revisions to any information/statement contained in the Presentation to reflect any change in events, conditions, or circumstances including economic, regulatory, market, and other developments on which any such information is based.
This Presentation may contain, words or phrases that are forward-looking statements that involve risks and uncertainties and are based on certain beliefs, plans, and expectations of the Company. Although the Company believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met. Actual future performance, outcomes, and results may differ materially from those expressed in forward-looking statements because of several risks, uncertainties including but not limited to our ability to implement our strategy successfully, the market acceptance of and demand for our offering, technological changes, volatility in global capital markets, pandemic and international and domestic events having a bearing on the Company’s business. You must not place undue reliance on these forward-looking statements, which are based on the current views of the Company’s management.
The operating metrics reported in this Presentation are calculated using internal Company data based on the operational activities. While these numbers are based on what the Company believes to be reasonable estimates for the applicable period of measurement, there are inherent challenges in measuring across some operational metrics. The methodologies used to measure these metrics require considerable judgment and are also susceptible to an algorithm or other technical errors. The Company systematically reviews its processes for calculating these metrics from time to time and may discover inaccuracies in the metrics or may make adjustments to improve their accuracy, which can result in adjustments to previously disclosed metrics. In addition, the Company metrics may differ from estimates published by third parties due to differences in methodology.
To facilitate understanding, some non-GAAP metrics are used and financial amounts are converted from ₹ Lakhs into ₹ Crores for this Presentation hence, there could be some totalling anomalies in the numbers.
2
Tracxn Overview
Tracxn is a Data & Software platform for global Private Markets
We work with Venture Capital Firms, Private Equity Firms, Investment Banks - as well as M&A & Innovation teams of large Corporates
Global Platform, customers spanning 50+ countries
3
Q2 FY26 Financial Performance
4
Q2 FY26: Financial Performance Summary Continued growth in Volume
NS Comments (from script) -
For discussion.
-
Skip
REVENUE
PROFITABILITY
OTHER
Revenue from Operations
EBITDA (EBITDA Margin)
Customer Accounts (#)
21.2 Cr.
0.7% 0.2%
YoY QoQ
-0.6 Cr. (-3%)
1.5 Cr.YoY
2,143
41%
YoY
Total Income
PAT1 (PAT Margin1)
Deferred Revenue*
22.5 Cr.
1%
YoY
0.5 Cr. (2%) 1.2 Cr.YoY
34.9 Cr.
0%
YoY
In INR
Note: (1) PAT for Q2 FY26 is excluding deferred tax adjustments (*) Including proforma bills wherein invoice is to be raised after payment is received
5
H1 FY26: Financial Performance Summary Continued growth in Volume
REVENUE
PROFITABILITY
CASH
OTHER
Revenue from Operations
EBITDA (EBITDA Margin)
Free Cash Flow1
Customer Accounts (#)
42.4 Cr.
1.2%
YoY
-0.8 Cr. (-2%)
2.0 Cr.
YoY
1.6 Cr.
6.8 Cr.
YoY
2,143
41%
YoY
Total Income
PAT3 (PAT Margin3)
Cash & Cash Equivalent1,2
Deferred Revenue*
45.4 Cr.
1%
YoY
In INR
1.6 Cr.
(4%)
90.8 Cr.
1.4 Cr.
YoY
YoY
7% 5.7 Cr.
YoY
34.9 Cr.
0%
YoY
Note: (1) Free Cash Flow and Cash & Cash equiv. excludes tax amounts received from employees against ESOP exercise as on 30th Sep 2025 (2) Cash & Cash equiv. = Cash & Cash equiv., Investments & FDs as on 30th Sep 2025 (3) PAT for H1 FY26 is excluding deferred tax adjustments (*) Including proforma bills wherein invoice is to be raised after payment is received
6
NS Comments (from script) -
For discussion.
-
-
-
-
-
-
-
-
-
-
Q1 > revenue from
operations
H1 - This was 42.4Cr.
1.2% increase
Total Income was
45.4Cr - increase of 1%
Healthy volume growth -
–
–
By segment: India geo
grew by 16% while we
saw slight decline in
international.
–
FCF
Cash & Cash
H1 FY26: Revenue Growth
Revenue from Operations (in INR Cr.)
Historical Annual
18% CAGR
1%
Total Income (in INR Cr.)
Historical Annual
19% CAGR
1%
Note: (*) Total Income excludes Fair value gain/ (loss) on CCPS for FY21
7
H1 FY26: PAT Positive
EBITDA (in INR Cr.)
Historical Annual
PAT* (in INR Cr.)
Historical Annual
EBITDA Margin
Historical Annual
PAT Margin*
Historical Annual
Excluding non-cash ESOP expense this is 0.7 Cr. for H1FY26
Excluding non-cash items - ESOP exp. and deferred tax, this is 3.0 Cr. for H1FY26
Note: (*) Excluding Fair value gain/ (loss) on CCPS and adjustment to deferred tax provisions
8
Incremental Revenue going into Bottomline
Historical Annual:
H1FY26
FY 21
FY 22*
FY 23*
FY 24
FY 25
42.4
+0.5
(0.8)
(2.0)
-
43.8
+6.4
(17.1)
+5.4
63.5
+19.7
(1.9)
+15.1
78.1
+14.7
2.6
+4.5
82.8
+4.7
4.6
+2
84.5
+1.7
0.8
(3.8)
84%
77%
31%
43%
-
Revenue from operations
Incremental Revenue from Operations (Δ)
EBITDA
Incremental EBITDA (Δ)
Incremental EBITDA as a % of Incremental Revenue from Operations
(in INR Cr.)
Incremental revenue offset by increase in cost Investing aggressively across various growth initiatives
Note: (*) EBITDA exclusive of IPO Expenses
9
H1 FY26: Expense Breakup
Total Expense (in INR Cr.)
Historical Annual
6%
8% CAGR
Note: Salaries, Wages & Bonus includes statutory contributions like EPF
Total Expense - Breakup (for H1FY26) (in INR Cr.)
Employee Benefit Expenses
H1FY26
38.0 Cr.
Salaries, Wages & Bonus
35.6 Cr.
Employee Stock Option Expense
1.5 Cr.
Other Employee Benefit Expenses
0.9 Cr.
Depreciation Expense
Other Expenses
0.1 Cr.
5.2 Cr.
Cloud Hosting Charges
1.2 Cr.
Rent for Building
1.1 Cr.
Remaining Other Expenses
2.8 Cr.
Total Expenses
43.3 Cr.
% of Total Expense
87.8%
82.3%
3.4%
2.1%
0.2%
12.1%
2.9%
2.6%
6.6%
100%
● Bulk or 88% of total expense is emp. cost (89% in FY22, 88% in FY23, FY24 &
FY25)
● Cloud Hosting charges are the 2nd largest expense after emp. benefit expenses ● No large digital marketing spend for customer acquisition (since we are a data
company, we are able to use in-house content to generate organic traffic)
10
H1 FY26: Accelerated Volume Growth
Customer Accounts (#)
Historical Annual
41%
Users (#)
Historical Annual
44%
23% CAGR
21% CAGR
Note: Customer Accounts and Users are as on respective end of period.
11
Continued growth in accounts and users
H1 FY26: FCF and Cash & Cash Equiv.
FCF (Free Cash Flow)1 (in INR Cr.)
Historical Annual
Cash & Cash Equivalents1,2 (in INR Cr.) 90.8 Cr.
Added 5.7Cr. YoY
7% YoY
Net of buyback cash out-go in H1FY26
6.8 Cr.
Note: (1) Free Cash Flow and Cash & Cash equiv. excludes tax amounts received from employees against ESOP exercise as on the respective end of period (2) Cash & Cash equiv. = Cash & Cash equiv., Investments & FDs, Security Deposit towards listing in FY23 and FY24
12
H1 FY26: Split by Customer Type
Investment Industry (includes VC funds, PE funds, Investment Banks, CVCs, Accelerators & Incubators, Family Offices, etc)
49%
47%
Corporates (includes Corporate Innovation teams, Corporate Development / M&A teams, Strategy and Sales teams, Consulting firms, Startups, etc.)
Others (includes Educational Institutes, Government Agencies, Industry Bodies)
Healthy spread across Investment Industry and Corporates
Note: Based on customer accounts as at quarter end
13 13
Diverse Customer Base
Customer segments & departments that we work with, within the key customer types
Venture Capital
Private Equity
Family Offices
Corp Dev / M&A Teams
Corporate Innovation
Investment Banking
Companies
Government Agencies
Digital Transformation
Corporate Strategy
Accelerator & Incubators
Corporate Venture Capital
Consulting
Universities
Investment Industry
Corporate
Others
14
Global Customer Base
56% International revenue in H1FY26
Customers span over 50+ countries*
Top 5 countries by #customer accounts*: India, USA, UK, Singapore, Germany
International Revenue 56%
Indian Revenue
Note: (*) Based on customer accounts as on end of period
15
Private Markets - Quick snapshot (1/2)
Global Tech Funding (in USD Bn.)
India Tech Funding (in USD Bn.)
# Unicorns created globally
# Unicorns created in India
GLOBAL TECH FUNDING:
CY25 seeing improvement in global tech funding value
LATE-STAGE FUNDING: (proxy # new unicorn rounds)
CY25 run-rate shows continued recovery
Source: Internal Estimates
CY25 annualised numbers basis first 6 months
16
Private Markets - Quick snapshot (2/2) Recovery in Global M&A deal value and IB fees
Global M&A (in USD Tn.)
M&A advisory fees (in USD Bn.)
Source: Report on Global Mergers and Acquisitions Review and Report on Global Investment Banking Review
GLOBAL M&A:
Recovery in M&A value
CY25 run-rate shows continued recovery
IB M&A ADVISORY FEES:
CY25 run-rate shows continued recovery
17
Q2 FY26: Greenshoots (1/4) Continued high overall volume growth
Customer Accounts (#)
Customer Accounts - Net Addition
Volume growth continues to be high
Note:. Customer Accounts are as on respective end of period.
FY23
FY24
FY25
1818
Q2 FY26: Greenshoots (2/4) Accelerated India Growth due to vertical BU teams
India Geo - Q2FY26 Account & Revenue Growth
44% Revenue from India
16% YoY Rev. from India
50% YoY #Account
●
●
●
India BU growth continues to be robust
In Q2FY26, # India accounts grew by 50% YoY and revenue grew by 16% YoY
Primarily due to the growth initiatives mainly - launch of vertical BU teams
● We are in process of replicating this strategy
internationally and scaling the vertical teams to other key regions
19
Q2 FY26: Greenshoots (3/4) Volume growth starting in international customer segments as well
YoY Revenue Growth
YoY Account Growth
FY 24
FY 25
Q2FY26
FY 24
FY 25
Q2FY26
India
International
14%
2%
18%
-6%
16%
-11%
20%
-5%
65%
26%
50%
29%
In India, the volume growth accelerated from 20% YoY in FY 24 to 65% YoY in FY25 which subsequently saw revenue growth accelerate.
In international markets, in most segments where we have seen volume growth, we are also seeing value growth.
20
Q2 FY26: Greenshoots (4/4) Deferred revenue continues to hold
Deferred Revenue (in INR Cr.)
Historical Annual
18% CAGR
0%
Deferred revenue holds, with steady commitments.
Note: (*) Including proforma bills wherein invoice is to be raised after payment is received
21 21
Select Recent Growth Initiatives
Additionally, we have been investing heavily across various growth initiatives spanning across sales, marketing and account expansion. Select initiatives where we are seeing good results and expect further acceleration are as follows:
1
2
3
4
5
6
7
India BU - Significant expansion undertaken to augment datasets for select segments
International BU - Distribution Partnership in N. America
Expanding Leads Funnel by increasing Organic Search Traffic and Tracxn Lite
Scaling with Specialised Teams
Increasing Regulatory Data coverage
Leveraging AI in Data Production
Marketing through Press Mentions
22
1
Select Recent Growth Initiatives
India BU - Significant expansion undertaken in FY26 to augment datasets
● Revenue from India grew at 16% YoY in H1 FY26
●
Further, in H1 FY26, we have undertaken significant expansion in augmenting certain datasets particularly in revenue and financial data of private companies.
○
These datasets are particularly relevant for Investment Banking & Private Equity customer segments
● Once this goes live, we should have best-in-class coverage around these datasets
● We expect this will further accelerate customer acquisition, revenue growth and
significantly increase our market share. Especially in these segments.
●
This also help us go break into newer customer segments like debt market (selling to NBFCs and other financial institutions)
23
2
Select Recent Growth Initiatives
International BU [Distribution partnership in North America]
●
●
To increase distribution in international markets, we have signed a key partnership with TMX Datalinx, the information services division of TMX Group, which owns Canada’s largest stock exchange. Note: TMX Group (TSE: X) – mcap: $10.2B, annual revenue: ~$1B
The collaboration enables broader reach to financial institutions across North America, helping us potentially accelerating our revenue growth in this region.
● Additionally we are also investing in adding more datasets in this region (eg. revenue
estimates for private companies, valuation estimates & benchmarks for private companies)
Note: (1) As on 30th Oct 2025
24
3
Scaling Organic Search Traffic and Tracxn Lite
Organic Search Traffic* (in millions)
3X
#Tracxn Lite Signups1
Scaling Organic Traffic & Inbound Leads Pipeline
● We have built a large organic inbound traffic funnel, & it
continues to increase
● We had over 21 Million visits in FY25 ● In H1FY26, this was 12.8million visits (3x increase in 3
years)
Note: (*) Source: Search Console & Internal Estimates Note: (1) Cumulative #, does not include ~2L old unpaid users migrated to Tracxn Lite
● Had launched Tracxn Lite over 1.5 years ago for PLG (Product-Led Growth) to make the customers aware of the richness of the platform and drive product led growth
● Users get full platform access (with limitations such as restricted daily
hits for profile views, exports and certain platform modules)
● Very good increase in overall sales acquisition pipeline.
For instance - H1FY25 v/s H1FY26
○ #Organic sign-ups have continue to increase (1.5X) ○ Avg. #users / day hitting the credit limit almost doubled ○ Increase in upgrade requests, demos, etc.
25
4
Specialised Teams (1/5)
Universities
● Specialized team with cumulative experience of over 20 years in
selling to universities. Bulk of our relevant customer segments come from top universities globally. More than a revenue segment, universities are a good marketing and discovery channel for us
● Customer count* nearly doubled in this segment and revenue
grew by ~70% in Q2FY26 as compared to the same period last yr
● We are in process of expanding these efforts and replicating this
playbook to key international geos
● In addition to increasing engagement through inclusion in
courseworks across universities like IIMs & ISB, on-campus onboarding, etc., we have started marketing initiatives for this segment, such as podcast series with relevant stakeholders
Select University Accounts:
UK
Australia
Germany
France
USA
Mumbai
Calcutta
Lucknow
Note: (*) Accounts on library / department pack in this segment
Hyderabad 26
4
Specialised Teams (2/5)
Startups
Accelerators & Incubators
● We continue to see high volume of inbound leads
from startups
● Though they are served by the same platform, they have a differentiated use case eg. Fundraising, Competitor analysis, Market research, Business development etc.
● Introduced custom sales pitch for companies at
different stages in life cycle and as per use cases
● Launched additional features on the platform for this segment - eg. profile views, to connect with investors visiting their company profiles, contribution engine allowing founders to maintain and update their profiles
● 50% revenue in this segment was from international
customers in Q2FY26
● Focusing on customers across private incubators,
government incubators, universities and corporates globally
● One key use case is to facilitate fundraising of
portfolio companies, supported through relevant features on the platform such as Investors Database, Live Deals, Next-Round Investors, etc.
● In Q2FY26, more than 50% revenue in this segment
was from international customers
27
4
Specialised Teams (3/5)
Investment Banks
● Specialised team for selling to IBs through both inbound & outbound
● Continue to enrich data for this customer segment by increasing coverage of
relevant datasets such as coverage of private company financials, key ratios, VC & PE databases; and by launching more relevant data sets like Loans & Charges, Legal Cases, industry classification etc.
● Launched additional features - for eg. startups can mention if they are looking to hire an IB on our platform, which becomes a sales pipeline for the investment banks, etc.
● Seeing good success:
○ ○
Continued logo penetration in India by ~1% MoM India #accounts grew by over 60% & revenue by ~20% YoY
● We have started scaling this to other key geos internationally and are seeing good initial success there as well, International #accounts doubled on a YoY basis
● Recently launched interview series with key IB partners in the US markets, so in
addition to sales, have also started marketing efforts for the segment.
● We expect further acceleration in this segment as we expand our efforts to key geos
28
4
Specialised Teams (4/5)
Corporate Sales
● Specialized team focussed on users from corporate sales, typically looking
to scout and analyze companies across sectors and geos for lead generation, market analysis, comps benchmarking, business development mandates, and more
● In addition to augmenting data for this segment - for eg.pincodes, CXO
profiles, regular updation of the contact details on the platform. In addition also adding more parameters- eg. company tech stacks, helping users identify companies by the technology they use for more targeted outreach.
● We have started scaling this to other key geos internationally and are seeing
good initial success:
○
○
# of accounts in this segment as has doubled in Q2FY26 as compared to the same period last year 50% revenue in this segment was from international customers in Q2FY26
● We expect further acceleration in this segment
29
4
Specialised Teams (5/5)
Seeing good results from the specialised teams
List of launched vertical sales units
Startups
Universities
Investment Banks
Accelerator & Incubators
Venture Capital Funds
Sales
Mergers & Acquisition
Debt
Events
We expect further acceleration in pace of customer growth and market share increase through these additionally launched teams
Note: Ordered based on duration since launch and the progress made
30
5
Increased Regulatory Data Coverage (1/4)
Increasing Coverage of Private Company Financials Currently cover private company financials across 20+ countries
# Financials Covered
Major countries by coverage
●
●
●
●
●
●
●
●
●
●
India
United Kingdom
Croatia
Germany
Belgium
Thailand
Singapore
Poland
Malaysia
Australia
●
●
●
●
●
●
●
●
●
●
Norway
Denmark
Czech Republic
Sweden
France
Austria
Latvia
Finland
Estonia
Italy
●
●
●
●
●
●
●
●
●
South Korea
New Zealand
Ireland
Japan
Brazil*
Luxembourg*
Philippines*
Greece*
Russia*
& more.
…
Note: (*) New countries added in 2025, (#) As on 30th Sep 2025 YoY growth is excluding the changes on account of one-time refactoring of first year financials
6X
1.6M+ companies with revenue data & 3.8M+ companies with detailed financials available on the platform#
31
5
Increased Regulatory Data Coverage (2/4)
# Companies with Captables
8X
Increasing Coverage of Private Company Captables Currently cover private company captables across 15+ countries
Major countries by coverage
●
●
●
●
●
●
●
●
India
United Kingdom
Germany
Singapore
New Zealand
Denmark
Czech Republic
Estonia
●
●
●
●
●
●
●
●
United States
Australia
Malaysia
South Korea
Sweden
Ireland
France
Norway
●
●
●
●
●
●
●
●
Canada
Israel
Finland*
Indonesia*
Thailand*
Latvia*
Slovakia*
Malta*
…
Note: (*) New countries added in 2025, (#) As on 30th Sep 2025
349K+ companies with detailed shareholding available on the platform#
32
5
Increased Regulatory Data Coverage (3/4)
Launched Legal Entities Database
Currently covering ~65M legal entities across key geographies
# Legal Entities (in millions)
●
●
●
●
●
●
Major countries by coverage
United States
●
France
United Kingdom
● Germany
Japan
India
Australia
Brazil
●
●
●
●
Romania
Singapore
Canada
Belgium
…
Augmenting more data for legal entities - increased coverage of financials, captables,loans & charges, patents etc
Note: As on 30th Sep 2025
33
5
Increased Regulatory Data Coverage (4/4)
Building deeper coverage of Regulatory Data on private companies & legal entities
Examples of a few regulatory datasets live and in pipeline:
Loans and Charges
Patent Data
Legal Cases
Trademarks Data
Related Party Transactions
Bankruptcy Filings
FDA Approval Data
Taxation Data
… and more
This helps us increase penetration in existing and new customer segments
34
6
AI in Data Production
We continue to harness GenAI in data production yielding significant and promising results. We have been able to multiply & augment our datasets while reducing manual intervention and even shrinking headcount, which is a strong testament to our use of automation and intelligence in data production.
Accelerated Throughput with Leaner Data Production Teams
- -
2024: Expanded coverage of key data points by 5X while reducing data production team size by ~10%. 9M 2025: Further multiplied data coverage by over 2.5X with an additional ~20% optimization of data production team’s headcount
To expand further, we have been able to enhance the pace of additions with high accuracy:
-
-
-
Increased pace of data processing in existing processes: Reduced manual overhead and increased throughput (eg., companies processed at the top of the funnel increased by 4X) Expanded coverage across multiple datasets: Achieved through faster processing of unstructured documents (eg., accelerated extraction of financials and company information from regulatory filings across 20+ countries). Faster launch of new datasets: Able to launch new datasets at a much faster pace than before (eg., area–pincode mapping for sales teams launched in a fairly short time period).
We expect continued optimization in the data production units and accelerated throughput of the systems. We are excited about the possibilities of GenAI and its potential to help us build data on private companies globally.
35
7
Press Mentions
Increased Press Mentions Through various media partnerships, data contributions, reports, etc.
2,000+ Press Mentions across media*
eg. Report coverage
eg. Partnerships
eg. Regular Columns in newspapers
eg. Others
Note: (*) in H1FY26
36
H1 FY26: Other KPIs
Contract Price* (in INR Cr.)
Historical Annual
15% CAGR
Entities Profiled, on platform (in millions)
Historical Annual
49%
9%
35% CAGR
Note: Entities Profiled are as on respective end of period (*) Including proforma bills wherein invoice is to be raised after payment is received
37
Business Overview
38
Our Journey
Ratan N Tata
Sachin Bansal Binny Bansal
NRJN Family Trust
2013-15 Platform Launched
2015-16 - ‘Top 100 Analytics Startups of 2015’ - Forbes - One of the ‘Coolest Startups of India’ - Business Today (2016)
2012
- Company incorporated
50+ Countries
2020-21 - Crossed customers in 50 countries - Launched advanced search feature within platform - Launched a collection of sector-based newsletters on the platform
2017-19 - Launched ‘Tracxn Score’, reports and live chat features - Launched personalised dashboards on our platform - Launched a portfolio tracker and an acquisitions database on our platform
Listed on
2021-22 - Became a publicly listed company on 20th Oct 2022
- Launched updated Home Dashboard with personalised feed
Current
- Among the Leading global market intelligence providers for private company data* - One of the largest global coverage of private companies in the emerging technology sectors*
Note: (*) According to “Global Information Services Market” report by Frost & Sullivan Timeline is in calendar years
39
Significant cost advantages from India-based operations
N.America
S.America
Europe
Asia
Middle East
India
Africa
Significant cost advantage due to make-in-India. Especially:
• Data-production & technology
platform is built from India • Global sales happens from India (sales & support teams work across all time zones)
• Very efficient content-driven
Australia
customer acquisition flywheel
These give us a significant and long-lasting cost advantage
40
Experienced Promoters & Board of Directors
Neha Singh
Chairperson and Managing Director
Abhishek Goyal
Vice Chairman and Executive Director
Brij Bhushan
Independent Director
▪ B.Tech. & M.Tech. from IIT Bombay & MBA from Stanford Graduate School of Business
▪ Worked previously at BCG & Sequoia
Capital
▪ Recognitions
▪ Outstanding Woman (Business
▪
Outlook – 2016) ‘The 40 who matter in the Indian start-up ecosystem ‘(Mint – 2016)
▪ Part of ‘40 under 40’ (Fortune
India - 2018 & 2019)
▪ B.Tech. from IIT Kanpur
▪ Worked previously at Accel, 3i Infotech, Amazon, Yahoo, Andale & Erasmic
▪ Recognitions
▪ Part of ‘40 under 40’ (Fortune
India - 2018 & 2019)
▪ B.Tech. from Maharshi Dayanand
University & PGP from IIM Bangalore
▪ Partner at Prime Venture Partners
▪ Co-Founder of Samast Technologies
▪ Worked previously at Bain, Infosys &
Nexus India
Nishant Verman
Independent Director
Payal Goel
Independent Director
Rohit Jain
Independent Director
▪ B.S. from University of Michigan
& MBA from Northwestern University
▪ CEO of Overleap Networks
▪ Worked previously at Flipkart &
Canaan Advisors
▪ BA from University of Delhi & PGPM from ISB, Hyderabad
▪ Corporate Development Manager
at Google India
▪ Worked previously at Flipkart, Aspada Investment & Peepul Capital
▪ B.Tech. from IIT Delhi & MS from University of North Carolina at Chapel Hill
▪ Managing Partner at JSM Advisors
▪ Worked previously at Microsoft, IBM, Google & SAIF Partners
41
Supported by Senior Management Team Backed by Marquee Investors
Prashant Chandra
Chief Financial Officer
Amit Agarwal
Neeraj Chopra
Chief Operating Officer
Chief Technology Officer
Bhaskar Sharma
Chief Product Officer
▪ B.Tech. from IIT Kanpur & MBA
▪ B.Tech. from MNNIT-Allahabad &
from IIM Lucknow
MBA from XLRI
▪ Worked previously at Infosys &
Amdocs
▪ Worked previously at Amba research, Emanation, GS & Centrum
▪ MS from University of Pune ▪ Worked previously at Amazon, Decho, Arcot & Roam Space
▪ B.Tech. from IIT Kharagpur &
PGPM from ISB
▪ Worked previously at CEAT,
Nomura & FlexAlgo
Investors who backed us in private journey
Investors who backed us in IPO Anchor Book
Abakkus
BNP Paribas
Motilal Oswal
Nippon
Ratan N Tata
NRJN Family Trust
ICICI Prudential
Reliance General Insurance
Sachin Bansal Co-Founder - Flipkart
Binny Bansal Co-Founder - Flipkart
Girish Mathrubootham Founder & CEO - Freshworks
Neeraj Arora VH Capital Ex-Whatsapp
Anand Rajaramnan Milliways Fund Founder - Junglee
Amit Ranjan Founder - Slideshare
Kotak Mahindra MF
Tara Emerging Fund
Kotak Mahindra Life Insurance
WhiteOak Capital
42
Large & Growing Market
Multiple large companies have been created in the financial data markets
$40B+
Cumulative Revenue of Financial Market Data Companies for 2024*
Note: (*) Revenue of key public market data companies has been calculated based on the publicly available sources and internal estimates
43
Robust Technology Platform
Wide range of business and workflow tools – Inbuilt CRM tool, custom dashboard builder, tools for sourcing, tracking companies, portfolio tracking, API support, browser extensions, ability to save searches and provide alerts and export tools
Enterprise grade support – for customer queries with personalized support over chat, email and instant messaging applications
4
Scalable backend framework – based on open source technologies
1
Automated – based on web crawling and data engine to track millions of web domains, track data points across digital footprint of entities and add several companies to database
Flexible platform – aids launching of new features
Hosted on cloud servers – ensures minimum downtime
Advanced security – in-built security features provided by the cloud infrastructure provider
3
Virtual private cloud – allows to establish a secure internal network & a safe gateway to enable communication of internal resources
Industry grade HTTPS – for encrypted communication over the internet
Periodic checks – tools to periodically check on potential security threats
2
In-house data mining engine – automated discovery of new-age companies by tracking 876M+ domains across emerging technology sectors and sector classification of entities tracked
Multiple products introduced on platform since inception – soonicorn coverage, personalized dashboards, Tracxn Score, live chat, and others
44
Large & Growing Market
Private Market AUM Growth1 (in USD trillion)
Public Market Capitalization2 (in USD trillion)
15% CAGR
6% CAGR
Private market AUM expected to cross $15T by 2028
Cumulative market capitalization of listed domestic companies across all the countries converted to USD
Note: (1) According to internal estimates (2) Source: World Federation of Exchanges; public market cap is of as on end of year (*) Estimated private market AUM numbers as per internal estimates
45
Q2 FY26 Detailed Financial Statements
46
Profit & Loss Statement (1/2)
Particulars
Income
Revenue from operations
Other income
Other gains/(losses) - net
Total Income
Expenses
Employee benefit expense
Depreciation expense
Other expenses
Total Expenses
Profit / (Loss) before tax
Current tax (including relating to prior years)
Deferred tax (credit) / expense
Profit / (loss) for the period
PAT Margin
Q2 FY26
Q1 FY26
Q2 FY25
H1 FY26
H1 FY25
FY25
21.25
21.20
21.39
42.45
41.93
0.01
1.23
0.16
1.52
0.04
1.37
0.17
2.76
0.20
2.62
22.49
22.89
22.80
45.37
44.75
19.04
18.95
18.20
38.00
35.87
0.04
2.78
0.03
2.45
0.02
2.27
0.07
5.23
0.04
4.86
21.86
21.43
20.50
43.30
40.77
0.62
0.42
5.77
(5.56)
1.45
0.12
0.21
1.12
2.31
0.07
6.89
2.08
0.54
5.98
3.98
0.13
7.23
(4.66)
(4.44)
(3.39)
84.47
0.28
5.62
90.37
73.87
0.11
9.76
83.75
6.62
0.46
15.71
(9.54)
-26.18%
5.28%
-21.77%
-10.47%
-8.07%
-11.30%
In INR Cr.
47
Profit & Loss Statement (2/2)
Particulars
Profit / (loss) for the period
Less: Other Income
Less: Other gains/(losses) - net
Add: Depreciation expense
Add: Current tax
Add: Deferred tax (credit) / expense
EBITDA
EBITDA Margin
Profit / (loss) for the period
Add: Deferred tax adjustments
PAT excl Deferred tax adjustments
PAT Margin excl Deferred tax adjustments
Q2 FY26
Q1 FY26
Q2 FY25
H1 FY26
H1 FY25
(5.56)
0.01
1.23
0.04
0.42
5.77
(0.58)
-2.71%
(5.56)
6.02
0.46
2.17%
1.12
0.16
1.52
0.03
0.12
0.21
(0.20)
-0.94%
1.12
-
1.12
5.28%
(4.66)
(4.44)
(3.39)
0.04
1.37
0.02
0.07
6.89
0.92
4.30%
(4.66)
6.35
1.69
0.17
2.76
0.07
0.54
5.98
(0.78)
-1.83%
(4.44)
6.02
1.58
7.91%
3.72%
0.20
2.62
0.04
0.13
7.23
1.20
2.87%
(3.39)
6.35
2.97
7.07%
FY25
(9.54)
0.28
5.62
0.11
0.46
15.71
0.83
0.99%
(9.54)
14.47
4.93
5.83%
In INR Cr.
48
Balance Sheet (1/2)
Particulars
ASSETS
Non-current assets
Property, plant and equipment
Intangible assets
Income tax assets (net)
Deferred Tax Asset
Total non-current assets
Current assets
Financial assets
i. Investments
ii. Trade receivables
iii. Cash and cash equivalents
iv. Other financial assets
Other current assets
Total current assets
Total assets
As at September 30, 2025
As at March 31, 2025
0.31
-
5.21
-
5.52
87.65
1.22
1.89
1.62
0.64
93.01
98.54
0.20
-
6.23
5.67
12.10
89.58
1.67
3.64
2.88
0.86
98.63
110.73
In INR Cr.
49
Balance Sheet (2/2)
Particulars EQUITY Equity share capital Other equity Reserves and surplus Total equity LIABILITIES Non-current liabilities Employee benefit obligations Contract liabilities Deferred Tax Liability Total non-current liabilities Financial liabilities Current liabilities Financial liabilities i. Trade payables (a) Total outstanding dues of micro enterprises and small enterprises; and (b) Total outstanding dues other than (a) above ii. Other financial liabilities Contract liabilities Employee benefit obligations Other current liabilities Total current liabilities Total liabilities Total equity and liabilities
In INR Cr.
As at September 30, 2025
As at March 31, 2025
10.64
43.66 54.30
4.65 0.97 0.28 5.90
0.14 0.47 0.24 33.17 2.93 1.39 38.34 44.24 98.54
10.65
55.15 65.80
4.56 0.56 - 5.13
0.15 0.41 0.10 34.19 2.17 2.79 39.81 44.93 110.73
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Cash Flow Statement (1/2)
Particulars
Six month Ended 30 Sep'25
Six month Ended 30 Sep'24
Cash Flow from Operating Activities: Net profit/ (loss) before Income Tax Adjustment for: Depreciation expense Net (gain)/ loss on disposal of Property, plant and equipment Net gains on sale of investments Net fair value gains on financial assets measured at fair value through profit or loss Interest on income tax refund Interest income from bank deposits measured at amortised cost Employee stock option expense Impairment loss/ (reversal) on financial assets Unrealised Exchange Difference (net) Operating Profit / (Loss) before working capital changes Adjustment for: (Increase)/ decrease in trade receivables (Increase)/ decrease in other financial assets (Increase)/ decrease in other assets Increase / (decrease) in trade payables Increase / (decrease) in contract liabilities Increase / (decrease) in employee benefit obligations Increase / (decrease) in other financial liabilities Increase / (decrease) in other liabilities Cash generation from Operations Income taxes paid (net of refunds received, including interest thereon) Net Cash Flow from/ (used in) Operating Activities
2.08
0.07 0.01 (2.29) (0.57) (0.15) (0.01) 1.46 (0.02) 0.02 0.59
0.47 0.23 0.23 0.05 (0.61) 0.70 0.15 (1.40) 0.39 0.63 1.02
3.98
0.04 - (0.36) (2.34) (0.11) (0.06) 2.17 0.20 0.03 3.56
4.65 1.60 0.25 (0.03) (1.49) 0.60 (0.06) (1.31) 7.75 0.18 7.93
In INR Cr.
51
Cash Flow Statement (2/2)
Particulars
Cash Flow from Investing Activities:
Payments for purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Funds invested in bank deposits
Proceeds from sale of investments
Payments for purchase of investments in mutual funds
Advance for investment in mutual funds
Interest received
Net cash inflow /(outflow) from investing activities
Cash Flow from Financing Activities:
Application money received for exercise of stock options
Application money pending allotment
Transaction costs relating to buy back
Net cash inflow from financing activities
Net Increase/(Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents as at beginning of the year
Effects of exchange rate changes on cash and cash equivalents
Cash and cash equivalents as at end of the year
Six month Ended 30 Sep'25
Six month Ended 30 Sep'24
(0.20)
0.01
1.94
44.27
(39.48)
(0.91)
0.01
5.63
0.05
0.00
(8.45)
(8.40)
(1.74)
3.64
(0.01)
1.89
(0.08)
-
(0.06)
32.70
(43.11)
-
0.17
(10.38)
0.09
0.03
-
0.12
(2.33)
4.78
(0.02)
2.43
In INR Cr.
52
Definitions
(1)
(2)
(3) (4) (5)
(6) (7)
(8)
(9) (10) (11) (12)
Customer Accounts refers to the distinct contracts entered into by our Company with each customer, at the time of measurement. A customer account may include access for a single or multiple number of Users. Users refers to the number of activated user accesses on the platform at the time of measurement and does not include bulk users like university/educational institutes accounts Contract Price is net invoicing done in a given period adjusted for refund liabilities, till the time of measurement Entities Profiled refer to the profiles curated and available on the platform to the user at the time of measurement EBITDA is a non-GAAP financial metric, calculated as Profit/(loss) for the period minus Other Income and Other gains/ (losses) - net, plus Depreciation and Amortization Expenses, plus Finance Costs, if any plus Income Tax Expense. PAT excluding deferred tax adjustments is calculated as Profit/(loss) for the period plus Deferred Tax adjustments PAT excluding IPO expense, Deferred Tax and CCPS is calculated as Profit/(loss) for the period plus Exceptional items - IPO expenses, reimbursable to the company plus Deferred Tax minus Fair value gain/ (loss) on CCPS measured at fair value through profit or loss. Fair value gain/ (loss) on CCPS adjustment has been made only for FY21 in this presentation Free Cash Flow is calculated as Net Cash Flow from/ (used in) Operating Activities less Capex (payments for purchase of property, plant and equipment) Organic Search Traffic - Traffic originating from an organic search result Existing Customer - An account which had also contributed to the accrued revenue prior to the given financial year/ reporting period. New Customer - An account contributing to the accrued revenue for the first time in the given financial year/ reporting period Headcount - Number of employees on the company payroll as on the date of measurement.
53
Thank You
Company Information
Address : 2nd Floor, L-248, 17th Cross, Sector 6, HSR Layout, Bangalore - 560102
CIN : L72200KA2012PLC065294
Corporate Presentation: Link
For any queries, please contact:
Email ID : investor.relations@tracxn.com
www.tracxn.com/investor-relations
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