Tracxn Technologies Ltd. · NSE:TRACXN
Tracxn Technologies — Investor Presentation (February 2026)
70 slides from Tracxn Technologies's investor presentation, February 2026
Slide 1: Private Market Intelligence Platform – Corporate Presentation
Private Market Intelligence Platform Corporate Presentation Feb 2026 Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.
Slide 2: Tracxn Overview
Tracxn Overview Tracxn is a Data & Software platform for the Private Markets globally We work with Venture Capital Firms, Private Equity Firms, Investment Banks - as well as M&A & Innovation teams of large Corporates Global Platform, customers span 50+ countries 2
Slide 3: Disclaimer
Disclaimer By attending this presentation including the commentary by the Company management This Presentation may contain, words or phrases that are forward-looking statements and the transcript of the same, together (“Presentation”) and/or accepting a copy of it, that involve risks and uncertainti
Slide 4: Our speakers today
Our speakers today Neha Singh Abhishek Goyal Prashant Chandra Chairperson and Managing Executive Director Chief Financial Officer Director - IIT Bombay (received Silver Medal from - BTech from IIT Kanpur - IIT Kanpur (top 100 rankers in IIT JEE) President of India Mrs. Pratibha Patil) - MBA from IIM
Slide 5: Tracxn – Leading global Private Market Intelligence SaaS Platform
Tracxn – Leading global Private Market Intelligence SaaS Platform# Platform 7.1 million+ 76,300+ 1,811,000+ scale (31st Dec, 2025) Entities profiled Investor profiles Transactions covered^ Customer KEY scale 50+ 2,246 6,156 HIGHLIGHTS (31st Dec, 2025) Countries of presence # of customer accounts # o
Slide 6: Our Journey
Our Journey Listed on 50+ Countries Ratan N Tata Current - Among the 2021-22 Leading global market intelligence - Became a publicly providers for Sachin Bansal Binny Bansal NRJN Family Trust 2020-21 listed company on private company 20th Oct 2022 data^ - Crossed - Launched updated - One of the large
Slide 7: Our Platform (1/2)
Our Platform (1/2) Amongst Top 5 globally in terms of number of companies profiled^ One of the largest coverage of private companies in emerging technology sectors including IoT, artificial intelligence, virtual reality, robotics, blockchain and electric vehicles^ One of the few Private market data
Slide 8: Our Platform (2/2)
Our Platform (2/2) 24 industries tracked Organized into proprietary taxonomy Quick visual market maps across the globe nodes Auto As of March 31, 2025 Consumer Goods 24 Industries Media & Entertainment Healthcare 2,900+ Private Market Financial Services Feeds Food 57,000+ Education Taxonomy Nodes Bu
Slide 9: Large & Growing Market $40B+
Large & Growing Market Multiple large companies have been created in the financial data markets $40B+ Cumulative Revenue and of Financial Market Data Companies for 2024* 9 Note: (*) Revenue of key public market data companies has been calculated based on the publicly available sources and internal e
Slide 10: Large & Growing Market
Large & Growing Market Private Market AUM Growth1 Public Market Capitalization2 (in USD trillion) (in USD trillion) 15% 6% CAGR CAGR Cumulative market capitalization of listed domestic companies Private market AUM expected to cross $15T by 2028 across all the countries converted to USD Note: (1) Acc
Slide 11: Large and Growing Market of Private Market Data
Large and Growing Market of Private Market Data Private Market Data Key User segments - Large & Growing ~300,000 addressable organizations* Investment Industry Corporate Others 37,000 27,200 53,000 31,000 2,900 Venture Capital Funds Private Equity Firms Listed Entities Educational Institutions Limit
Slide 12: Key Highlights
@Tracxn Key Highlights
Slide 13: Global Customer Base
Global Customer Base 56% International revenue in 9MFY26 Customers span over 50+ countries* Top 5 countries by #customer accounts*: India, USA, UK, Singapore, Germany International Revenue 56% Indian Revenue 13 Note: (*) Based on customer accounts as on end of period
Slide 14: Diverse Customer Base
Diverse Customer Base Customer segments & departments that we work with Corp Dev / Corporate Private Equity M&A Teams Innovation Venture Investment Government Companies Capital Banking Agencies Family Digital Corporate Offices Transformation Strategy Accelerator & Corporate Consulting Universities I
Slide 15: 9M FY26: Split by Customer Type
9M FY26: Split by Customer Type 47% Corporates Investment Industry 49% (includes Corporate Innovation teams, Corporate (includes VC funds, PE funds, Investment Development / M&A teams, Strategy and Sales Banks, CVCs, Accelerators & Incubators, teams, Consulting firms, Startups, etc.) Family Offices,
Slide 16: FY25: Revenue Growth
FY25: Revenue Growth Continued growth in large accounts* Revenue FY 21 FY 22 FY 23 FY 24 FY 25 INR 20L+ accounts 13 26 33 40 46 Indicates continued headroom INR 30L+ accounts 5 11 22 23 22 for growth in ASP INR 40L+ accounts 3 6 12 16 19 16 Note: (*) The count is cumulative and based on the accrual
Slide 17: Robust Technology Platform
Robust Technology Platform Wide range of business and workflow tools – Scalable backend framework – based on open Inbuilt CRM tool, custom dashboard builder, tools for source technologies sourcing, tracking companies, portfolio tracking, API Automated – based on web crawling and data support, browse
Slide 18: Significant cost advantages from India-based operations
Significant cost advantages from India-based operations Significant cost advantage due to make-in-India. Especially: Europe Asia N.America ● Data-production & technology Middle East platform is built from India India ● Global sales happens from Africa India (sales & support teams work across all tim
Slide 19: Experienced Promoters & Board of Directors
Experienced Promoters & Board of Directors Neha Singh Abhishek Goyal Brij Bhushan Chairperson and Managing Executive Director Independent Director Director ▪ B.Tech. & M.Tech. from IIT Bombay ▪ B.Tech. from IIT Kanpur ▪ B.Tech. from Maharshi Dayanand & MBA from Stanford Graduate ▪ Worked previously
Slide 20: Supported by Senior Management Team Backed by Marquee Investors
Supported by Senior Management Team Backed by Marquee Investors Prashant Chandra Amit Agarwal Neeraj Chopra Bhaskar Sharma Chief Financial Officer Chief Operating Officer Chief Technology Officer Chief Product Officer ▪ B.Tech. from IIT Kanpur & MBA ▪ B.Tech. from MNNIT-Allahabad ▪ MS from Universit
Slide 21: Financial Performance
@Tracxn Financial Performance 21
Slide 22: Snapshot – Operational Performance
Snapshot – Operational Performance Customer Accounts Users Entities Profiled (Nos) (Nos) (Nos) 2.43x 4.81x 642 855 1,092 1,230 1,312 1,926 Customer Accounts refers to the distinct Users refers to the number of user Entities profiled are categorised under contracts entered into by our Company with ac
Slide 23: Snapshot – Financial Performance
Snapshot – Financial Performance Contract Price^ v/s Net Revenue From Operations Operating Expenses Operating Cash Flow* (INR Cr.) (INR Cr.) (INR Cr.) 162% 140% 103% 97% 95% 95% Total expenses as a % of operating revenues (calculated based on the numbers from the RHP) Note: (^) Contract Price is net
Slide 24: 9M FY26 Financial Performance
9M FY26 Financial Performance 24
Slide 25: Financial Performance Summary
Financial Performance Summary Continued growth in Volume REVENUE PROFITABILITY OTHER Revenue from Operations EBITDA (EBITDA Margin) Customer Accounts (#) Q3FY26 9MFY26 Q3FY26 9MFY26 Q3FY26/ 9MFY26 21.0 Cr. 63.5 Cr. -1.7 Cr.(-8%) -2.5 Cr.(-4%) 2,246 -1.7% YoY 0.3% YoY -2.2 Cr. YoY -4.1 Cr. YoY 32% Yo
Slide 26: 9M FY26: Revenue Growth
9M FY26: Revenue Growth Revenue from Operations Total Income (in INR Cr.) (in INR Cr.) Historical Annual Historical Annual 18% 19% 0.5% CAGR 0.3% CAGR 26 Note: (*) Total Income excludes Fair value gain/ (loss) on CCPS for FY21
Slide 27: 9M FY26: Profitability
9M FY26: Profitability EBITDA EBITDA Margin (in INR Cr.) Historical Annual Historical Annual Excluding non-cash ESOP expense this is -0.1 Cr. for 9MFY26 PAT* PAT Margin* (in INR Cr.) Excluding non-cash Historical Annual Historical Annual items - ESOP exp. and deferred tax, this is 3.7 Cr. for 9MFY26
Slide 28: Incremental Revenue going into Bottomline
Incremental Revenue going into Bottomline Historical Annual: 9MFY26 FY 21 FY 22* FY 23* FY 24 FY 25 Revenue from operations 63.5 43.8 63.5 78.1 82.8 84.5 Incremental Revenue from Operations +0.2 (Δ) +6.4 +19.7 +14.7 +4.7 +1.7 EBITDA (2.5) (17.1) (1.9) 2.6 4.6 0.8 Incremental EBITDA (Δ) (4.1) +5.4 +1
Slide 29: 9M FY26: FCF and Cash & Cash Equiv.
9M FY26: FCF and Cash & Cash Equiv. FCF (Free Cash Flow)1 Cash & Cash Equivalents1,2 (in INR Cr.) (in INR Cr.) Historical Annual 90.2 Cr. Net of buyback cash out-go in H1FY26 13.5 Cr. Note: (*) Free Cash Flow and Cash & Cash equiv. excludes tax amounts received from employees against ESOP exercise a
Slide 30: 9M FY26: Expense Breakup
9M FY26: Expense Breakup Total Expense - Breakup (for 9MFY26) Total Expense (in INR Cr.) % of Total (in INR Cr.) 9MFY26 Expense Historical Annual Employee Benefit Expenses 58.1 Cr. 87.9% Salaries, Wages & Bonus 54.2 Cr. 82.1% 7% Employee Stock Option Expense 2.4 Cr. 3.6% 8% Other Employee Benefit Ex
Slide 31: 9M FY26: Growth Metrics (1/3)
9M FY26: Growth Metrics (1/3) Continued high overall volume growth Customer Accounts (#) Customer Accounts - Net Addition Volume growth continues to be high FY23 FY24 FY25 FY26 31 Note:. Customer Accounts are as on respective end of period.
Slide 32: 9M FY26: Growth Metrics (2/3)
9M FY26: Growth Metrics (2/3) Accelerated India Growth due to vertical BU teams India Geo - 9MFY26 Account & Revenue Growth ● India BU growth continues to be robust 44% Revenue from India ● In 9MFY26, # India accounts grew by 43% YoY and revenue grew by 14% YoY ● Primarily due to the growth initiati
Slide 33: 9M FY26: Growth Metrics (3/3)
9M FY26: Growth Metrics (3/3) India & International segments Revenue Growth YoY Account Growth YoY India 14% 43% International -8% 17% Overall 0.3% 32% Impact in the international segments. As we augment datasets and extend the vertical sales teams in these geographies to more customer segments, we
Slide 34: Q3 FY26: Investing in Growth Initiatives
Q3 FY26: Investing in Growth Initiatives Ending Headcount (#) We are investing in growth initiatives, primarily across GTM - Sales, sales support & Marketing. These investments led to a net increase in headcount and a temporary reduction in profitability. We believe these investments will accelerate
Slide 35: Select Recent Growth Initiatives
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 Scaling the Sales Team 2 India
Slide 36: Select Recent Growth Initiatives: Scaling the Sales Teams
1 Select Recent Growth Initiatives Scaling the Sales Teams # Closing sales 34 60 team members Current (as on Dec 2025) Planned (by Dec 2026) With our vertical sales playbook gaining traction, we are scaling our sales teams and plan to nearly double our closing sales team headcount this calendar year
Slide 37: India BU - Significant data investments undertaken in FY26
2 Select Recent Growth Initiatives India BU - Significant data investments undertaken in FY26 Revenue from India grew at 14% YoY in 9M FY26 (& over 40% YoY account growth). Further in Q3FY26, significant investments made in expanding datasets and offering, including: ● Private Company Financials cov
Slide 38: International BU - Investing in Data Augmentation & Sales scale-up
3 Select Recent Growth Initiatives International BU - Investing in Data Augmentation & Sales scale-up ● The number of accounts added grew by ~17% in Q3FY26 YoY ● Major push for expanding our data coverage in international geos: ○ UK: Added more than 4.2M private co. financials (>50X increase). Cos.
Slide 39: Specialised Teams (1/4)
4 Specialised Teams (1/4) ● Specialised team for selling to IBs through both inbound & outbound Investment Banks ● 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 launc
Slide 40: Specialised Teams (2/4)
4 Specialised Teams (2/4) ● Specialized team focussed on users from corporate sales, typically looking Corporate Sales 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
Slide 41: Specialised Teams (3/4)
4 Specialised Teams (3/4) Universities Startups Accelerators & Incubators ● Focusing on customers across ● Specialized team with cumulative private incubators, government experience of over 20 years in selling ● We continue to see high volume of inbound leads from startups. Their incubators, univers
Slide 42: Specialised Teams (4/4)
4 Specialised Teams (4/4) Seeing good results from the specialised teams List of launched vertical sales units Startups Universities Investment Banks Accelerator & Venture Capital Sales Incubators Funds Mergers & Debt Events Acquisition We expect further acceleration in pace of customer growth and m
Slide 43: Scaling Organic Search Traffic and Tracxn Lite
5 Scaling Organic Search Traffic and Tracxn Lite Organic Search Traffic* #Tracxn Lite Signups1 (in millions) ~3X ● Had launched Tracxn Lite 2 years ago for PLG (Product-Led Scaling Organic Traffic & Inbound Leads Pipeline Growth) to make the customers aware of the richness of the platform and drive
Slide 44: Increased Regulatory Data Coverage (1/4)
6 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 ~58X ● Germany ● Ireland ● New Zealand ● Japan ● Sweden ● Croatia Latest Q ● India ● Thailand
Slide 45: Increased Regulatory Data Coverage (2/4)
6 Increased Regulatory Data Coverage (2/4) Increasing Coverage of Private Company Captables Currently cover private company captables across 15+ countries # Companies with Captables Major countries by coverage 9.3X ● United States ● Ireland ● New Zealand ● Germany ● Sweden ● Estonia ● India ● Singap
Slide 46: Increased Regulatory Data Coverage (3/4)
6 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 ● Canada ● Germany ● Brazil ● Japan ● Australia ● India ● Belgium ● United Kingdom ● Si
Slide 47: Increased Regulatory Data Coverage (4/4)
6 Increased Regulatory Data Coverage (4/4) Building deeper coverage of Regulatory Data on private companies & legal entities Examples of a few regulatory datasets live as well as in pipeline Loans and Charges Patent Data Legal Cases Related Party Trademarks Data Bankruptcy Filings Transactions FDA A
Slide 48: AI in Data Production
7 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 intellige
Slide 49: Press Mentions
8 Press Mentions Increased Press Mentions Through various media partnerships, data contributions, reports, etc. 3,000+ Press Mentions across media* eg. Partnerships eg. Report coverage eg. Regular Columns in newspapers eg. Others 49 Note: (*) in FY25
Slide 50: 9M FY26: Other KPIs (1/2)
9M FY26: Other KPIs (1/2) Customer Accounts (#) Users (#) Historical Annual 32% Historical Annual 33% 21% 23% CAGR CAGR Continued growth in accounts and users 50 Note: Customer Accounts and Users are as on respective end of period.
Slide 51: 9M FY26: Other KPIs (2/2)
9M FY26: Other KPIs (2/2) Contract Price* Entities Profiled, on platform (in millions) (in INR Cr.) Historical Annual Historical Annual 76% 11% 15% CAGR 35% CAGR 51 Note: Entities Profiled are as on respective end of period (*) Including proforma bills wherein invoice is to be raised after payment i
Slide 52: Thanks
@Tracxn Thanks
Slide 53: Annexures
@Tracxn Annexures
Slide 54: Team Split
Team Split As on 31 Dec, 2025 Function Number of Employees Data Operations team across various data modules like financials, cap tables, transactions, company data, etc; Sector-focused Analyst team; and MyAnalyst Analysts and Data Operations 275 Support team Product and Technology 114 Engineering an
Slide 55: Source of Data
Source of Data Key sources of data: Mining, Curation, Standardization and Publicly available data about companies making it actionable using Technology 1 (company websites) & People Have build a Google for Companies at the backend, where we track & mine data of over 0.9Billion entities, Technology:
Slide 56: Rapid Pace Of Data Addition
Rapid Pace Of Data Addition Entities Profiled, on platform Web domains scanned, at backend (in millions) (in millions) 1.5M 66M 56
Slide 57: Key Business Strengths (1/2)
Key Business Strengths (1/2) Large, Growing Market & Rich ● Around 3,00,000 addressable organizations Customer segment ● We currently work with small single digit % of this market & remains largely untapped. ● Incremental cost to serve customers is very low High Operating Leverage & ● Offering is pr
Slide 58: Key Business Strengths (2/2)
Key Business Strengths (2/2) Low cost, content driven ● Content-based marketing helps us to acquire a high velocity of leads acquisition flywheel without having to spend on paid marketing. ● 22 million visits across all our public pages and over 3000 press mentions in prominent news media in FY25. D
Slide 59: Key Strategies
@Tracxn Key Strategies
Slide 60: Key strategies (1/2)
Key strategies (1/2) Ways to increase our account base Historical Growth ▪ Expanding sales, marketing & ▪ Channel partnerships customer success team ▪ Continue to grow Additional sales and marketing ▪ Referrals from existing representatives in geographies account base customers outside India ▪ Event
Slide 61: Key strategies (2/2)
Key strategies (2/2) Private Market AUM^ - (US$ Tn) Total Addressable Market^ - ($ Mn) Capitalize on industry 190 Mn to 200 From 52% to 65% Mn opportunities to CAGR % Combined market private companies 11.96 penetration of private expand coverage of worldwide. market data providers our customers in t
Slide 62: Detailed Financial Statements
Detailed Financial Statements 62
Slide 63: Profit & Loss Statement (1/2)
Profit & Loss Statement (1/2) Particulars Q3 FY26 Q2 FY26 Q3 FY25 9M FY26 9M FY25 FY25 Income Revenue from operations 21.04 21.25 21.39 63.49 63.33 84.47 Other income 0.21 0.01 0.05 0.38 0.25 0.28 Other gains/(losses) - net 1.36 1.23 1.45 4.12 4.07 5.62 Total Income 22.61 22.49 22.90 67.99 67.65 90.
Slide 64: Profit & Loss Statement (2/2)
Profit & Loss Statement (2/2) Particulars Q3 FY26 Q2 FY26 Q3 FY25 9M FY26 9M FY25 FY25 Profit / (loss) for the period (0.81) (5.56) 1.42 (5.26) (1.96) (9.54) Less: Other Income 0.21 0.01 0.05 0.38 0.25 0.28 Less: Other gains/(losses) - net 1.36 1.23 1.45 4.12 4.07 5.62 Add: Depreciation expense 0.05
Slide 65: Balance Sheet (1/2)
Balance Sheet (1/2) Particulars As at September 30, 2025 As at March 31, 2025 ASSETS Non-current assets Property, plant and equipment 0.31 0.20 Intangible assets - - Income tax assets (net) 5.21 6.23 Deferred Tax Asset - 5.67 Total non-current assets 5.52 12.10 Current assets Financial assets i. Inv
Slide 66: Balance Sheet (2/2)
Balance Sheet (2/2) Particulars As at September 30, 2025 As at March 31, 2025 EQUITY Equity share capital 10.64 10.65 Other equity Reserves and surplus 43.66 55.15 Total equity 54.30 65.80 LIABILITIES Non-current liabilities Employee benefit obligations 4.65 4.56 Contract liabilities 0.97 0.56 Defer
Slide 67: Cash Flow Statement (1/2)
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 2.08 3.98 Adjustment for: Depreciation expense 0.07 0.04 Net (gain)/ loss on disposal of Property, plant and equipment 0.01 - Net gains
Slide 68: Cash Flow Statement (2/2)
Cash Flow Statement (2/2) Particulars Six month Ended 30 Sep'25 Six month Ended 30 Sep'24 Cash Flow from Investing Activities: Payments for purchase of property, plant and equipment (0.20) (0.08) Proceeds from sale of property, plant and equipment 0.01 - Funds invested in bank deposits 1.94 (0.06) P
Slide 69: Definitions
Definitions (1) 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. (2) Users refers to the number of activated user accesses on the platform at
Slide 70: Thank You
Company Information Address : 2nd Floor, L-248, 17th Cross, Sector 6, HSR Layout, Thank You Bangalore - 560102 CIN : L72200KA2012PLC065294 For any queries, please contact: Email ID : investor.relations@tracxn.com www.tracxn.com/investor-relations 70
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