Tracxn was started in 2013 by ex-investors Neha Singh and Abhishek Goyal.

It leverages data analytics to help venture capital funds, private equity firms, and strategy teams globally track the startup market and identify interesting investable companies.

Through this investment, Tracxn joins a list of more than a dozen startups which are part of Ratan Tata's portfolio.

Prior to Tracxn, the Chairman Emeritus of Tata Sons had invested in the likes of Snapdeal, Ola Cabs, Paytm and UrbanClap, among others.

Tracxn had earlier raised USD 3.5 million from SAIF Partners in April 2015.

The firm has increased its analysts team size from 25 to 125 in less than 12 months.

Tracxn's client base has also seen a 400 percent increase over the last one year, and its clientele includes marquee names like Andreessen Horowitz, Sequoia, SoftBank, Google Capital, VMWare, GE and LG, the company said.

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