Tracxn Allots 1.35 Lakh Stock Options To Employees

SUMMARY

In an exchange filing, the company said that each ESOP is convertible into one fully paid-up equity share and will have an exercise price of INR 1 each

The development comes at a time when shares of Tracxn have taken a hit amid bearish sentiment in the Indian equities market and weak Q3 results

Founded in 2013, Tracxn is a market research and data platform that tracks company financials, private funding and cap tables of entities worldwide

Private market intelligence platform Tracxn has allotted 1.34 Lakh stock options to eligible employees under ‘TRACXN Employee Stock Option Plan 2016’.

In an exchange filing, the company said that each ESOP is convertible into one fully paid-up equity share and will have an exercise price of INR 1 each. The options can be exercised within a period of five years from the date of their vesting.

This is the second ESOP plan expansion by Tracxn in a month. Earlier on February 10, the company granted 43,902 stock options under ESOP 2016 plan.

The development comes at a time when shares of Tracxn have taken a hit amid bearish sentiment in the Indian equities market. After touching an all-time low at INR 50.57 on Monday (March 3), shares of Tracxn gained 1.93% to end Tuesday’s (March 4) trading session at INR 53.92. Despite this, the stock is down about 30% year to date.

The company’s shares have also been impacted by its weak Q3 performance. Tracxn’s net profit slid 36% to INR 1.42 Cr in the December quarter of FY25 from INR 2.22 Cr in the year-ago quarter. Operating revenue grew a meagre 1.2% to INR 21.39 Cr from INR 21.14 Cr in Q3 FY24.

Founded in 2013 by Neha Singh and Abhishek Goyal, Tracxn is a private equity market research and data platform that tracks company financials, private funding and cap tables of entities worldwide.

The company raised private investment of $17 Mn from investors like Accel, Elevation Capital, Prime Ventures, Sachin Bansal, Girish Mathrubootham, among others, before going public in 2022.

In a recent investor presentation, the company said that its customer base spanned over 50 countries as of December 31, 2024.

Tracxn claims to have profiled over 4 Mn entities on its platform, along with about 73,000 investors. Its customer base includes PE and VC firms, family offices, M&A teams, government agencies, among others.

In Q3 FY25, the company launched a new platform, Tracxn Lite, which gives users a chance to explore curated data at no cost and comes with strict usage limits.

The company claims to be seeing increased volume of inbound leads in its verticals dedicated to startups, accelerators, incubators and investment banks.