Tracxn Files DRHP To Offload 3.86 Cr Equity Shares

Tracxn Files DRHP To Offload 3.86 Cr Equity Shares

SUMMARY

Tracxn cofounder Abhishek Goyal & Neha Singh will offload upto 76.6 lakh of equity shares

Elevation Capital will issue offer for sale upto 1 Cr equity shares

Tracxn narrowed its loss to INR 5.3 Cr in FY21 as opposed to INR 54 Cr in FY 20

Bengaluru based Tracxn Technologies Ltd – the parent company of data intelligence platform  Tracxn – has filed its draft red herring prospectus (DRHP) with the market regulator SEBI. The platform’s offer solely comprises an offer of sale of up to 3.86 Cr equity shares. 

As per the DRHP, Tracxn cofounders Abhishek Goyal and Neha Singh will both offload around 76.6 Lakh of equity shares. Flipkart founders Binny and Sachin Bansal will both offload upto  12.6 Lakh of equity shares respectively. Elevation Capital will be offloading upto 1 Cr equity shares. While  Accel India is expected to offload upto 40 lakh equity shares, SCI Investment will sell upto 21 Lakh equity shares. 

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