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<keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword>, Chairman Emeritus of <keyword id="46894" type="PERSON" weightage="100" keywordseo="Tata-Sons">Tata Sons</keyword>, has recently invested an undisclosed amount in <keyword id="2779670" type="UNKNOWN" weightage="100" keywordseo="Tracxn">Tracxn</keyword>, the Bengaluru-based startup intelligence platform. 
 
With this development,Tracxn has joined the list of almost two dozen startups and tech companies that Tata has backed in the past two years, including Snapdeal, Ola Cabs, Paytm, Urbanladder, Xiaomi, UrbanClap and DogSpot. 
 
He is also involved with venture capital firms like Kalaari Capital, IDG Ventures India and Jungle Ventures in the capacity of an advisor. 
Talking of Tracxn, it has raised angel funding from Flipkart's co-founders Sachin and Binny Bansal, Delhivery's CEO Sahil Barua and $3.5 million in series-A funding from SAIF Partners. 
 
The company was founded in 2013 by former venture capital investors Neha Singh (ex-Sequoia Capital) and Abhishek Goyal (ex-Accel Partners), and tracks over 100 sectors including enterprise infrastructure, enterprise applications, technology, consumer, mobile, digital marketing, health, education. 
 <keyword id="2928014" type="UNKNOWN" weightage="100" keywordseo="Tracxn-Labs">Tracxn Labs</keyword>, an angel invest fund, and <keyword id="3401467" type="UNKNOWN" weightage="100" keywordseo="Tracxn-Syndicate">Tracxn Syndicate</keyword>, an angel investment group are also run by Tracxn, putting it in competition with Let's Venture, which is another fundraising platform that has been backed by Tata. 
 
In its clientele, Tracxn boasts of venture capital funds, private equity firms and corporate development teams who use the services provided by the company it to spot investment, merger and strategic partnership opportunities in different sectors. Some of these names include Andreessen Horowitz, Sequoia, SoftBank, Google Capital, VMWare, GE and LG. 
 
In the past one year, Tracxn has increased its number of analysts assigned to exclusively tracking startups from 25 to 125. The client base has also seen a 400% increase to over 300 customers across 20 countries in the past 12 months. 
 
"Ratan Tata is a trusted household name &amp; his way of building things has played a critical role in how our thoughts shaped up in early days of our lives," Goyal told ET. "As we rapidly expand across geographies, his unconventional ways of building large companies with high diversity will be very useful," he continued. 
 
<a href="http://www.in.techradar.com/photo/47922351.cms">Image source</a>

Ratan Tata just invested in this startup intelligence platform!

New Delhi, May 18 () Agritech startup Eggoz, which is into the business of egg production, has raised Rs 2.5 crore from investors to fund its expansion plans. Founded in December 2017, the startup is a full-stack egg producer of nutrition-rich eggs. It operates a network of poultry farms in Bihar and Madhya Pradesh. Eggoz has raised Rs 2.5 crore as part of its seed funding. It had earlier secured Rs 1.2 crore from a clutch of angel investors. The seed funding round saw participation of investors like Tracxn Labs, Angellist, Tri-Deep Capital, founders of Letstransport, and angel investors along with existing investors - Narendra Sankar, Sunil Mishra, and Vishal Sharma, the company said. Eggoz has so far sold over two crore eggs and has more than 1,00,000 birds under management. It has developed a new farming model for small-scale commercial egg farming. With Eggoz's technology and integration platform, farmers can rear flock sizes starting from 500 birds at affordable initial investment and less land requirement," said Uttam Kumar, founder of the company. With these efforts, Eggoz poultry farming is one of the most profitable and stable businesses to generate allied income for many marginal farmers as well as to fulfill protein-enriched food requirement of the growing population, Kumar added. Eggoz works with farmers at several locations in north India, using nutritional engineering and technology. Abhishek Goyal, Founder of Tracxn Labs, said: "India's egg supply chain is largely unorganised. There is an opportunity for a player to implement best practices in production and create a trustworthy consumer brand. We were quite impressed by the founding team passion to solve this market." The company was founded by Abhishek Negi, Uttam Kumar, Aditya Singh and Pankaj Pandey. MJH ANSANSANS

Agritech startup Eggoz raises Rs 2.5 crore to fund expansion

<ul class="summary-list"><li>Malta, a small Mediterranean island that attracts <a target="_blank" href="https://www.businessinsider.com/sc/malta-safe-summer-travel-destination-europe-2021-7">wealthy tourists,</a> might be the next AI center.</li><li>It's using AI to automate tasks, improve education, and solve traffic issues.</li></ul>Silicon Valley isn't the only hotspot in the AI boom.Malta, a small island in the Mediterranean Sea, is leaning heavily into the technology. Its businesses, universities, and the government are embracing AI as a way to automate tasks, improve education, and even solve rush hour traffic jams.The country has a population of just over 500,000, but it already has 56 AI startups, according to startup tracker Tracxn Technologies. That's about 1 startup for every 9,500 people. Meanwhile, the United States, which has a population of over 330 million, has around 24,000 AI startups by Tracxn's count. Or 1 for about every 14,000 residents.The country has long made headlines as a <a target="_blank" href="https://www.businessinsider.com/sc/visit-malta-safely-this-holiday-season-2021-11">hot spot for wealthy tourists</a>. Its <a target="_blank" href="https://www.businessinsider.com/golden-visa-passport-malta-citizenship-by-investment-wealthy-americans-europe-2023-2">"golden passport,"</a> which gives rich foreigners citizenship in exchange for investing a certain amount of money in the country, was the second most sought-after foreign passport program for Americans last year.It also began pouring money into artificial intelligence before the ChatGPT-fueled AI arms race began.In 2019, Malta <a target="_blank" href="https://malta.ai/wp-content/uploads/2019/11/Malta_The_Ultimate_AI_Launchpad_vFinal.pdf">outlined a vision</a> to be the "Ultimate AI Launchpad" by 2030. The goal was for Malta to become "a place in which local and foreign companies and entrepreneurs can develop, prototype, test, and scale AI, and ultimately showcase the value of their innovations across an entire nation primed for adoption." AI would "springboard from Malta to the world."Those efforts stalled between the pandemic and a turn of the political administration. Now, under the <a target="_blank" href="https://www.businessinsider.com/european-union-trying-regulate-ai-artificial-intelligence-could-backfire-2024-3">EU's AI Act</a> — the region's sweeping AI legislation, which bans unacceptable use cases — Malta is working on a new AI strategy, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-24/a-tiny-mediterranean-island-wants-a-piece-of-the-global-ai-frenzy">Bloomberg reported</a>.Those at the center of this renewed effort are focused on safely deploying the technology. They're developing initiatives to combat job displacement and ethical frameworks, for instance."Foresight in recognizing the importance of AI has given Malta a head start in the field of AI, and it continues to be a leader in the industry today," Alexiei Dingli, a professor of artificial intelligence at the University of Malta, who's leading Malta's endeavors, including the traffic jam project, told Bloomberg.

This tiny island nation has more AI startups per capita than the United States

Total funding raised by <keyword id="17404081" type="General" weightage="20" keywordseo="mom-and-baby-care-startups" source="Orion">mom and baby care startups</keyword> and companies was $418 million in 2022, a plunge of 80 per cent from $2.1 billion in 2021, a report has shown. <keyword id="17404082" type="General" weightage="20" keywordseo="Mom-Baby-Care-companies" source="Orion">Mom &amp; Baby Care companies</keyword> in the US have raised $5 billion till date, while those in China and India raised $2.8 billion and $1.4 billion, respectively, according to Tracxn, a leading global SaaS-based market intelligence platform. The drop in funding is majorly due to the absence of late-stage investments. Seed-stage funding in Q1 2023 fell 21 per cent as against Q1 2022 but jumped 444 per cent from Q4 2022. Early-stage investments in the first quarter of 2023 rose 158 per cent when compared with Q4 2022, but dropped 64 per cent from Q1 2022, the report noted. The sector attracted investments worth $21 million in Q1 2023, compared with $3.86 million in Q4 2022 and $26.5 million in Q1 2022. "The space is seeing minimal or no activity in terms of unicorns and IPOs. In 2022 and 2023 till date, no new unicorn companies were created in this space," the report mentioned. No IPOs have taken place in 2023 so far, while 2022 witnessed one company and 2021 witnessed two companies going public. In terms of funding, <keyword id="17404084" type="General" weightage="20" keywordseo="Gamified-learning-platforms" source="Orion">Gamified learning platforms</keyword> for Pre-K children is the top-funded business model in the last two years in this space, followed by Online Retailers and Breast Pumps. 500 Global, Techstars and New Enterprise Associates are the most active investors in this space till date. IPV, Angel List and Techstars are the top seed-stage investors and Innoven Capital, Andreessen Horowitz and Sequoia Capital are the top early-stage investors, while Sequoia Capital, General Atlantic and IPGL are the top late-stage investors in the last two years. The pandemic accelerated the growth of the Mom &amp; Baby Care space, giving rise to innovation in this segment. The rise in the working class population with a higher disposable income, is also a supporting factor for growth in this space, said the Tracxn report. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/tata-motors-posts-net-profit-of-5408-crore-in-q4-beats-estimates/articleshow/100189259.cms">Tata Motors posts net profit of ₹5,408 crore in Q4, beats estimates</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/adani-hindenburg-row-sc-hints-at-granting-sebi-extension-on-probe-report-to-decide-on-may-15/articleshow/100185994.cms">Adani-Hindenburg row: SC hints at granting SEBI extension on probe report, to decide on May 15</a>

You Searched For "tracxn" and got 4 results

Ratan Tata just invested in this startup intelligence platform!

BI India Bureau

Agritech startup Eggoz raises Rs 2.5 crore to fund expansion

PTI

This tiny island nation has more AI startups per capita than the United States

Lakshmi Varanasi

Funding into mom & baby care companies plunges 80%, no new unicorns

IANS

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