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Tracxn raises $10 million to fund startup incubator TracxnLabs

Tracxn, a research platform for private market investors, has raised $10 million in a round of funding led by Sachin Bansal and Binny Bansal of Flipkart along with other individual investors, reports iamwire. The platform will use the funding to launch an incubator called TracxnLabs, which will invest $20,000 to $50,000 in various startups. Note that Tracxn had recently raised $3.5 million in a round of funding led by SAIF partners in April this year. The platform had said then it would use the money to expand its team of 30 analysts to 150 by the end of the year. Tracxn had also initially received angel funding from the Flipkart co-founders. According to Tracxn, its incubator TracxnLabs, will invest in startups in over 100 sectors that it performs analytics in. The platform encourages users that want to build a startup,…

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