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, startups in crowded sectors, users that have startup ideas but don't want to startup, and users with an idea and a team to apply for this program. The platform will then match up interested developers with ideas they want to work on in case a user doesn’t want to work on their own idea. Tracxn mentions it will not ask startups for equity and will potentially give them $50,000 to $60,000 for developing a minimum viable product (MVP). Other than this, startups will gain access to Tracxn’s sector research platform to scan relevant markets, work with analysts to understand trends and feedback on ideas. Users who had the original idea,…
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