Private Equity

Liquidity Events

Tracxn Technologies's Rs.309-Cr IPO subscribed over 2X

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Tracxn Technologies' initial public offering (IPO) - which was a completely secondary offering or offer for sale (OFS) by VC and angel investors as well as the company's founders - was subscribed over 2X. Tracxn co-founders Abhishek Goyal and Neha Singh offloaded 7,662,655 equity shares each. The IPO - with a price range of INR 75-80 per share - also saw Flipkart co-founders Binny Bansal and Sachin Bansal offloading 1,263,096 equity shares each. Other stakeholders, including Delhivery co-founder Sahil Barua, Elevation Capital, and Accel India also offloaded their shares.