Neha Singh, Co-founder of Tracxn, gave his reaction to the Post-Union Budget 2023–2024, which was presented by Finance Minister Nirmala Sitharaman on Wednesday.
“India has evolved to be the third-largest startup ecosystem globally and is one of the leading countries in terms of funding among middle-income countries. The Indian government has been actively working to support the growth of startups in the country. It all began in 2016 with the introduction of “Startup India,” which was followed by numerous other initiatives of a similar nature, including the Fund of Funds for Startups (FFS), the Startup India Seed Fund Scheme (SISFS), the Credit Guarantee Scheme for Startups (CGSS), etc. By streamlining procedures and regulations, these initiatives made it easier to do business and to access financing.
Neha is the co-founder of Tracxn, a Private Market Intelligence Platform. Prior to Tracxn Neha was a Venture Capitalist at Sequoia Capital. Before Sequoia, Neha was a Consultant at The Boston Consulting Group (BCG). Engineer by background, Neha did her BTech & MTech in Computer Science & Engineering from IIT Bombay where she graduated with Institute Silver Medal.
Multiple helpful policies have been implemented into the current budget to support the nation’s startup ecosystem in light of the continuing inflation and funding slowdown. One of the key points announced by the finance minister is the extension of the date of incorporation for income tax benefits to start-ups from FY23 to FY24. In addition, the government has stated that startups will be able to carry forward their losses for up to 10 years. To accelerate the development of AgriTech firms, an agriculture accelerator fund will be established. The creation of a national data governance policy will make anonymized data available for a range of applications, creating a plethora of business opportunities. These are a few of the significant measures that have been announced this year among many more that will all aim to improve the nation’s overall startup ecosystem”
She also got the Google Women in Engineering Award recognizing women student achievers in the field of CS. Neha did her MBA from Stanford Graduate School of Business. She has been awarded Fortune 40 under 40 by Fortune India Magazine, Outstanding Women Award by Outlook Business.
Founded in 2013 by ex-Venture Capitalists, Abhishek Goyal and Neha Singh, Tracxn is one of the world’s largest platforms for tracking 1.4 million entities through 1,800 feeds categorized across industries, sectors, sub-sectors, geographies, affiliations and networks globally. It is powered by a unique combination of human analysts and technology that scans through billions of data points to build one of the most relevant data intelligence platforms.
Tracxn currently has more than 800 customer accounts in 50+ countries across the world.
Backed by investors such as Accel Partners and Sequoia, Tracxn currently has 850+ customer account across more than 50 countries around the world. Tracxn’s clientele includes VCs, PE Funds, M&A and Innovation teams of Fortune 500 companies and Investment Banks who use Tracxn data for daily deal sourcing, identifying M&A targets, deal diligence and tracking emerging themes across Industries & Markets. The platform is also used by various Governments, Accelerators & Incubators, and Universities for tracking innovative companies and sectors. Tracxn has featured Forbes Top 100 Global Analytics Startup List (2015), and Fortune 40 under 40 (2018).