Tracxn Technologies announced a Q4 revenue of INR 20.5 crore for FY26, reaching INR 84 crore overall. However, the company reported negative EBITDA and PAT. Despite this, they managed to increase customer accounts by 19% year-over-year, ending FY26 with 2,289 accounts.
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Tracxn Technologies has reported a net loss of INR 2.63 crores for the fiscal year ending FY2025-26. The company's board has made changes to its auditors, reappointing SPR & Co. as internal auditor and bringing on a new statutory auditor.
Despite a decrease in the number of deals, India's tech firms collectively secured $11.7B in FY26, according to Tracxn's report. This suggests that while there were fewer investment opportunities, the available ones attracted larger investments, indicating a concentration rather than a retreat in the sector.
Tech funding in India saw a significant 23% drop in the fiscal year 2026, reaching approximately $10.9 billion, as reported by Tracxn. However, this figure represents an 13% increase compared to $9.7 billion in FY24, indicating a slight recovery from previous lows.