Hi Aadhar,
Thanks for sharing the detailed post and insightful thoughts.
I have a question on the possibility of scaling top line with cutting interest rates and more funding flowing to private market. Is tracxn’s top line proportional to private equity funding or number of customers deploying the funds? In other words, if interest rates reduce, and as more funding flows in, it may be coming from the same set of customers who already have accounts with Tracxn. So they do not need to open more accounts. Therefore, while funding may grow, Tracxn’s top line may not since number of individual PE / VC firms may increase. More funding in PE space may simply come from most of Tracxn’s existing customers. So, while there may be some increase in the top line with easing interest rates, do you expect a big jump?
By the way, your bull case optionalities do seem real business cases and wish Tracxn management is thinking on those lines.
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