Tracxn approves Rs 8 crore share buyback at over 20% premium

Tracxn Technologies, the Bengaluru-based market intelligence platform, has approved a share buyback program worth almost Rs 8 crore, the company said in a stock exchange filing on Monday. The buyback will be executed through the tender offer route, with a fixed repurchase price of Rs 70 per share, about a 20% premium over Monday's closing price of Rs 57.49 on the NSE.

The company’s buyback committee, which met on July 7, cleared the proposal to repurchase up to 11,42,857 fully paid-up equity shares. This represents just over 1% of the 10.69 crore outstanding shares as of March 2025.

Tracxn has fixed July 18, 2025, as the record date for determining shareholder eligibility for participation in the offer.

The decision comes at a time of financial stress for the SaaS-based data platform. Tracxn slipped into the red in the March quarter, reporting a net loss of Rs 7.6 crore in Q4 FY25, a stark contrast to a net profit of Rs 1.4 crore during the same period last year. Revenue from operations rose marginally by 3.9% year-over-year to Rs 21.1 crore.

For the full fiscal year, the company reported a net loss of Rs 9.5 crore, compared to a Rs 6.5 crore profit in FY24. Operating revenue grew just 3% to Rs 84.5 crore.

Founded in 2013 by former venture capitalists Neha Singh and Abhishek Goyal, Tracxn tracks startups and private companies worldwide. It provides granular data on funding rounds, cap tables, shareholding structures, and financials