About TraceX
TraceX is a company based in Bengaluru (India) founded in 2019 by Srivatsa Sreenivasarao. TraceX has raised $1.19 million across 5 funding rounds from investors including Cisco, Indigram Labs and NABVENTURES. The company has 30 employees as of April 07, 2024. TraceX offers products and services including EUDR Compliance Platform, Digital MRV Platform, Sustainability Platform, Food Traceability Platform, and Farm Management Platform. TraceX operates in a competitive market with competitors including EcoVadis, Superplum, Uniqus, FoodLogiQ and FigBytes, among others.
- Headquarter Bengaluru, India
- Employees 30 as on 07 Apr, 2024
- Founders Srivatsa Sreenivasarao
- Stage Minicorn
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Sectors
ConsumerTechnology Agriculture
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Email
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Phone
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Website
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Social
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- Legal Name Tracex Technologies Private Limited
- Date of Incorporation 28 Aug, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$185.81 K (USD)78.29as on Mar 31, 2023
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Net Profit
-$552.07 K (USD)-210.74as on Mar 31, 2023
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EBITDA
-$453.8 K (USD)-116.03as on Mar 31, 2023
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Total Equity Funding
$1.19 M (USD)
in 5 rounds
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Latest Funding Round
$1 M (USD), Seed
Mar 31, 2022
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Investors
Cisco
& 15 more
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Employee Count
30
as on Apr 07, 2024
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Products & Services of TraceX
TraceX offers a comprehensive portfolio of products and services, including EUDR Compliance Platform, Digital MRV Platform, Sustainability Platform, Food Traceability Platform, and Farm Management Platform.
Platform for ensuring EU Deforestation Regulation compliance in supply chains
Tool for measuring and reporting carbon emissions accurately
Platform for managing sustainable practices in agriculture
System for tracking and securing food supply chains
Platform for streamlining farm operations and data insights
People of TraceX
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Leadership Team
2 people
Software Development Team
2 people
Product Management Team
1 people
Full Team
1 people
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Funding Insights of TraceX
TraceX has successfully raised a total of $1.19M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in TraceX
TraceX has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Cisco, Indigram Labs and NABVENTURES.
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Investment management for agriculture, food, and rural ventures in India.
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Family office that invests in founders with scalable ideas
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Sustainable startups are supported via innovation curation and venture funding.
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Investor details for TraceX
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Investments & Acquisitions by TraceX
Investment portfolio details for TraceX
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Financial Statements - TraceX
Detailed financials for TraceX
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Tracex Comparisons
Peer comparison for TraceX
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Competitors of TraceX
TraceX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EcoVadis, Superplum, Uniqus, FoodLogiQ and FigBytes, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Sustainability ratings for supply chains are provided via SaaS platform.
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Superplum is engaged in supplying high-quality, safe-to-eat fresh fruits.
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Provider of accounting, risk, governance, environmental, social, and technology consulting
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Provider of food traceability and safety solutions for food service chains
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Cloud-based KPI compliance management software is provided.
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Cloud-based software for sustainability and ESG management is provided.
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Detailed competitors of TraceX
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Latest news on Tracex
Complete news archive for TraceX
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Frequently Asked Questions about TraceX
TraceX was founded in 2019 and raised its 1st funding round 1 year after it was founded.
TraceX is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Srivatsa Sreenivasarao is the current CEO of TraceX. They have also founded this company.
TraceX is a funded company, having raised a total of $1.19M across 5 funding rounds to date.
As of Apr 07, 2024, the latest employee count at TraceX is 30.
Annual revenue of TraceX is $185.81K as on Mar 31, 2023.
TraceX was founded in 2019 in Bengaluru, India, as a provider of supply chain traceability solutions tailored for food businesses. A blockchain platform is utilized to connect participants such as farmers, producer organizations, and aggregators. Operations encompass farm management, harvest tracking, data analytics, and reporting features. Sustainable sourcing practices are monitored and verified through the system, supporting verification across the food sector.
TraceX offers EUDR Compliance Platform, Digital MRV Platform, Sustainability Platform, Food Traceability Platform, and Farm Management Platform.
TraceX has 16 investors. Key investors include Cisco, Indigram Labs, NABVENTURES, Paipal Ventures, and C Sunil Kumar.
The valuation of TraceX is $4.22M as of Mar 2022.