TraqCheck, an AI-driven enterprise startup specializing in HR automation, has raised $8 million in a Series A funding round. The investment was led by IvyCap Ventures, with additional participation from IIFL.
The fresh capital is earmarked for three primary strategic objectives:
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International Expansion: Scaling operations across the European market.
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Product Development: Enhancing the capabilities of its proprietary AI agents.
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Go-to-Market Growth: Accelerating sales efforts within the global enterprise segment.
Founded by Armaan Mehta and Jaibir Nihal Singh, TraqCheck aims to replace manual HR overhead with autonomous agents. Its core product suite includes Trace, an automated agent for background verification, and Nina, a conversational sourcing tool designed to identify and qualify candidates before they ever reach a human recruiter.
The company currently services nearly 300 enterprise clients across India and Europe. This Series A follows a successful seed bridge in September 2023, which saw backing from prominent figures including Lenskart founder Peyush Bansal and Alok Oberoi.
By: Sandhya Bharti
