TraqCheck Secures Funding for AI-Driven Hiring Platform

TraqCheck, an enterprise software company specializing in AI-powered hiring solutions, has received a fresh round of funding to fuel its global expansion, beginning with the United Kingdom.

• This investment round saw participation from Alok Oberoi, former head of Goldman Sachs' international wealth management division, Aakash Anand, founder of Bellavita, and Caret Capital, a prominent venture firm focused on mobility, distribution, and employment sectors.
• This investment follows an earlier round in April 2024, which involved the family office of Peyush Bansal, founder of Lenskart, alongside Caret Capital.

AI-Powered Background Checks: TraqCheck's Core Offering

TraqCheck's core focus lies in providing AI-powered background check solutions that streamline and enhance the hiring process for businesses.

• The company's advanced AI technology automates background checks, making them more efficient and cost-effective than traditional methods.
• TraqCheck's solutions have gained the trust of over 200 corporations, including industry leaders such as Bajaj Capital, Reliance Retail, Cholamandalam Finance, Yatra, and Grant Thornton.

Global Expansion Strategy: UK First Step

The new funding will be utilized to drive TraqCheck's global expansion strategy, with the United Kingdom being the initial target market.

• The company aims to leverage its AI-driven technology to cater to the growing demand for efficient and accurate background checks in the UK market.

Leveraging AI for Scalable Hiring Solutions

TraqCheck's commitment to AI-powered solutions positions it as a key player in the evolving landscape of hiring technology.

• The company's AI-driven approach enables businesses to make more informed hiring decisions, contributing to a more robust and efficient workforce.

Venture Capital Investment in AI-Driven Hiring

The investment secured by TraqCheck highlights the increasing interest of venture capitalists in AI-driven solutions for the hiring and recruitment industry.

• This investment underscores the belief that AI can revolutionize the hiring process, making it more efficient, reliable, and scalable.

TraqCheck's Vision: Shaping the Future of Hiring

TraqCheck's ambitious vision is to establish itself as a global leader in trusted and scalable hiring solutions.

• The company aims to leverage its AI-driven technology to transform the way businesses hire, making the process more efficient, reliable, and equitable.