AI-driven hiring and verification startup TraqCheck has raised $8 million in a Series A funding round led by IvyCap Ventures, with participation from IIFL.
The fresh capital will be used to accelerate the company’s global expansion, particularly in Europe, while strengthening its AI-powered hiring and verification solutions.
Focus on Global Expansion and Product Growth
TraqCheck plans to deploy the funds across key strategic areas:
- Expanding operations in European markets
- Scaling adoption of its background verification platform “Trace” among large enterprises
- Enhancing its AI hiring assistant “Nina”
These initiatives are aimed at transforming traditional hiring workflows into faster, more efficient, and AI-driven processes.
Building the Future of AI-Powered Hiring
At the core of TraqCheck’s offering is its AI hiring assistant “Nina,” designed to streamline talent acquisition.
Key Capabilities:
- Identifies candidates in real time
- Initiates conversational engagement
- Shares shortlisted profiles directly with hiring managers
This reduces manual effort and accelerates hiring cycles, making recruitment more efficient for enterprises.
Meanwhile, its verification platform “Trace” helps companies validate:
- Identity and background
- Educational credentials
- Criminal records
Investor Confidence in AI-Native HR Platforms
Investors highlighted TraqCheck’s potential to redefine enterprise hiring.
Vikram Gupta, Founder and Managing Partner at IvyCap Ventures, noted that the company is building a deeptech, AI-native platform that transforms hiring workflows using autonomous agents.
Similarly, Mehekka Oberoi from IIFL emphasized that TraqCheck is creating a fully integrated AI system, replacing legacy HR software rather than simply enhancing it.
💡 Key Insight:
The company’s “Human Operating System” approach positions it as a potential category-defining player in HR technology.
Strong Customer Base Across Industries
Founded in 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck has rapidly scaled its presence.
The startup currently serves 300+ enterprise clients across India and Europe, including:
- Bajaj Capital
- Cholamandalam Finance
- Reliance Retail
- Yatra
- Grant Thornton
Why This Funding Matters
This funding round reflects broader trends in the HR tech ecosystem:
- Rising adoption of AI in recruitment and verification
- Shift toward automation and real-time hiring workflows
- Growing demand for integrated, end-to-end HR platforms
As enterprises increasingly look to reduce hiring friction, platforms like TraqCheck are becoming critical infrastructure.
Conclusion
TraqCheck’s $8 million Series A funding marks a significant milestone in its journey to transform hiring through AI.
With a strong product suite, growing enterprise adoption, and a clear global expansion strategy, the company is well-positioned to play a key role in shaping the future of HR technology.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.