AI-Powered Startup Is Taking HR Automation to the Next Level
TraqCheck, the Bengaluru-based AI enterprise startup, has just raised a bridge funding round at a $17 million valuation, positioning itself as one of the fastest-growing HR tech companies in India. While the funding size remains undisclosed, the round was led by high-profile angel investors Alok Oberoi and Siddharth Mehta, with additional support from Sivaramakrishnan S. Iyer.
Founded in November 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck is already making waves with its AI-driven background verification tool, automating HR processes for enterprises in banking, healthcare, staffing, the gig economy, and more.
Why TraqCheck Is Turning Heads
TraqCheck’s platform uses deterministic large language models to streamline HR verification, cutting turnaround times and improving compliance. With over 200 enterprise clients across India—and now expanding into Europe—the startup is on a trajectory to triple its revenue in 2025.
“AI is transforming HR, and TraqCheck is leading the charge,” said co-founder Jaibir Nihal Singh. “Our tools don’t just speed up processes—they make them more accurate, compliant, and scalable.”
The Funding Will Supercharge Growth
The latest capital will be used to:
- Expand adoption of TraqCheck’s background verification product
- Launch new AI-powered HR tools
- Grow teams across product, engineering, and growth functions in India and Europe
Investors are betting big on TraqCheck’s ability to reshape enterprise HR, with automation becoming a critical need in high-volume industries like banking and staffing.
From India to Europe: Global Ambitions
With its move into European markets, TraqCheck is positioning itself as a global player in HR automation, offering AI solutions that can handle complex verification processes, multilingual operations, and compliance requirements.
“Automated HR solutions are no longer optional—they’re essential,” said angel investor Alok Oberoi. “TraqCheck is at the forefront of this transformation.”
Why This Matters
TraqCheck is a prime example of how AI is revolutionizing traditional enterprise functions. By automating HR tasks, it saves time, reduces human error, ensures compliance, and sets the stage for smarter, AI-driven workforce management.
For investors and tech watchers, TraqCheck’s rise signals a booming opportunity in AI for HR, with early movers like this startup poised to dominate a rapidly expanding market.
With a $17 million valuation and a global expansion plan underway, TraqCheck is not just another HR startup—it’s a game-changer for enterprise AI. Businesses looking to automate, scale, and optimize HR operations will likely watch TraqCheck closely as it reshapes the future of human resources.
