In a transformative leap for India’s HR technology landscape, TraqCheck, an AI-driven enterprise startup co-founded by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, has raised a bridge funding round at a commanding $17 million valuation. Announced on September 10, 2025, this milestone underscores TraqCheck’s rapid ascent in the human resources technology sector, with its innovative AI-powered solutions reshaping how enterprises approach background verification and HR operations. While the exact funding amount remains undisclosed, the round was led by prominent angel investors Alok Oberoi, Chairman of Everstone Capital, and Siddharth Mehta, Founder of Bay Capital, with participation from Sivaramakrishnan S. Iyer, an advisor to Bay Capital. This infusion of capital positions TraqCheck to scale its operations across India and Europe, launch new AI-driven HR tools, and solidify its place as a global contender in the HR tech arena.
Table of Contents
Pioneering AI in HR Solutions
Founded in November 2020, TraqCheck has quickly emerged as a trailblazer in the HR technology space. The Bengaluru-based startup specializes in AI-driven background verification, leveraging deterministic large language model (LLM) frameworks to automate screening processes. Unlike traditional methods, which are often plagued by delays and inaccuracies, TraqCheck’s platform delivers speed, accuracy, and compliance, making it a preferred choice for over 200 enterprise clients across sectors like banking, financial services, staffing, healthcare, and the gig economy. Notable clients include industry giants such as Bajaj Capital, Cholamandalam Finance, Reliance Retail, Samvardhana Motherson, Yatra, and Grant Thornton.
The company’s flagship product, an AI-powered background verification tool, streamlines the vetting process by automating data collection and analysis, significantly reducing turnaround times while ensuring regulatory compliance. This technology has gained significant traction in India and has recently expanded into Europe, marking TraqCheck’s first foray into international markets. With a client base spanning diverse industries, the startup is addressing a critical need for reliable, scalable HR solutions in an era where automation is becoming indispensable.
Strategic Funding to Fuel Global Ambitions
The bridge funding round, which elevates TraqCheck’s valuation from $14 million in its 2023 round to $17 million, reflects growing investor confidence in its vision and execution. The capital will be deployed across three key areas: scaling the adoption of its background verification platform, developing new AI-based HR tools, and expanding hiring in product, engineering, and growth functions in both India and Europe. Co-founder Jaibir Nihal Singh emphasized the startup’s mission, stating, “AI is reshaping how HR teams operate. Our platform helps enterprises save time, ensure accuracy, and achieve compliance at scale, something manual processes struggle to deliver.”
TraqCheck’s strategic roadmap includes launching a suite of innovative HR tools designed to address resource-heavy processes, from recruitment to employee onboarding. By embedding AI into these workflows, the startup aims to redefine enterprise HR operations, making them more efficient and adaptable across geographies. The expansion into Europe, in particular, signals TraqCheck’s ambition to compete with global HR tech giants like HireRight, First Advantage, and Checkr, while maintaining its edge in the Indian market.
A Stellar Team and Investor Backing
The success of TraqCheck can be attributed to the vision and expertise of its founding trio—Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain. Their focus on building scalable, AI-driven solutions has resonated with investors and clients alike. The latest funding round, led by Alok Oberoi and Siddharth Mehta, both seasoned investors with a track record of backing high-growth startups, underscores TraqCheck’s potential to become a global category leader. Sivaramakrishnan S. Iyer’s participation further strengthens the startup’s investor roster, bringing strategic insights to fuel its growth.
Investor Siddharth Mehta highlighted TraqCheck’s unique value proposition, noting, “We are building for scale from day one, ensuring our solutions work seamlessly across geographies and sectors.” This sentiment is echoed by the startup’s robust growth metrics, with TraqCheck projecting a threefold revenue increase in 2025, driven by rising demand for automated HR solutions. The company’s ability to attract high-profile investors and enterprise clients reflects its strong market positioning and technological innovation.
Redefining HR in a Digital Age
The HR technology market in India, valued at $1.2 billion in 2024 and projected to grow at a 9.5% CAGR through 2030, is witnessing a surge in demand for automation-driven solutions. As enterprises grapple with the complexities of hiring in high-volume industries like banking and the gig economy, TraqCheck’s AI agents offer a compelling solution. By automating tedious tasks and ensuring compliance with regulatory standards, the startup is addressing pain points that have long hindered traditional HR processes.
TraqCheck’s expansion into Europe is a bold step toward global leadership. The startup’s ability to tailor its solutions to diverse markets while maintaining a focus on accuracy and efficiency sets it apart from competitors. With plans to hire aggressively across product, engineering, and growth teams, TraqCheck is gearing up to meet the growing demand for its services, both domestically and internationally.
A Bright Future Ahead
TraqCheck’s latest funding round is more than just a financial milestone; it’s a testament to the startup’s potential to revolutionize HR technology. By combining cutting-edge AI with a deep understanding of enterprise needs, TraqCheck is paving the way for smarter, more efficient HR operations. The involvement of high-profile investors and the leadership of Jaibir Nihal Singh and his co-founders position the startup for exponential growth in the coming years.
As TraqCheck continues to innovate and expand, it is set to redefine how enterprises approach HR, making processes faster, more reliable, and scalable. With a clear vision and robust backing, TraqCheck is not just keeping pace with the HR tech revolution—it’s leading it.
Last Updated on Thursday, September 11, 2025 2:54 pm by Entrepreneur Edge Team https://entrepreneuredge.in/
About The Author
Leave a Reply