TraqCheck has raised US$8 million in a Series A funding round led by IvyCap Ventures, with support from IIFL.
The company will use this money to expand its business in Europe and grow the use of its background checking tool, “Trace,” among large companies.
It will also use part of the funds to improve and scale its AI hiring assistant, “Nina,” which helps companies find and connect with candidates through conversations.
Commenting on the fundraise, Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, said, “TraqCheck is building a compelling DeepTech AI-native platform that reimagines how hiring workflows are executed. The team has demonstrated strong product vision and execution in applying autonomous agents to solve real enterprise challenges in talent acquisition and verification. We are delighted to partner with the TraqCheck team as they scale globally and help shape the future of HR operations.”
Mehekka Oberoi, Fund Manager, IIFL Fintech fund, said, “At IIFL Fintech Fund, we back companies building deep, defensible infrastructure at the intersection of AI and enterprise workflows. TraqCheck is exactly that — a vertically integrated AI-native platform that is not layering intelligence onto legacy HR software but replacing it altogether. The Human Operating System thesis resonates with us deeply: as agentic AI moves from experimentation to production in enterprise environments, companies like TraqCheck that own the full workflow stack — sourcing, screening, verification — are positioned to become category-defining infrastructure. We are excited to partner with the team as they scale this vision across India and Europe.”
Founded in 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck is an AI-based platform that helps companies check employee backgrounds. It can verify things like criminal records, education, and identity.
The startup is now focusing on building AI tools for hiring. These tools can find candidates in real time and start conversations with them.
They can also share shortlisted candidate profiles directly with hiring managers, making the hiring process faster and easier.
TraqCheck already has more than 300 enterprise customers in India and Europe, including companies like Bajaj Capital, Cholamandalam Finance, Reliance Retail, Samvardhana Motherson, Yatra, and Grant Thornton.
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