HR technology firm TraqCheck has secured $8 million (about ₹74.6 crore) in a Series A round led by IvyCap Ventures, with participation from IIFL. Founded in New Delhi in 2020 and now operating from London, the startup is developing an AI-driven “Human Operating System” to automate and streamline recruitment and verification workflows.
Building smarter hiring with AI
TraqCheck seeks to reduce manual hiring tasks by deploying AI agents that manage end-to-end recruitment activities rather than relying on conventional dashboards. Its flagship offerings address verification and candidate engagement across the hiring lifecycle.
The first product, Trace, automates background checks—verifying identity, educational credentials and criminal records. Trace is in use at roughly 300 organisations across India and Europe, positioning the company as a specialist in employment screening for cross-border hiring.
AI assistant for sourcing and shortlisting
The second product, Nina, is an AI-powered hiring assistant available on a subscription model. Operating 24/7, Nina sources candidates, initiates conversations, responds to queries and shortlists suitable prospects for hiring managers, enabling both small enterprises and large corporations to scale their talent pipelines efficiently.
European expansion and regulatory focus
Proceeds from the Series A will be deployed to deepen TraqCheck’s footprint in Europe, drive adoption of its background-verification platform and scale its AI recruitment tools. Entering European markets also requires enhanced data-governance measures; the company is working to meet stringent data-protection requirements such as the GDPR to ensure lawful handling of employee and candidate data.
Growth trajectory and financials
TraqCheck was founded by Armaan Mehta, Jaibir Nihal Singh and Rishabh Jain. The company reported revenue of ₹8.71 crore for the financial year ending March 2025, reflecting rapid top-line growth over the prior period.
Like many fast-scaling startups, TraqCheck is investing heavily to accelerate market expansion. It raised earlier funding from investors including the family office of Peyush Bansal and others during 2024–25. The founding team retains a significant equity stake, and the company—now around 47 employees strong—counts clients such as Bajaj Capital and Reliance Retail as it pursues global growth of its AI-driven hiring and workforce-compliance products.
