From India to Europe: TraqCheck’s Rapid Expansion TraqCheck, the AI-powered enterprise startup revolutionizing human resources technology, has raised a bridge funding round at a $17 million valuation. While
TraqCheck, the AI-powered enterprise startup revolutionizing human resources technology, has raised a bridge funding round at a $17 million valuation. While the size of the investment was not disclosed, 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 marks another step in TraqCheck’s rapid growth trajectory. The startup, founded in November 2020 by Armaan Mehta, Jaibir Nihal Singh, and Rishabh Jain, has been steadily expanding its footprint across India and recently into Europe, offering AI-driven tools for enterprise HR teams.
TraqCheck’s flagship product is its background verification platform, powered by deterministic large language model frameworks. The tool automates screening processes, reducing turnaround times and improving compliance for HR departments. By using AI agents to streamline operations, the startup has gained traction across banking, financial services, staffing, healthcare, and the gig economy.
“AI is reshaping how HR teams operate,” said Jaibir Nihal Singh, co-founder of TraqCheck. “Our platform helps enterprises not just save time but also ensure accuracy and compliance at scale, something manual processes struggle to achieve.”
The newly raised capital will be used to:
The startup has already signed on over 200 enterprise clients, and with automation solutions becoming increasingly essential for HR, it expects revenue to triple in 2025.
Angel investors Alok Oberoi and Siddharth Mehta cited TraqCheck’s innovative approach and scalable technology as key reasons for backing the startup. This round follows a previous funding round in April 2024 from Caret Capital and Peyush Bansal’s family office, Culture Cap, signaling sustained investor confidence in TraqCheck’s potential.
“Automated HR solutions are the future, and TraqCheck is positioned perfectly to lead the market,” said Oberoi.
TraqCheck’s AI-first approach gives it a competitive edge over traditional HR solutions:
With these advantages, TraqCheck is not just solving existing HR challenges but creating a new standard for enterprise operations.
As enterprises increasingly adopt AI to optimize workflows, TraqCheck is well-positioned to capture market share in HR automation. Its expansion into Europe demonstrates confidence in the global applicability of its solutions, while new AI-driven products promise to address broader HR needs beyond verification, such as talent acquisition, employee engagement, and workflow optimization.
“The HR tech landscape is evolving rapidly,” said Rishabh Jain, co-founder of TraqCheck. “By leveraging AI, we are helping organizations operate faster, smarter, and more compliantly, while also opening new possibilities for HR innovation.”
TraqCheck’s $17 million valuation bridge round underscores the growing demand for AI-driven enterprise HR solutions. With a strong foundation in background verification, over 200 enterprise clients, and ambitious expansion plans, TraqCheck is on track to reshape how organizations manage their human resources both in India and internationally.
As automated HR solutions become a necessity rather than a luxury, startups like TraqCheck are proving that AI is not just a tool but a game-changer for enterprise operations.
