TraqCheck Raises Over $14 Million in Pre-Series A Funding, Plans Global Expansion

TraqCheck, an AI-powered business background check software company, has raised over $14 million in a Pre-Series A funding round. Investors include Alok Oberoi, former head of international wealth management at Goldman Sachs, Aakash Anand, founder of Bellavita, and Caret Capital, a prominent venture capital firm.

A fast-growing solution for corporations

Founded in 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck has quickly gained popularity in the enterprise software industry. Its AI-powered platform streamlines recruiting for over 200 major corporations, including Bajaj Capital, Reliance Retail, Cholamandalam Finance, Yatra, and Grant Thornton.

TraqCheck technology is designed to provide businesses with accurate, fast and reliable employee background checks so they can make informed hiring decisions at scale.

Scaling with new investment

With fresh capital from anchor investors, the company plans to expand internationally, starting with the UK. “We are thrilled to have Alok Oberoi, Aakash Anand and Caret Capital support us in our global expansion,” the founders said, emphasising the importance of providing seamless background check solutions to businesses across the globe.

The pre-Series A funding round follows an earlier investment in April 2024 in which the family office of Peyush Bansal, founder of Lenskart and Caret Capital participated.

Conclusion: The leader in AI-powered background checks

With a solid customer base and a vision of global expansion, TraqCheck is well on its way to becoming a leader in AI-powered background check technology. As the company enters new markets, its innovative solutions are expected to provide companies with greater efficiency, accuracy and speed in their recruitment processes. TraqCheck is setting the stage for Indian enterprise software to make a significant mark on the global landscape.

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