Tech startup TraqCheck raises new funding from Goldman Sachs’ Alok Oberoi, Bellavity’s Aakash Anand and more

Enterprise software startup TraqCheck has secured a new round of funding to accelerate its global expansion plans. The latest round saw participation from notable investors, including finance veteran and former head of international wealth management firm Goldman Sachs Alok Oberoi, Bellavita founder Aakash Anand and early-stage venture capital firm Caret Capital.

Founded in late 2020 by Armaan Mehta, Jaibir Nihal Singh and Rishabh Jain, TraqCheck has quickly become a trusted partner for over 200 corporates including Bajaj Capital, Reliance Retail, Piramal Group, Cholamandalam Finance, Yatra and Grant Thornton.

The New Delhi-based startup uses artificial intelligence (AI) and machine learning (ML) to provide fast and comprehensive background checks, enabling companies to make informed hiring decisions.

“We are thrilled to have such respected industry leaders join us as investors on the TraqCheck ship. We are preparing to use these funds for international expansion and putting Indian software on the world map,” the founders said.

TraqCheck’s global operations will begin in the UK, where the company aims to help businesses hire at scale using advanced technology.

This funding round follows an earlier investment in April 2024 that included participation from Lenskart founder Peyush Bansal’s family office, Culture Cap and Caret Capital.