Funding · AI & Deep Tech
TraqCheck raises $8m series a from ivycap ventures
By Startup Enthusiast ·
- Date
- Company
- TraqCheck
- What it does
- AI agents for hiring and verification
- Kind
- Funding
- Amount
- $8M
- Stage
- Series A
- Based in
- New Delhi
- Founded
- 2020
- Sector
- AI & Deep Tech
What they do
TraqCheck builds AI agents to automate background checks and candidate sourcing
What happened
The company raised $8 million led by IvyCap Ventures with participation from IIFL
Why it matters
It serves around 300 enterprise clients across India and Europe since 2020
The details
- TraqCheck has raised $8 million in its Series A funding round.
- The investment was led by IvyCap Ventures in April 2026.
- IIFL Fintech Fund participated in this latest funding round.
- The startup plans to use funds for European expansion and product scaling.
- Trace agent handles automated background verification for enterprises.
- Nina agent manages real-time conversational sourcing and qualification.
- The company currently serves approximately 300 enterprise clients.
- Founders Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain founded the firm in 2020.
The bigger picture
- The funding highlights growing demand for agentic AI in HR tech.
- Competitors like TurboHire have also secured recent venture capital.
- This round follows an earlier pre-Series A stage in previous years.
About the business
- TraqCheck operates as a DeepTech AI company based in New Delhi.
- Its core product is a Human Operating System using AI agents.
- Agent Trace performs criminal searches, education checks, and identity verification.
- Agent Nina conducts real-time conversational sourcing, outreach, and qualification.
- Key customers include Bajaj Capital, Reliance Retail, and Grant Thornton.
- The company generates revenue from enterprise client subscriptions.
- It operates primarily in the Indian and European markets.
- The business model focuses on automating manual recruitment processes.
- Clients rely on the platform for scalable background verification solutions.
What happens next
- The company will expand its operations into the European market.
- TraqCheck aims to increase adoption of its Trace agent.
- The firm plans to scale its Nina agent capabilities.
The deal
- Type
- Series A
Investors
- IvyCap Ventures (lead) — Venture capital firm leading the Series A round.
- IIFL Fintech Fund (co-lead) — Investment fund participating in the Series A round.
- Caret Capital (existing) — Led the previous pre-Series A round.
- Alok Oberoi (existing) — Everstone Capital Chairman who invested in the pre-Series A round.
- Peyush Bansal (angel) — Lenskart founder who invested in the pre-Series A round.
Founders
- Jaibir Nihal Singh, Co-founder
- Armaan Mehta, Co-founder
- Rishabh Jain, Co-founder
About TraqCheck
- Product
- AI agents for background verification, candidate sourcing and screening with products Trace and Nina
- Customers
- Global enterprises conducting hiring and background verification of employees across India and Europe
- How it makes money
- B2B SaaS platform charging per background check or enterprise subscription for HR automation
- What sets it apart
- Autonomous AI agents using deterministic LLM frameworks for real-time candidate sourcing and rapid background verification
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