New Delhi, 24rd September 2024: TraqCheckan innovative enterprise software company specializing in AI-powered background check solutions, has successfully raised its Pre–Series A funding round, securing a base valuation of over $14 million. Key investors include Alok Oberoi, a seasoned finance leader and former head of Goldman Sachs’ international wealth management division; Aakash Anand, founder of Bellavita; and Caret Capital, a leading venture firm focused on sectors such as mobility, distribution, and employment.
Founded in 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck has rapidly become the trusted partner of more than 200 corporations, including renowned companies like Bajaj Capital, Reliance Retail, Cholamandalam Finance, Yatra, and Grant Thornton. Its AI-powered platform helps businesses streamline their hiring processes with fast, accurate, and reliable background checks.
“We are thrilled to have Alok Oberoi, Aakash Anand, and Caret Capital on board as we scale TraqCheck globally,” said the Founders. “This new funding allows us to expand our presence internationally, starting with the United Kingdom. Our vision is to provide companies worldwide with seamless and effective background check technology that enables confident and efficient hiring at scale.”
This Pre–Series A round follows an earlier investment secured in April 2024, which saw participation from the family office of Peyush Bansal, founder of Lenskart, alongside Caret Capital.
With its global expansion plans underway, TraqCheck remains committed to pushing the boundaries of AI-driven background verification services, offering businesses an edge in speed, cost-efficiency, and accuracy. As it ventures into international markets, TraqCheck is set to establish Indian enterprise software as a leader on the global stage.
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