YCombinator and Binny Bansal's Three State Capital led a $2.5 million seed fundraising round for the HRtech company HireSure. Tribe Capital and Pioneer Fund, both of San Francisco, also took part in the round. The company intends to use the capital to grow the engineering and product teams for product development, strengthen the community, and create new products. The platform will revolutionise how compensation processes are handled in businesses, increasing employees' perceptions of fairness.

CompUp, a full-stack compensation management platform that compiles all compensation data and insights in one location, has also been launched, according to the company. Companies will utilise this to compare "Total incentives," strategize, and convey them to staff and recruits. We think that only when businesses band together to democratise access to real-time compensation benchmarks can the problem of pay discrepancies be resolved. Anurag Dixit, co-founder of HireSure.ai, stated that this is the reason why "Total Rewards" leaders of financed businesses are joining forces with us to create an invite-only community.

The startup, which was established in 2019 by three IIT Kanpur alumni named Dixit, Anshul Mishra, and Ramesh Konatham, leverages real-time compensation benchmarking data to assist businesses in making more effective compensation decisions and removing pay inequalities. According to HireSure, it wants to help businesses use data to make rational and equitable hiring decisions, starting with remuneration, in order to achieve pay equity.

"At the moment, different systems' silos of compensation data exist. CompUp, our platform, gathers compensation information from many systems and generates insights to help users make better compensation decisions, according to Anurag. "Salaries make up more than half of the global GDP. However, there isn't a full stack solution that can offer real-time compensation benchmarks, insights, and also let businesses decide how much to pay their staff based on data.

India is also the world's largest market for qualified workers, according to HireSure, with a $3 billion market that is increasing at a CAGR of 22%. Over 200 financed startups in India have worked with the company thus far, including Meesho, Slice, Dream11, Apna, Porter, Dunzo, Khatabook, and Rapido. By the end of 2023, we hope to have partnered with roughly 800 companies. After that, we'll broaden our service to include Southeast Asia and the Middle East. Satheesh K. V., a co-founder of Spottabl and a former senior director of human resources at Flipkart, has also been added to the company's advisory board.