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Third Bracket Raises Rs 5 Crore to Revolutionize Hiring

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• Raised nearly Rs 5 crore in seed funding from HNIs.
• Aims to transform hiring with advanced AI for faster, bias-free recruitment.
• Established in 2023 by Chhandan Chakraborty and Nihar Bose.

Third Bracket, a smart hiring platform, has revealed the successful raise of a seed funding round, securing nearly Rs 5 crore from a group of high net-worth individuals (HNIs). The startup looks to transform the recruitment process by utilizing cutting-edge AI technologies to enhance speed-to-hire dramatically and enhance recruitment efficiencies.

The funds received will not only drive product innovation faster and grow the AI engine that enables smarter, bias-free hiring but also be used to scale operations due to the growing demand from businesses , as mentioned in their press release.

What is Third Bracket?

Established in 2023 byNihar Bose and Chhandan Chakraborty, Third Bracket provides an AI-powered SaaS platform with an in-built AI engine that automates different segments of the hiring process. These range from resume authentication, functional abilities evaluation, and judgment of candidates' cultural fit in a company. The platform is designed to onboard the right employees while also achieving culture fit, employee upskilling, and skill profiling for future growth.

The startup focuses on skill mapping, predictive insights, and gap analysis to ensure maximum talent alignment and growth. Leveraging technology, data, and strategy, Third Bracket helps organizations create workforces that are fit for the future.

"We didn't start Third Bracket to just tinker with the hiring process we wanted to rebuild it from scratch. Talent is a company's greatest differentiator, but the ways employers are currently trying to find it are riddled with inefficiencies, biases, and risks," said Third Bracket co-founder Chhandan Chakraborty.

"This investment allows us to double down on our commitment to smart, inclusive, and fast hiring specific for today's teams. We're not only looking to match résumés with job descriptions; we're committed to making each hire the right one, while reducing the time and expense of acquiring talent," Chakraborty said.