TraqCheck Raises Bridge Round at $17Million Valuation
- Bridge round led by Alok Oberoi and Siddharth Mehta
- Plans expansion in India and Europe with new AI HR products
- Serves 200+ enterprise clients; targeting 3x revenue growth in 2025
TraqCheck, an AI-driven enterprise startup specializing in HR systems, has secured a bridge round at a $17 million valuation for an undisclosed sum. The round was led angel investors Alok Oberoi (Chairman, Everstone Capital) and Siddharth Mehta (Founder, Bay Capital), alongside Sivaramakrishnan S. Iyer (Advisor, Bay Capital).
The fresh capital will be deployed to scale its flagship background verification platform across India and Europe, introduce new AI-based HR tools, and strengthen its product, engineering, and growth teams.
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Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain founded , TraqCheck develops AI agents for enterprises starting with background verification. Its deterministic LLM-powered system automates screening processes, cuts turnaround times, and enhances compliance and efficiency for HR teams.
The company has already scaled operations across India and recently entered the European market. Since its last round in 2023 at a $14 million valuation, TraqCheck has expanded rapidly, now serving 200+ enterprise clients across BFSI, staffing, healthcare, and gig economy sectors. With rising demand for automated HR solutions, it is aiming for 3x revenue growth in 2025.
TraqCheck operates in a competitive global market, going up against established players like HireRight, First Advantage, and Checkr.
