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AI-powered recruitment automation platform TurboHire raises $2 million in pre-Series A funding co-led by Pentathlon Venture Capital and Chennai Angels. Telangana Fund, Purvansh Holdings, Mumbai Angels and Hyderabad Angels, as well as Samir Khosla and Francisco Arcilla as global strategic investors. Funds raised will be used to increase product automation and expand global revenue.
“In recruitment automation, we’re not focused on what others have done so far; instead, we’re focused on redefining what’s possible. The team at TurboHire works every day to create the future, and this round is a testament to investors’ belief that TurboHire is Building and leading the global recruitment automation software category,” said Deepak Agrawal, co-founder and CEO of TurboHire.
The company aims to maintain a 20% CMGR figure while growing its international business to 25% of its total revenue. In a statement, the company claimed that it has customers around the world, including India, UK, US, Sweden, Singapore, Australia, Indonesia and more.
“TurboHire has proven to be a fast-growing company in the automation space. With this round, they are on the road to building the recruitment automation category while catering to the global market. They have maintained their Pentathlon VC co-founding since launching in 2019 Principal and Managing Partner Hemant Joshi said: .
Founded in 2019 by Deepak Agarwal, Aman Gour, Abhishek Kabra, Gaurav Kumar and Rakesh Nayak, TurboHire is an AI-driven recruitment automation platform that enables intelligence and mobility among candidates, recruiters, interviewers and approvers decision-making, resulting in lower costs – 65% recruiting time and 78% recruiting time.