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TraqCheck raises bridge round at $17 Mn valuation

EntrackrEntrackr · 2m ago
TraqCheck raises bridge round at $17 Mn valuation
Medial

Snippets TraqCheck raises bridge round at $17 Mn valuation TraqCheck, an AI enterprise startup focused on HR systems, has raised a bridge round at a $17 million valuation, for an undisclosed amount. The round was led by angel investors Alok Oberoi (Chairman, Everstone Capital) and Siddharth Mehta (Founder, Bay Capital), with participation from Sivaramakrishnan S. Iyer (Advisor, Bay Capital). The proceeds will be used to scale its background verification product in India and Europe, launch new AI-based HR tools, and strengthen teams in product, engineering, and growth. Founded by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck builds AI agents for enterprises, starting with background verification. Its product uses deterministic LLM frameworks to automate screening processes and reduce turnaround times, helping HR teams improve compliance and efficiency. It has scaled across India and recently expanded into Europe. TraqCheck raised its last round in 2023 at a $14 million valuation. Since then, it has grown rapidly, serving over 200 enterprise clients across BFSI, staffing, healthcare, and the gig economy. The firm is targeting a 3x revenue increase in 2025 as demand for automated HR solutions rises. TraqCheck competes with global background verification and HR tech players like HireRight, First Advantage, and Checkr.

Uniphore raises $260 Mn led by NVIDIA and others

EntrackrEntrackr · 1m ago
Uniphore raises $260 Mn led by NVIDIA and others
Medial

Uniphore raises $260 Mn led by NVIDIA and others Conversational automation platform Uniphore has raised $260 million in its Series F funding round from NVIDIA, AMD, Snowflake, and Databricks, along with existing investors NEA and March Capital. The company’s valuation remained unchanged from its last funding round in February 2022, when it raised $400 million at a valuation of $2.5 billion. The proceeds will be used to expand platform capabilities, strengthen partnerships, and accelerate global operations across the Americas, EMEA, and Asia, Uniphore said in a press release. The company will also continue acquisitions such as Orby AI and Autonom8 to build deeper automation and data capabilities. Founded in 2008, Uniphore provides an enterprise AI platform that connects systems of record, knowledge, and workflows. Its Business AI Cloud allows organizations to deploy AI agents and automate operations while maintaining control over data and governance. The platform is used by more than 2,000 enterprises, including several Fortune 500 companies. Customers use Uniphore to automate customer support, HR processes, and supply chain workflows. The company claims efficiency improvements such as a 31% increase in self-service rates and 500 hours saved monthly in support operations. Uniphore’s business model focuses on subscription-based software and AI deployment services for enterprises. It competes with players such as Observe.AI, Kore.ai, and Cognigy in the enterprise automation and conversational AI space. Back in August this year, Uniphore acquired Orby AI Inc. and Autonom8 Inc for an undisclosed amount. In December last year, the firm had acquired two data companies, ActionIQ and Infoworks.

Infra.Market raises $50 Mn from Mars Unicorn Fund

EntrackrEntrackr · 1y ago
Infra.Market raises $50 Mn from Mars Unicorn Fund
Medial

Infra.Market has raised $50 million from MARS Unicorn Fund which is a joint venture of Liquidity Group and MUFG. With this, MARS and Liquidity investment in the company touched $100 million. The two funds previously invested $50 million in Infra.Market in 2022. While the company didn’t disclose its valuation in fresh funding, Infra.Market was reportedly valued at $4 billion in 2022. Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market sells construction materials, infrastructure goods, and technical equipment. It is targeting the $140 construction materials market, with a strong focus on the infrastructure sector. The company caters to both institutional customers (B2B) and retail outlets (D2R) in the construction materials sector. As per the company, it supplies across 16 states in India and exports to markets such as Dubai, Singapore, Jordan, and Italy, among others. Last year, Infra.Market had divested 10% of its stake worth $20 million in RDC Concrete to investors led by Ashish Kacholia. The former had acquired RDC Concrete for $90 million in September 2021. It also has a majority stake in Strata Geosystems, Equiphunt and Halonix. As of now, Infra.Market has raised around $500 million across equity and debt. According to the startup intelligence data platform TheKredible, Tiger Global was the largest external stakeholder with 21.33% followed by Accel and Nexus Ventures which commanded 16.87% and 8.46%, respectively, before this round. Infra.Market is one of the handful of unicorns in the country which managed over nine-fold growth in gross scale between FY21 and FY23 and remained profitable. As per TheKredible, its gross revenue rose to Rs 11,846 crore in FY23 from Rs 1,240 crore in FY21. During the fiscal year ending March 2023, the firm’s profit slipped 17% to Rs 155 crore from Rs 187 crore in FY22. It competes with Zetwerk, OfBuisness and Moglix.

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