Business EconomyPosted at: Sep 20 2024 4:03PM


TraqCheck raises another round of investment

New Delhi, Sep 20 (UNI) TraqCheck, an enterprise software company has raised another round of investment from Alok Oberoi, a seasoned finance professional and former head of Goldman Sachs' international wealth management division; Aakash Anand, founder of Bellavita; and Caret Capital, a leading venture firm focused on mobility, distribution, and employment sectors to accelerate its global expansion plans.
Founded in 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck has swiftly established itself as a reliable partner for over 200 corporations, including industry giants like Bajaj Capital, Reliance Retail, Cholamandalam Finance, Yatra, and Grant Thornton.
The New Delhi-based company provides advanced, AI-powered background check solutions, helping businesses make fast, accurate, and informed hiring decisions, the company said in a release.
“We are excited to welcome such respected investors aboard the TraqCheck journey. With this new capital, we are poised to expand our operations globally, starting with the United Kingdom. Our cutting-edge background check technology is designed to help companies hire with confidence and at scale,” said the founders of TraqCheck.
This funding round follows an earlier investment in April 2024, which saw participation from the family office of Peyush Bansal, founder of Lenskart, along with Culture Cap and Caret Capital.
As TraqCheck embarks on its global journey, it continues to innovate and integrate AI technologies that enhance hiring processes, delivering speed, cost-efficiency, and accuracy.
TraqCheck is committed to positioning Indian software on the global stage as a trusted solution for companies worldwide, the company said.
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