TraqCheck, a New Delhi, India-based provider of AI-driven recruitment and background verification solutions, has raised $8 million in a Series A funding round.
Investors
The round was led by IvyCap Ventures, with participation from IIFL.
IvyCap Ventures is an Indian venture capital firm that manages over $650 million in assets. Headquartered in Mumbai, the firm provides seed- to growth-stage funding for technology-driven startups across sectors such as SaaS, DeepTech, FinTech, and consumer brands.
TraqCheck Use of Funds
The company plans to use the funds to accelerate its expansion across Europe. It also used to increase adoption of its background screening agent, Trace, and to scale its conversational sourcing AI agent, Nina.
About TraqCheck
Founded in 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck is an enterprise AI startup specializing in automated background verification and identity software. Its platform enables enterprises to conduct employee background checks, including criminal record searches, education verification, and identity validation. Headquartered in New Delhi, India, TraqCheck serves over 300 enterprise customers across Europe and India, including major clients such as Reliance Retail and Grant Thornton.
Funding Details
Company: TraqCheck
Raised: $8.0M
Round: Series A
Funding Date: April 2026
Lead Investor: IvyCap Ventures
Additional Investors: IIFL
Company Website: https://www.traqcheck.com/
Software Category: AI Recruitment & Background Verification
Source: https://inc42.com/buzz/traqcheck-raises-8-mn-to-build-ai-agents-for-recruitment/