Latest news with #TurboHire
News18
7 days ago
- Business
- News18
TurboHire raises USD 6 million
Agency: PTI Last Updated: New Delhi, Aug 5 (PTI) HR tech firm TurboHire on Tuesday said it has raised USD 6 million (over Rs 52 crore) in a funding round, led by IvyCap Ventures, to scale its global expansion, strengthen product capabilities and deep integrations with tech ecosystem. The company provides strategic hiring outcomes across all recruitment scenarios — from high-volume walk-ins to senior executive hiring, the company said in a statement. 'TurboHire, a leading AI-powered recruitment automation platform for enterprises, has raised USD 6 Million in Series A funding, led by IvyCap Ventures," the statement said. The platform counts over 120 enterprises, including Cipla, Tata Motors, PwC, Britannia, and major conglomerates like RPG Group, Motilal Oswal Group, as its clients. 'It's a game changer for companies serious about AI-led hiring transformation. With IvyCap's support, we're poised to scale this globally," TurboHire's CEO and Co-Founder Deepak Agrawal said. view comments First Published: August 05, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Entrepreneur
7 days ago
- Business
- Entrepreneur
TurboHire Secures USD 6 Mn in Series A Funding Led by IvyCap Ventures
The Hyderabad-based startup plans to use the capital to expand its global presence, enhance product capabilities, and strengthen integration across human resource technology ecosystems. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Enterprise recruitment automation startup TurboHire has secured USD 6 million in Series A funding led by IvyCap Ventures. The Hyderabad-based startup plans to use the capital to expand its global presence, enhance product capabilities, and strengthen integration across human resource technology ecosystems. TurboHire was founded in 2019 by Deepak Agrawal, Rakesh Nayak, and Gaurav Kumar with the aim of addressing inefficiencies in enterprise recruitment. The platform uses agentic artificial intelligence, advanced analytics, and deep integration with major human resource management systems such as SAP SuccessFactors, Oracle HCM, and Workday. It supports hiring across scenarios from large-scale recruitment events to senior executive searches through a single configurable interface. Deepak Agrawal, CEO and Co-founder of TurboHire, said, "Enterprises are under intense pressure to transform, but traditional hiring systems are rigid, slow, and drain executive time. TurboHire brings together AI-powered automation, workflows, and data on one single enterprise-grade platform—with exceptional configurability and integrability. It's a game changer for companies serious about AI-led hiring transformation. With IvyCap's support, we're poised to scale this globally." The company's offerings operate on a business-to-business software-as-a-service model. Enterprises subscribe to the platform to automate and streamline recruitment processes, reduce time-to-hire, and improve overall efficiency. TurboHire's client base includes over 120 organisations such as Cipla, Tata Motors, PwC, Lenskart, Britannia, RPG Group, Motilal Oswal Group, and Ola. Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, added, "TurboHire is not just solving a business problem—it's redefining how enterprises approach talent acquisition in an AI-first world. Their ability to serve large, complex organisations with a configurable, outcome-oriented platform is impressive. With a strong product-market fit, growing global demand, and a future-ready tech stack, we believe TurboHire is well-positioned to lead the next wave of intelligent hiring transformation." With its new funding, TurboHire aims to continue building its capabilities and expanding its reach in the global market. The company's focus remains on delivering technology that enables organisations to treat hiring as a strategic advantage in an increasingly digital business landscape.
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Business Standard
7 days ago
- Business
- Business Standard
TurboHire raises $6 mn Series A to scale AI-led hiring platform globally
Recruitment automation platform TurboHire, which leverages artificial intelligence (AI), has raised $6 million in Series A funding, led by homegrown venture capital firm IvyCap Ventures. With this investment, the company aims to scale its global expansion, strengthen product capabilities, and deepen its integrations with human resource technology ecosystems. The platform is already in use in more than 120 enterprises, including Cipla, Tata Motors, PwC, Lenskart, Britannia, and conglomerates like RPG Group, Motilal Oswal Group, and ANI Technologies (Ola). It delivers strategic hiring outcomes across all recruitment scenarios, from high-volume walk-ins to senior executive hiring, the company said. Founded by Deepak Agrawal, Rakesh Nayak, and Gaurav Kumar in 2019, TurboHire uses AI to enhance hiring speed and accuracy while reducing time-to-hire and manual effort. Speaking on the fundraising, Agrawal, Chief Executive Officer and Co-founder of the firm, said, 'Enterprises are under intense pressure to transform, but traditional hiring systems are rigid, slow, and drain executive time. TurboHire brings together AI-powered automation, workflows, and data on one single enterprise-grade platform, with exceptional configurability and integrability. It's a game changer for companies serious about AI-led hiring transformation. With IvyCap's support, we're poised to scale this globally.' Commenting on the same, Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, said, 'TurboHire is not just solving a business problem, it's redefining how enterprises approach talent acquisition in an AI-first world. Their ability to serve large, complex organisations with a configurable, outcome-oriented platform is impressive. With a strong product–market fit, growing global demand, and a future-ready tech stack, we believe TurboHire is well-positioned to lead the next wave of intelligent hiring transformation.' Another AI-powered recruitment platform, also recently raised an undisclosed amount of funding from LemmaTree. The firm facilitates the hiring of blue-collar workers in food, grocery, quick-commerce, and e-commerce delivery sectors.
