HireSure.ai Raises Seed Funding Co-led By Y Combinator And Three State Capital
HireSure.ai, a Bengaluru-based HRtech platform, has raised $2.5 million (Rs 20.7 crore) in a seed funding round co-led by YCombinator and Binny Bansal’s Three State Capital. San Francisco-based Tribe Capital and Pioneer fund also participated in the funding round.
As per the startup, the raised funds will be used towards product development, hiring talent and strengthening the community.
HireSure.ai | HRTech Startup
Founded by Anurag Dixit, Anshul Mishra, and Ramesh Konatham in 2019, HireSure.ai uses real-time compensation benchmarking data to help companies make compensation decisions and eliminate pay disparities.
The platform also allows companies to communicate their offer to the candidate in the most presentable and engaging manner. It also uses behaviour signals to predict a potential dropout to make course-correction to retain them.
Speaking about the development, Anurag Dixit, co-founder of HireSure.ai, said,
“There is no full-stack solution to provide real-time compensation benchmarks, insights and enable companies to make data-driven compensation decisions for their employees. This results in removing biases in decision-making and reducing pay disparities. We have a first mover advantage in solving this challenge.”
The Bengaluru-based HRtech platform has launched its compensation management platform called “CompUp” which brings all compensation data and insights into one platform.
HireSure.ai claims to have partnered with 200 startups currently including Meesho, Slice, Dream11, Apna, Porter, Dunzo, Khatabook and Rapido. It aims to take this count to 800 startups by the end of CY23. Further, the startup plans on expanding into new geographies such as Southeast Asia and West Asia.
Recently, HR tech startups have gained venture capital interest with several early-stage startups raising significant funding from notable investors.
Earlier in January, InCruiter, an HR-focused tech startup, raised Rs 1 crore in a revenue-based funding round led by Recur Club. Last year in November 2022, Hyderabad-based startup Keka raised $57 million (Rs 465 crore) in its Series A funding round from WestBridge Capital.
Coming back to the development, the round was led by YCombinator, a startup accelerator that provides seed funding for startups. In January this year, YCombinator co-led the $8.3 million seed funding round of proptech startup Landeed. The same month, it also co-led the $3 million seed funding round of Bengaluru-based fintech startup Gullak.
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