Jaibir Nihal Singh-founded TraqCheck raises funding at $17 million valuation

TraqCheck, an AI–driven enterprise startup focused on human resources technology, has raised a bridge round at a valuation of $17 million. The startup did not disclose the size of the investment.

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The funding round was led by angel investors Alok Oberoi, chairman of Everstone Capital, and Siddharth Mehta, founder of Bay Capital, with participation from Sivaramakrishnan S. Iyer, an advisor to Bay Capital.

Last year in April, TraqCheck raised an undisclosed amount in funding from Caret Capital and Peyush Bansal's family office, Culture Cap.

Founded in November 2020 by Armaan Mehta, Jaibir Nihal Singh, and Rishabh Jain, TraqCheck builds AI agents for enterprises, beginning with its background verification product. The tool, which relies on deterministic large language model frameworks, automates screening processes to shorten turnaround times and improve compliance for HR teams. It has gained traction across India and more recently expanded into Europe.

The startup plans to use the raised capital to deepen adoption of its background verification solution, launch additional AI-based HR products and expand hiring across product, engineering and growth functions in both India and Europe.

It claims to have more than 200 enterprise clients in banking, financial services, staffing, healthcare and the gig economy. The startup expects revenue to triple in 2025 as demand for automated HR solutions increases.