Smart hiring platform Third Bracket raises close to Rs 5 crore from HNIs

Third Bracket, a next-gen smart hiring platform, today announced that it has raised close to Rs 5 crore in a seed funding round led by a group of high net-worth individual (HNIs). The startup said the latest investment will further its mission to transform hiring through advanced AI capabilities, radically improve speed-to-hire and bring significant efficiencies to recruitment.

Besides accelerating product innovation, expanding the AI engine that powers smarter, bias-free hiring, the funds will be used to scale operations to meet the growing demand from enterprises, the release notes.

What does Third Bracket do?

Founded in 2023 by Chhandan Chakraborty and Nihar Bose, Third Bracket said its SaaS platform with an embedded AI engine performs the heavy lifting in the front-end of recruitment process from resume authentication to functional skills assessment to cultural fitment of the candidate to the organization, from hiring the right talent and ensuring cultural fitment to upskilling employees and profiling their skills for future growth.

The startup focuses on skill mapping, predictive insights and gap analysis to ensure optimal talent fit and development. It integrates technology, data and strategy to help organisations build future-ready workforces.

"We didn’t start Third Bracket to just tweak the hiring process—we started it to rebuild it from the ground up. Talent is a company's biggest differentiator, yet the way we hire is still riddled with inefficiencies, bias and guesswork," said Chhandan Chakraborty, co-founder, Third Bracket.

"This funding allows us to double down on our vision of intelligent, inclusive and fast hiring—designed for modern teams. We're not here to match résumés to job descriptions—we're here to ensure every hire is the right hire while saving time and cost involved in talent acquisition," Chakraborty added.