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MyWays.ai raises funding from Real Time Angel Fund
AI-driven HRtech startup MyWays.ai has raised Rs 80 lakh in a seed funding round led by Realtime Angel Fund (RTAF), a SEBI-registered angel fund that invests in early-stage startups.
According to the startup, the raised capital would be used to expand its user base and scale offerings to become a comprehensive software solution supported by dedicated services.
MyWays.ai offers an AI-driven platform that streamlines and automates the entire recruitment process, from talent discovery & screening to interviews and training, enabling organizations to make informed decisions efficiently and reduce manual efforts by up to 90%.
“We are excited to have Realtime (RTAF) with us as we embark on the next phase of our journey,” said Samyak Jain, an alumnus of IIT Delhi, CEO and Co-founder of MyWays.ai. “With the soft launch of the Hiring Tool Suite, we witnessed a 4x surge in weekly product access requests. This fresh infusion of funds will help us expand our user base and extend our offerings to become a comprehensive software solution supported by dedicated services.”
The startup recently launched its GPT-powered Hiring Tool Suite, including Auto-Source, Auto-Screen, and Auto-Evaluate. It claims to have a network of over 110,000 candidates spanning 800+ colleges and 150+ companies as clients.
Real-Time Angel Fund is a SEBI-registered angel fund that invests in early-stage innovative startups and is sector agnostic, focusing on sectors such as healthtech, fintech, green energy, artificial intelligence, and consumer technology.
Some of its portfolio startups are MyMandi, TransportSimple, Punt Partners, FreshoKartz, MeraTractor, MentorKart, O2Nails, LarkAI, CapitalSetu, and We360.
AI Impact on Hiring
Over the past few months, companies worldwide started adopting AI to boost their growth. One of the primary benefits of using AI in the hiring process is the reduction of workloads. AI has automated many repetitive tasks in the hiring process, allowing professionals to focus on more strategic aspects of recruiting.
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