Tuesday, November 29, 2022
HomeInsightFunding Alert HireQuotient raises funding led by Binny Bansal

[Funding alert] HireQuotient raises funding led by Binny Bansal

With additional capital led by Binny Bansal, the co-founder of Flipkart, HireQuotient, a Singapore-based startup in the hiring technology sector, is speeding up its US expansion.

With additional capital led by Binny Bansal, the co-founder of Flipkart, HireQuotient, a Singapore-based startup in the hiring technology sector, is speeding up its US expansion.

The firm raised $1.8 million in a pre-Seed round in December 2021 from investors in South East Asia and the US, including Sumant Sinha, chairman of ReNew Power, Mohan Lakhamraju, CEO of Great Learning, Sujeet Kumar, co-founder of Udaan, Kunal Shah, and other investors, as per reported by BW Disrupt.

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Speaking about the funding top-up, Smarthveer Sidana, the Co-Founder & CEO of HireQuotient said: “Few things are as important for a business as trust and belief, and the latest round of funding is a testimony to the confidence our current investor, Binny Bansal, has placed in the vision and mission of HireQuotient. The opportunity is massive and we are ramping up to create more impact. SalesTech and MarketingTech have seen massive disruption in the past 2 decades – Hiring Tech will experience this in the coming decade. I’m confident that my team will deliver exceptional results.

In order to efficiently tap into the worldwide talent pool, the company also offers organisations specialised tools and solutions. Over 40 worldwide industry giants, including Boston Consulting Group, Global PMI Partners, Razer, SP Group, and others, currently use HireQuotient’s technologies to streamline the hiring process for their prospective employees, as per reported by BW Disrupt.

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Binny Bansal, the Co-Founder of Flipkart and investor in HireQuotient said “HireQuotient has been scaling its business at a tremendous pace over the last year. I believe they have the right vision to keep them on this trajectory. It’s truly good to see how Smarth and his leadership team are building a company which has been focusing on culture from Day 1. I am excited to deepen my partnership with them”

About HireQuotient

The mission of HireQuotient is to transform the hiring process by looking beyond the résumé and putting an emphasis on real-skill competencies. Their virtual interviewers revolutionise how companies evaluate candidate skills, assisting them in identifying & screening truly qualified individuals. They launch a range of job simulators to support senior management in making data-driven, objective, and skill-based hiring decisions.

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