Enterprise software startup TraqCheck secures funding from Alok Oberoi, others
TraqCheck, an enterprise software startup, has raised an undisclosed amount in a funding round from Alok Oberoi, former head of Goldman Sachs’ international wealth management business; Aakash Anand, founder of Bellavita; and Caret Capital, an early-stage venture firm focused on startups in the mobility, distribution and employment sectors.
The funds will be used for global expansion. ET had earlier reported that the startup aims to expand into global markets in the next two to four years.
Founded in 2020 by Armaan Mehta, Jaibir Nihal Singh, and Rishabh Jain, the New Delhi-based company assists businesses in background verification using artificial intelligence.
It serves over 200 clients including Bajaj Capital, Reliance Retail, Piramal Group, Cholamandalam Finance, Yatra and Grant Thornton.
“We are gearing up to deploy these funds for international expansion and to put Indian software on the world map. We will begin by expanding into the United Kingdom, where we believe our advanced background check technology can help companies hire confidently and at scale,” the founders said in a statement.
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