Mumbai: HireHunch, a Bangalore-based B2B tech recruitment platform has announced raised $500,000 funding in a seed round.
Venture Captial firm and angel investors
Waveform Ventures – an early venture capital firm led this seed funding round along with the participation of other angel investors.
Marquee angels like Alok Mittal, Saurabh Bansal, Ramneek Khurana, Deepak Singh Ahlawat, Kshitij Jain, Ram Kuppuswamy, Gunjan Srivastava, Ajay Gopalkrishnan and more invested in this tech recruitment platform, which offers interview-as-a-service.
The HR tech startup will utilize the raised seed funding for innovation-led expansion
The trio of Nawal Mishra, Amit Kumar and Anjulika Pandey founded their B2B platform HireHunch in 2020 with a focus to enable the improvement of the tech recruitment funnel for its partners.
HireHunch platform works on a two-pronged process
HireHunch provides trusted and reliable technical assistance enabling reliably fast and cost-effective remote tech hiring. It helps companies in improving their quality of hire through the platform’s two-pronged process (a hybrid of man and machine) by screening the best technical candidates for final interviewing.
The AI-enabled platform selects the best candidates from shortlisted and virtually interviewed by a group of seasoned tech interviewers. This process enables the companies in making their hiring decisions in a cost-effective and timely manner, with the assurance of quality through unbiased, inclusive and fair technical analysis.
Fund utilisation to build cutting-edge technologies
“The fresh funds will be utilised to develop cutting-edge technologies around various data science initiatives along with strengthening our sales and marketing teams,” said Nawal Mishra, Founder of HireHunch.
“Our goal is to become the most trusted interviewing platform globally by building a robust platform and community of exceptional technical interviewers,” added Mishra.
The HR tech startup is also focusing on extending its reach across borders. “We are eyeing growth and scale as we innovate and build the solution to a globally relevant business problem,” commented Mishra.
The startup has successfully unlocked 10,000 plus engineering hours for over 50 companies including some top unicorns like Lenskart, Lead, Gameskraft, Junglee Games, upGrad, Purplle and other tech startups like GoodWorker, Zupee, Hubilo, Avataar and Tinvio.
“Hiring is a top priority area for all high-growth companies who are struggling to find internal managerial bandwidth to interview a large volume of prospective candidates,” said Arun Tadanki, Lead Investor – Waveform Ventures.
“HireHunch is solving the problem by connecting qualified interviewers with companies that need interviewing bandwidth while enabling external interviewers to provide high-quality feedback and analytics to hiring managers,” added Tadanki.