HR Tech Startup InCruiter Secures 11 Million From Revenue Based Financing Platform GetVantage
Summary
The company recently launched a new product, IncBot, registered a new office in the USA, and successfully onboarded 87 new clients last year. The plan is to utilize the funds to become the one-stop solution for businesses to hire better talent faster.Talking about the companys future and what it plans to achieve this year with the funds raised, Mr. Anil Agarwal, CEO, and Co-Founder of InCruiter, said, As we reflect on our journey, I truly believe that a more aggressive approach could have yielded better results, propelling us to grow at a 5X speed. Inspired by this realization, we have even higher aspirations for the upcoming year, we will onboard more clients and elevate our service quality through process automation. With a network of over 3000+ expert interviewers, they have proved to be the ultimate partner in speeding up the hiring process.Last year, the company raised INR 2 million in debt-based funding from the government under the Startup India Scheme. After this, the interview solutions provider further raised funds, they secured INR 10 million from Recur Club in a revenue-based funding round to promote its recently launched IncBot- AI Video Interview Software, in the US, Canada, and Dubai markets to accelerate geographical expansion.