TraqCheck
Category: AI in HR & Talent
An AI-powered platform for enterprises to conduct fast and accurate employee background checks and verification. TraqCheck was founded in 2020. The company is led by Jaibir Nihal Singh. Based in New Delhi, India. Team size: 11-50. Total funding raised: $1.04M. Latest round: Pre-Series A. Key investors include ["Alok Oberoi","Aakash Anand","Caret Capital","LetsVenture","Culture Cap","Peyush Bansal"].
- Founded
- 2020
- Headquarters
- New Delhi, India
- Team size
- 11-50
- Total funding
- $1.04M
Value proposition
To provide rapid, accurate, and cost-effective background verification by leveraging AI and automation to solve challenges posed by unstructured data, thereby closing the trust gap between employers and individuals.
Products and solutions
["AI-driven background verification platform","Criminal record checks","Education verification","Employment history verification","Data aggregation and analytics"]
Unique value
TraqCheck is distinguished by its technology-first approach, transforming traditional, manual background checks into a fully automated, tech-driven process. It is positioned as one of India's first AI-based background verification products.
Target customer
Enterprises and businesses that need to verify the backgrounds of potential and current employees.
Industries served
["Information Technology","Financial Services","Healthcare","Retail","Staffing and Recruitment","General corporate sector"]
Technology advantage
The core advantage lies in using proprietary AI and machine learning algorithms to process unstructured data efficiently. This results in significantly faster turnaround times, higher accuracy, and greater cost-efficiency compared to conventional verification methods.
How they differentiate
TraqCheck differentiates itself by using an AI-powered platform to automate and accelerate the background verification process. They claim to be the world's first AI-powered background checking platform, offering a faster, more accurate, and cost-effective solution compared to traditional, manual methods. Their technology is designed to reduce turnaround time and improve the reliability of background checks.
Main competitors
["IDfy","Checkr","Goodera"]
Key partnerships
["Peyush Bansal (Founder of Lenskart)","Caret Capital","Alok Oberoi (Chairman, Everstone)","Aakash Anand"]
Notable customers
["Bajaj Capital","Cholamandalam Finance","Reliance Retail","Samvardhana Motherson","Yatra","Grant Thornton"]
Major milestones
["Raised a bridge round at a $17 million valuation.","Founders were featured in the Forbes 30 Under 30 list.","Onboarded over 200 enterprise clients.","Partnered with Konfir to facilitate expansion into the UK market."]
Growth metrics
TraqCheck serves over 200 enterprise clients.
Market positioning
TraqCheck is positioned as a technology-first, AI-driven background verification solution for enterprises. They aim to disrupt the traditional background screening industry by leveraging artificial intelligence to provide a more efficient and seamless onboarding experience for their clients.
Geographic focus
TraqCheck is primarily focused on the Indian market. However, the company has stated its intention to expand internationally, with the United Kingdom being its first target market for global expansion.
Patents and IP
Not publicly disclosed.
About Jaibir Nihal Singh
Nihal Singh Family Office
Official website: https://www.traqcheck.com/