News: Hiring-tech startup HireQuotient secures funding led by Flipkart’s Binny Bansal

Funding & Investment

Hiring-tech startup HireQuotient secures funding led by Flipkart’s Binny Bansal

The latest cash injection comes after a pre-seed investment round of $1.8M in December 2021, which was led by ReNew Power’s Sumant Sinha, Great Learning’s Mohan Lakhamraju, Udaan’s Sujeet Kumar and Cred’s Kunal Shah.
Hiring-tech startup HireQuotient secures funding led by Flipkart’s Binny Bansal

HireQuotient, A Singapore-based hiring tech startup that automates hiring processes for organisations, has received additional funding in a round led by Flipkart’s Co-founder Binny Bansal. 

The latest funding top-up comes after a pre-seed round which raised $1.8M in December 2021, led by ReNew Power’s Sumant Sinha, Great Learning’s Mohan Lakhamraju, Udaan’s Sujeet Kumar and Cred’s Kunal Shah.

The hiring platform was co-founded in 2021 by Smarthveer Sidana and Eugene Goh. The company offers 360-degree hiring intelligence including automating interviews and hiring processes. The organisation is on track to double its revenue within the next two quarters.

“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 Smarthveer 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,” said Binny Bansal. 

The funding will be used to accelerate the US expansion and build new partnerships globally. The company also announced the onboarding of four Go-To-Market Advisors with Robert McNutt, CTO of Forescout Technologies; Alberto Valarde, - Vice President, Mastercard LAC; Mary Shea, Vice President, Global Innovation Evangelist at Outreach; and Rissa L, Vice President - Strategy & Business Development at Southern Glazer's Wine & Spirits. 

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. I am also proud of the team that we have built and honoured to join hands with our 4 Go-To-Market Advisors. 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 and Hiring Tech will experience this in the coming decade. I am confident that my team will deliver exceptional results.” 

He also added that the company has worked with 40+ brands including blue chips and due to the company’s aggressive approach, they have set up a solid climate which is very critical in today’s economic climate.

HireQuotient’s solutions are used by over 40+ global industry giants including Boston Consulting Group, Global PMI Partners, Razer, SP Group etc., to improve the hiring process for their potential candidates. In recent months, the company has also hired technologists from Samsung Korea as well as experienced employees from SaaS unicorns for senior sales and marketing leadership.

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Topics: Funding & Investment, HR Technology, #HRTech

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