InCruiter Secures Rs 20 Lakh in Debt Funding from Government under Startup India Scheme

• ByStartupStory     |    July 1, 2023

InCruiter, a leading interview solution provider, has announced that it has successfully raised Rs 20 lakh in debt funding from the government as part of the Startup India Scheme. The funding will play a pivotal role in supporting the company’s expansion plans, with a particular focus on location and company expansion initiatives.

The infusion of capital will enable InCruiter to bolster its development team and establish an international setup, aiming to make a significant impact on the HR tech industry and solidify its position as a key player in the market.

Anil Agarwal, CEO, and Co-founder of InCruiter expressed gratitude towards the government for selecting their company for funding. He stated, “We are incredibly grateful to the government for choosing us. It will empower us to execute our expansion plans and strengthen our presence in the HR tech industry. With the additional resources at our disposal, we are confident in our ability to accelerate our growth and deliver exceptional value to our clients and stakeholders.”

With ambitious goals in mind, InCruiter plans to double its team size in the next six months through aggressive hiring and enhanced employee engagement. The company has been dedicated to assisting businesses in identifying ideal candidates and has been driving innovation in the interview process for the past four years.

“Our vision is to standardize the interview process through advanced automated platforms. By leveraging technology, we aim to help startups and enterprises enhance their interview processes and make more informed hiring decisions,” added Agarwal.

The government’s financial support will fuel InCruiter’s expansion plans and enable the company to tap into new markets both domestically and internationally. The funding will also contribute to strengthening the company’s technological capabilities and improving its overall service offerings.

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