Recruitment Automation Firm TurboHire raises $2 million In Pre-Series A Round

• ByStartupStory     |    October 8, 2022

Recruitment Automation Firm TurboHire has completed a Pre-Series A investment round, raising $2,000,000 from Mumbai Angels and other investors. T-Fund, Purvansh Holdings, Mumbai Angels, Hyderabad Angels, and global strategic investors Samir Khosla and Francisco Arcilla joined Pentathlon VC and The Chennai Angels in leading the investment.

TurboHire’s worldwide go-to-market strategy will be guided by industry veterans such as Cyient founder B V R Mohan Reddy and Telangana’s Industries and IT Secretary Jayesh Ranjan.

Deepak Agrawal (CEO), AmanGour (CRO), Abhishek Kabra (CTO), Gaurav Kumar (VP-Engineering), and Rakesh Nayak (VP-Engineering) co-founded the company.

 The intelligent hiring-focused recruitment automation platform plans to use the new capital in enhancing product automation and expanding into new worldwide markets. “The team works every day on creating the future and this round is testament to the investors’ belief that TurboHire is on its way to build and lead the recruitment automation software category globally,” co-founder and CEO Deepak Agrawal said in a press release.

Deepak Agrawal, Co-Founder, and CEO of TurboHire, while reiterating his focus on building growth for the future said, “When it comes to Recruitment Automation, we do not focus on what has been done by others so far; rather we focus on redefining What’s Possible. The team at TurboHire works every day on creating the future and this round is a testament to the investors’ belief that TurboHire is on its way to building and leading the Recruitment Automation Software category, globally.”

This fundraising round provides TurboHire with a crucial boost to propel its development and expansion objectives. The firm intends to maintain a CMGR graph of 20% while expanding its foreign footprint to 25% of total sales.

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