TurboHire: Revolutionising Recruitment Automation

TurboHire, an enterprise recruitment automation platform, has successfully secured $6 million in Series A funding, led by IvyCap Ventures. This investment builds on the $2 million raised earlier in October 2023 during its pre-Series A funding round, which was supported by Pentathlon VC and The Chennai Angels.

Expansion Plans for TurboHire

The Hyderabad-based startup plans to utilise the funds to fuel its global expansion, enhance its product offerings, and strengthen its integration within HR tech ecosystems.

About TurboHire

Founded in 2019 by Deepak Agrawal, Rakesh Nayak, and Gaurav Kumar, TurboHire is reshaping enterprise recruitment through its AI-driven platform. This innovative solution combines Agentic AI, intelligent workflows, and seamless HRMS connectivity, enabling businesses to navigate the hiring process for both high-volume roles and leadership positions via a single, configurable interface.

Business Model of TurboHire

TurboHire operates under a B2B SaaS model, providing subscription-based access to its recruitment automation platform. The platform generates revenue from enterprises that employ its tools to streamline hiring processes, shorten time-to-hire, and enhance overall recruitment efficiency.

Growing Client Base

TurboHire is proud to serve over 120 enterprises, including major names like Cipla, Tata Motors, PwC, Lenskart, Britannia, RPG Group, Motilal Oswal Group, and Ola (ANI Technologies). The platform’s technology also integrates with prominent global HRMS solutions such as SAP SuccessFactors, Oracle HCM, and Workday.