TurboHire raises $6 Mn in Series A round led by IvyCap Ventures

Enterprise recruitment automation platform TurboHire has raised $6 million in Series A funding led by IvyCap Ventures. 

Earlier in October 2023, TurboHire had raised $2 million in its pre-Series, A round led by Pentathlon VC and The Chennai Angels. 

The Hyderabad-based startup will use the capital to accelerate global expansion, enhance product capabilities, and deepen its integration across HR tech ecosystems.

Founded in 2019 by Deepak Agrawal, Rakesh Nayak, and Gaurav Kumar, TurboHire is transforming enterprise hiring through its AI-powered platform that combines Agentic AI, intelligent workflows, and easy HRMS connectivity. It supports end-to-end hiring processes across scenarios from high-volume hiring to leadership roles on a single, configurable interface.

TurboHire operates on a B2B SaaS model, offering subscription-based access to its recruitment automation platform. It earns revenue from enterprises that use its tools to streamline hiring, reduce time-to-hire, and improve recruitment efficiency. 

TurboHire counts over 120 enterprises among its clients, including Cipla, Tata Motors, PwC, Lenskart, Britannia, RPG Group, Motilal Oswal Group, and Ola (ANI Technologies). Its technology integrates with global HRMS platforms such as SAP SuccessFactors, Oracle HCM, and Workday.