InCruiter, an interview as a service (IaaS) brand, has raised Rs 1 crore in a revenue-based funding round led by Recur Club.
The firm plans to use this capital to promote its recently launched product in the US, Canada and Dubai markets. As part of this initiative, InCruiter will set up new offices in these geographies and recruit new talents in tech and sales to ensure seamless operations.
Founded by Anil Aarwal and Ritu Mathran, InCruiter provides remote interview solutions for businesses to identify the perfect fit for their company through precision and accurate evaluation.
Since its inception in 2018, InCruiter claims to have conducted about 50,000 interviews and engaged over 2,200 interviewers. It has served over 250 domestic and international clients, including Practo, Mahindra, Adecco, and Spinny, among others, scaling their hiring processes by 1.5 folds.
Recur Club is a financing platform that helps convert the recurring revenue streams of businesses into instant and upfront capital In April 2022, it raised $30 million in its seed round led by InfoEdge Ventures and Village Global. The platform works with all companies with predictable annual revenue from existing customers of at least $100k.
In September, Recur invested in DASH, a go-to-market channel for brands in tier-III markets. It also works with Heal Software, Keka HR, Apis Partner-backed Xoxoday, and co-living firm Hooliv.