HireQuotient, a Singapore-based hiring tech startup that automates interviews and hiring processes for companies, has raised an undisclosed amount of funding from Binny Bansal, the co-founder of Flipkart.
The latest funding comes after the company raised $1.8 million in a pre-seed round in December 2021 from Sumant Sinha, Chairman of Renew Power, India’s leading independent renewable energy producer; Mohan Lakhamraju, Founder & CEO of Great Learning; Sujeet Kumar, Co-founder of e-commerce platform Udaan; and Kunal Shah, Founder of FinTech platform CRED, as well as other investors from across South East Asia and the United States.
Founded in 2021 by Smarthveer Sidana and Eugene Goh, HireQuotient helps companies test business skills at scale and engage in a realistic manner with potential hires. It offers 360-degree hiring intelligence including automating interviews and the hiring process. The company claims to have been used by more than 40,000 candidates in over 40 countries and generated significant time savings for organizations.
The skill assessment platform makes it easier for companies to make accurate talent acquisitions while screening potential candidates.
HireQuotient also provides tailored tools and solutions for organizations to deploy better hiring experiences to effectively tap into the global talent pool. Today, the company’s solutions are used by over 40 global industry giants, including Boston Consulting Group, Global PMI Partners, Razer, and SP Group among others.
Commenting on the development, Smarthveer Sidana, Co-founder & CEO of HireQuotient, said in a statement,
Few things are as important for a business as trust and belief, and the latest round of funding is a testimony to the confidence our current investor, Binny Bansal, has placed in the vision and mission of HireQuotient. I am also proud of the team that we have built and honored to join hands with our 4 Go-To-Market Advisors. The opportunity is massive and we are ramping up to create more impact. SalesTech and MarketingTech have seen massive disruption in the past 2 decades – Hiring Tech will experience this in the coming decade. I’m confident that my team will deliver exceptional results.
The company said it will use the funding to accelerate the US expansion and build new partnerships globally.
HireQuotient has also announced the onboarding of four Go-To-Market Advisors with Robert McNutt, CTO, Forescout Technologies; Alberto Valarde, Vice President, Mastercard LAC; Mary Shea, Vice President, Global Innovation Evangelist at Outreach; and Rissa L, Vice President, Strategy & Business Development at Southern Glazer’s Wine & Spirits.
Binny Bansal, the Co-founder of Flipkart, said,
HireQuotient has been scaling its business at a tremendous pace over the last year. I believe they have the right vision to keep them on this trajectory. It’s truly good to see how Smarth and his leadership team are building a company which has been focusing on culture from Day 1. I am excited to deepen my partnership with them.
With its pace of expansion and new offerings, HireQuotient said it is on track to double its revenues within the next two quarters.