Online Background Check Platform HelloVerify Raises Funds from Lead Angels, Y-Combinator, Others
HelloVerify India, these days proclaimed that it’s raised AN covert quantity of funding from Lead Angels network beside leading Silicon Valley investors like Y-Combinator, knowledge Collective & Venture Souq. hi, Verify is AN API background screening platform that grew 100 percent y-oy within the last 6-months riding on thirty enterprise client wins. the corporate is landing larger and bigger contracts for background checks and is currently operating with over one hundred and five of India’s largest and largest corporates and startup unicorns.
Commenting on the funding, Varun Mirchandani, Founder, hi Verify, said, “We area unit here to disrupt the quick growing background screening house in two ways in which – replace ancient screening methodologies through robotic solutions and considerably improve upon this consumer expertise. we might conjointly wish to target variant little businesses that need background checks with the arrival of sharing economy services such ride-hailing firms, food delivery, and handymen services unveil newer market phase that needs background checks”.
In his comments, Sushanto Hindu deity, CEO, Lead Angels, said, “We believe HelloVerify has all the makings of a future imaginary creature. The background screening house is probably going to grow exponentially with the info scheme developing more and increased company governance and security norms. and that they have a riotous product that’s already creating large strides”.
The funds raised are going to be used for fast and increasing HelloVerify’s technology scheme by desegregation and enhancing the role of computer science in its background check technology. this may result in improved turnaround times, higher knowledge insights and increased quality & accuracy for shoppers. hi, Verify plans to expand across India with specific specialize in the South Indian market. it’s conjointly keen on increasing its penetration into the white and blue collar segments. As per trade reports Employment Screening Services Market is anticipated to succeed in US$4.9 billion globally by 2023 providing immense growth potential for background screening firms.
Founded by brothers Karan and Varun Mirchandani, HelloVerify aims to switch the prevailing model for background checks that are noncurrent, difficult, long and manual. Helloverify is modernizing the background check expertise by creating it as straightforward as getting into details and obtaining results instantly. The initial focus is on the white collar worker phase in India, wherever speed, accuracy, and a simplified background screening expertise was necessary|of significant} important to shoppers. This later evolved into strategic technology targeted merchandise line of work to AN array on industries – IT/ITEs, Aviation, Banking, Education, care and supplies. Helloverify Iraqi National Congress. has conducted over five million checks thus far and serves over one hundred shoppers from varied company domains. The company includes a nation-wide presence with over 300+ staff and sales presence in the capital of India, Bangalore, Hyderabad, Pune, and metropolis.
Lead Angels were started by a team of 3 IIT-Bombay alumni to supply end-to-end monetary services to start-ups. Lead Angels Network with over 130+ members and chapters in Delhi, Mumbai, Ahmedabad, Bangalore & Hyderabad, invests in promising firms when comprehensive and rigorous filtering and shortlisting underneath the oversight of its investors. Post investment, Lead informative assists these firms in fundraising whereas LA Management Services supports compliance and governance needs of those firms. As a consequence, Lead Angels’ portfolio of over twenty-five firms have shown exceptional resilience and success in raising external funding during a turbulent amount and boasts of a survival rate considerably higher than the trade average – SuprDaily, Planet Superheroes, TinMen, Shopkirana to call a number of.
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