HireSure.ai, a Bengaluru, India-based HR tech platform that enables companies to leverage data in making more efficient compensation decisions, raised $2.5 million in seed funding.
The round was led by YCombinator and Binny Bansal's Three State Capital, with participation from Tribe Capital and Pioneer fund.
The company plans to use the funds to strengthen the community, build new products, and primarily scale up the engineering and product teams for product development.
It has also announced the launch of CompUp, a full-stack compensation management platform that brings together all the compensation data and insights into one place.
"We believe that the problem of pay disparities can be solved only when companies come together to democratize access to real-time compensation benchmarks. This is the reason why 'Total Rewards' leaders of funded startups are coming together to form an invite-only community, with us. HireSure aims to achieve pay parity by helping companies leverage data to make scientific and fair people decisions starting with compensation. As of now, compensation data is sitting in silos in multiple systems. Our product CompUp aggregates compensation data from multiple systems and comes up with insights to make better compensation decisions," said Anurag Dixit, co-founder, and CEO of HireSure.ai.
HireSure.ai has currently partnered with more than 200 funded startups in India including Meesho, Slice, Dream11, Apna, Porter, Dunzo, Khatabook, and Rapido.
The company aims to partner with about 800 startups by the end of 2023 and expand its offering to Southeast Asia and the Middle East.
Company: Grtsa Technologies Pvt Ltd
Raised: $2.5M
Round: Seed Round
Funding Month: February 2023
Lead Investors: YCombinator and Binny Bansal's Three State Capital
Additional Investors: Tribe Capital and Pioneer fund
Company Website: https://www.hiresure.ai/
Software Category: HRTech Platform
About the Company: Founded in 2019 by Anurag Dixit, Anshul Mishra, and Ramesh Konatham, HireSure is a complete compensation platform that enables hiring teams to benchmark and communicate job offers. It enables the companies to deliver their candidates a delightful experience and prevent candidate dropouts by acting upon early warnings detected by the platform. It uses real-time compensation benchmarking data to help companies make more efficient compensation decisions and eliminate pay disparities. It also uses behavior signals to predict a potential dropout to make course corrections to retain them.
Source: https://www.entrepreneur.com/en-in/news-and-trends/hrtech-platform-hiresureai-raises-25-million-seed-funding/445089