TraqCheck

Overview

TraqCheck is an Indian startup focusing on AI-driven employee background verification. Founded in 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, the company is headquartered in New Delhi. TraqCheck has raised around $1.04 million in funding, with a valuation rising to $17 million as of 2025. The company employs cutting-edge deterministic AI models to perform comprehensive background checks for corporations, particularly in sectors such as banking, finance, staffing, and healthcare.

Recent Developments

TraqCheck has been actively expanding its influence and operational capabilities over the past few years:

September 2025: TraqCheck closed a bridge funding round at a $17 million valuation. This funding, led by Alok Oberoi, Siddharth Mehta, and Sivaramakrishnan S. Iyer, is aimed at scaling operations in India and Europe and developing new AI-based HR tools.
August 2025: TraqCheck had already established a service network with over 200 enterprises, reflecting rapid market traction and ongoing demand for AI-powered HR solutions.
Early 2025: The company emphasized its strategic expansion into the European market, driven by a surge in AI usage and a growing global background verification sector estimated to expand substantially.

Attribute	Information
Founding Date	2020
Headquarters	New Delhi, India
Founders	Jaibir Nihal Singh, Armaan Mehta, Rishabh Jain
Revenue	Targeting threefold increase by the end of 2025
Profits	Not disclosed
Key Investors	Alok Oberoi, Siddharth Mehta, Sivaramakrishnan S. Iyer, Caret Capital
Industry	AI-based Background Verification
Number of Employees	Approximately 63 as of May 2025

Early History

TraqCheck originated from a shared vision between three friends who sought to innovate the traditional and inefficient background verification processes prevalent in India. Seeing the technological advancements in the U.S., the founders developed an AI-based framework aimed at automating these processes. The company's inception occurred during the onset of the COVID-19 pandemic, which posed challenges such as gaining credibility, technology development without a dedicated office, and penetrating the B2B market, which required extensive validation of their product capabilities. Despite these hurdles, by mid-2021, TraqCheck was operational with substantial client interest, securing key contracts with firms like Bajaj Capital.

Company Profile and Achievements

TraqCheck distinguishes itself with a robust background verification platform that converges AI and machine learning technologies to deliver fast, accurate, and automated checks. Key achievements include:

Launch of comprehensive AI verification systems: The company expanded its offerings to include checks on education, employment, criminal records, and more, integrated through API systems to HRMS.
Strategic partnerships and investments: Partnerships with venture firms like Caret Capital and strategic investors facilitated its technology refinement and market expansion.
Expansion beyond verification: Initiating new AI-driven HR tools aimed at transforming the human resource function across enterprises.
Recognition and acceptance: By 2023, TraqCheck was already serving over 150 corporate clients in India, aiming to extend its impact globally.

Current Operations and Market Position

TraqCheck currently operates as a pivotal player in the AI-driven HR and background verification space. Positioned against companies like HireRight and Checkr, it has carved a niche by emphasizing quick and regulatory-compliant solutions. TraqCheck's API-based model allows enterprises to seamlessly integrate and scale their HR operations, highlighting its innovation in a competitive landscape.

Conclusion

TraqCheck has dynamically evolved since its foundation, from overcoming early operational setbacks to leading in the AI-verification industry. As it anticipates a significant leap in revenue and market reach, leveraging advances in AI, TraqCheck is aptly placed to influence global standards in background verification and HR management practices, setting it on a trajectory for sustained growth and technological leadership.