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Singapore-based HRTech startup, HireQuotient has raised $1.8 Million in pre-Seed round funding from marquee angel investors.
The round saw the participation from Binny Bansal (Founder of Flipkart), Sumant Sinha (Chairman of ReNew Power), Mohan Lakhamraju (Founder & CEO of Great Learning), Sujeet Kumar (Co-founder of Udaan), Kunal Shah (Co-founder of Cred), Nimesh Kampani (Co-Founder & CEO of Trica), along with his LetsVenture syndicates and other angel investors.
Co-founded by Eugene Goh and Smarthveer Sidana, HireQuotient’s virtual interviewers help companies test business skills at scale engagingly and realistically, saving clients millions of dollars and man-hours.
“HireQuotient will use the funding to accelerate technology and product development to enable them to better serve clients across different industries and roles in the US, and EU,” the statement said.
Speaking on the investment, Smarth, Co-Founder & CEO, said, “Candidates have become more used to virtual interviews during the pandemic, and the technology needed to power assessments has matured. Our early results with global clients are very promising, we could save 30-50% of their interviewers’ time per hire; helped reduce the gender gap by 20%, and helped in identifying hidden gems.”
“HQ team is all ready to disrupt the business hiring space. This is just the start, the journey from here on will be very exciting,” He added.