TurboHire Raises $2 Million In Pre-Series A Funding The fund raised will be utilized to improve product automation and scale up revenue globally

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

TurboHire Twitter handle

TurboHire, an AI-powered recruitment automation platform, has raised $2 million in a pre-Series A funding round co-led by Pentathlon Venture Capital and The Chennai Angels. The round also saw participation from the Telangana Fund, Purvansh Holdings, the Mumbai Angels and Hyderabad Angels, along with Samir Khosla and Francisco Arcilla as global strategic investors. The fund raised will be utilized to improve product automation and scale up revenue globally.

"When it comes to recruitment automation, we do not focus on what has been done by others so far; rather we focus on redefining what's possible. The team at TurboHire works everyday on creating the future and this round is testament to the investors' belief that TurboHire is on its way to build and lead the recruitment automation software category, globally," said Deepak Agrawal, co-founder and CEO, TurboHire.

The company aims to maintain a 20 per cent CMGR graph while also growing its international presence to 25 per cent of its total revenue. It has clients globally including India, UK, USA, Sweden, Singapore, Australia, Indonesia, and more, claimed by the company in a statement.

"TurboHire has proven that it is a fast growing company in the automation sector. With this round, they are well on their way to building the category of recruitment automation, while catering to global markets. Since launching in 2019, they have always kept their international presence, specifically APAC, as a goal, and this round is further proof that they will get there soon. We are excited to partner with them once again in this round," said Hemant Joshi, co-founder and managing partner, Pentathlon VC.

Founded in 2019 by Deepak Agarwal, Aman Gour, Abhishek Kabra, Gaurav Kumar, and Rakesh Nayak, TurboHire is an AI-powered recruitment automation platform that enables intelligent and on-the-go decisions among candidates, recruiters, interviewer and approvers reducing cost-to-hire by 65 per cent and time-to-hire by 78 per cent.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics


If You Want People to Follow You, Stop Being a Boss — 8 Steps to Truly Effective Leadership

Understand the key differences and embark on the journey from boss to leader with these eight vital steps. This article unveils how to inspire and lead teams with passion and purpose.


The Semiconductor 'FOMO'

The current push to develop India into a semiconductor manufacturing hub through PLI and DLI schemes under the umbrella of India Semiconductor Mission (ISM) is a step in the right direction. However, the transition period for India to develop an end-to-end footprint in the semiconductor value chain will need a decade


How the NLRB's New Joint-Employer Rule Will Affect Franchisees and Franchisors and Redefine Franchise Relations

Discover the pivotal changes in the NLRB's Joint-Employer Rule and how they could reshape the dynamics of franchising.

Science & Technology

10 Tips to Protect Your Device From Hackers While Traveling

Here are some helpful tips to protect your device from getting hacked at airports.

Business News

One Rabbi Saw a Gap in the Market for Giant Menorahs. 35 Years Later, He's Gone From Selling 20 a Year to Thousands.

Menorah.net is on track to sell more than 5,000 menorahs this year, the most in its history.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.