Funding Round Overview
InCruiter, a prominent Interview as a Service (IaaS) brand, recently secured INR 10 million in a revenue-based funding round led by Recur Club. The capital infusion aims to fuel the company’s expansion plans, particularly in the US, Canada, and Dubai markets, where it intends to promote its newly launched interview-as-a-service offering.
Accelerating Geographical Expansion
Strategic Utilization of Capital
The primary objective behind the funding is to accelerate the geographical expansion of InCruiter’s innovative interview-as-a-service solution. The company plans to establish new offices in key markets and bolster its workforce, particularly in technology and sales domains, to ensure seamless operations and market penetration.
Focus on Innovation
Anil Agarwal, CEO and co-founder of InCruiter, expressed delight in securing funding from Recur Club and emphasized the company’s commitment to transforming traditional hiring practices. Agarwal highlighted InCruiter’s dedication to innovation, with plans to launch additional products in the near future, aiming to redefine industry standards and maintain a competitive edge.
Impressive Growth Trajectory
Milestones Achieved
Since its establishment in 2018, InCruiter has achieved significant milestones, conducting over 50 thousand interviews and engaging more than 2200 interviewers. The company boasts completing 1.51 million interview minutes and serving over 250 domestic and international clients, including industry giants like Practo, Mahindra, Adecco, and Spinny.
Demonstrated Resilience
InCruiter’s resilience and adaptability are evident from its performance during challenging economic conditions. Despite macroeconomic headwinds, the company onboarded 127 clients in 2022 alone and witnessed consistent growth. Moreover, it increased its employee headcount by over 60%, showcasing its ability to thrive amidst adversity.
Revolutionizing Hiring Practices
Remote Interview Solutions
InCruiter offers remote interview solutions that enable businesses to identify the ideal candidates for their organizations through precise and accurate evaluations. By leveraging innovative technology and streamlined processes, the company empowers clients to streamline their hiring processes and make informed recruitment decisions.
Conclusion: Driving Innovation and Expansion
InCruiter’s successful funding round marks a significant milestone in its journey toward innovation and expansion. With the support of Recur Club and a clear strategic vision, the company is well-positioned to penetrate new markets and revolutionize hiring practices globally. By staying at the forefront of technological advancements and maintaining a customer-centric approach, InCruiter aims to reshape the future of recruitment and talent acquisition.
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