TurboHire, a recruitment automation platform, has raised $6 million in a Series A funding round. The investment was led by IvyCap Ventures and is earmarked to accelerate the company’s global expansion, enhance its AI-powered product suite, and deepen integrations within the global HR technology landscape.
The funding round solidifies TurboHire’s role in the evolving HR tech sector, where it is carving out a niche with its enterprise-grade platform. The company leverages what it calls “Agentic AI” to power intelligent workflows and connect seamlessly with existing Human Resource Management Systems (HRMS). This infusion of capital follows a $2 million pre-Series A round in October 2023, signaling sustained investor confidence in its growth trajectory.
Founded in 2019 by Deepak Agrawal, Rakesh Nayak, and Gaurav Kumar, TurboHire aims to solve persistent challenges of inefficiency and rigidity in corporate recruiting. By placing artificial intelligence at its core, the platform is designed to improve hiring velocity, accuracy, and strategic decision-making, while significantly cutting down on manual effort and time-to-hire.
The Hyderabad-based startup already serves over 120 major enterprises. Its client roster includes prominent names such as Cipla, Tata Motors, PwC, Lenskart, and Britannia, alongside large conglomerates like RPG Group and Motilal Oswal Group.
“Enterprises are under intense pressure to transform, but traditional hiring systems are rigid, slow, and drain executive time,” said Deepak Agrawal, CEO & Co-founder of TurboHire. “TurboHire brings together AI-powered automation, workflows, and data on one single enterprise-grade platform—with exceptional configurability and integrability. It’s a game changer for companies serious about AI-led hiring transformation. With IvyCap’s support, we’re poised to scale this globally.”
The platform’s ability to integrate with major global HRMS systems, including SAP SuccessFactors, Oracle HCM, and Workday, is a key aspect of its value proposition for large, complex organizations. This allows businesses to augment their existing infrastructure rather than replacing it, offering a more streamlined path to modernizing their talent acquisition functions. The platform is built to handle a wide array of recruitment scenarios, from high-volume walk-in drives to nuanced senior executive searches.
The investment comes at a time when the adoption of AI in recruitment is rapidly accelerating in India and globally. While overall IT hiring has seen fluctuations, the demand for AI-driven roles and tools continues to surge, with companies increasingly looking for technology to make their hiring processes more efficient and data-driven.
Vikram Gupta, Founder and Managing Partner at IvyCap Ventures, commented on the firm’s decision to lead the round, highlighting TurboHire’s market position and technological capabilities.
“TurboHire is not just solving a business problem—it’s redefining how enterprises approach talent acquisition in an AI-first world,” Gupta stated. “Their ability to serve large, complex organizations with a configurable, outcome-oriented platform is impressive. With a strong product-market fit, growing global demand, and a future-ready tech stack, we believe TurboHire is well-positioned to lead the next wave of intelligent hiring transformation.”
With this new capital, TurboHire plans to further innovate its product, particularly its Agentic AI capabilities, to deliver more strategic outcomes and solidify its position as a critical partner for enterprises aiming to build a competitive edge through talent.
