The $2.5 million seed round of investment for the HRtech platform HireSure.ai was co-led by YCombinator and Three State Capital, with participation from Tribe Capital and Pioneer Fund.
According to a news statement from HireSure, the funds will be used to grow the technical and product teams, enhance the community, and create new products.
Anurag Dixit, Anshul Mishra, and Ramesh Konatham founded HireSure in 2019. Through the advent of CompUp, a full-stack compensation management software, HireSure helps businesses make wise compensation decisions and reduce pay inequalities.
CompUp, the company’s core product, is a full-stack compensation management platform that centralises all compensation information and insights. Companies will utilise this to compare “Total incentives,” strategize, and convey them to staff and recruits. Additionally, it includes a network where CHROs and incentive specialists from many industries advocate excellent reward practises.
More than 200 backed businesses in India, including Meesho, Slice, Dream11, Apna, Porter, Dunzo, Khatabook, and Rapido, have teamed with the Bengaluru-based firm. By the end of 2023, it hopes to work with roughly 800 companies before extending its reach into Southeast Asia and the Middle East. Other HRtech businesses including Belong, Darwinbox, Edge Networks, Monjin, and Mettl are in direct or indirect competition with it.
