Bootstrapped HR Tech Startup InCruiter secures Rs 11 million from Revenue Based Financing Platform GetVantage 

InCruiter, a leading interview solutions provider, has secured INR 11 Million in undiluted Revenue-Based Funding from GetVantage.The Bangalore-based startup, founded in 2018, provides interview solutions for businesses. The company recently launched a new product, “IncBot,” registered a new office in the USA, and successfully onboarded 87 new clients last year. Utilizing AI video interviews, they saved over 10,000 minutes of HR time in three months and surpassed the milestone of conducting 4 million+ total interview minutes.

Thriving against challenging macroeconomic conditions, layoffs, and a funding winter, InCruiter not only weathered the storm but also achieved prosperity through bootstrapping. Talent acquisition has three stages: Sourcing, Screening, and Onboarding. With 6 products entirely into screening, the company plans to dominate the screening stage by providing multiple solutions. The plan is to utilize the funds to become the one-stop solution for businesses to hire better talent faster.

Talking about the company’s future and what it plans to achieve this year with the funds raised, Mr. Anil Agarwal, CEO, and Co-Founder of InCruiter, said, “As we reflect on our journey, I truly believe that a more aggressive approach could have yielded better results, propelling us to grow at a 5X speed. Inspired by this realization, we have even higher aspirations for the upcoming year, we will onboard more clients and elevate our service quality through process automation. We plan to expand our global footprint beyond that of the Indian clientele. To achieve these targets, we plan to exponentially expand our team size by hiring across tech, sales, and marketing sectors.”

Over the past six years, InCruiter has revolutionized the world of remote hiring by providing video interview software. Its cutting-edge interview solutions are the key to transforming the recruitment game. With a network of over 3000+ expert interviewers, they have proved to be the ultimate partner in speeding up the hiring process.

Last year, the company raised INR 2 million in debt-based funding from the government under the Startup India Scheme. Here, the funds were allocated towards the expansion plans, enabling the company to tap into new markets. After this, the interview solutions provider further raised funds, they secured INR 10 million from Recur Club in a revenue-based funding round to promote its recently launched IncBot- AI Video Interview Software, in the US, Canada, and Dubai markets to accelerate geographical expansion.