Mumbai Angels raises $ 2mn funding for recruitment automation start-up

Mumbai Angels, a private investment company, has raised $2 million in funding for TurboHire, a recruitment automation platform. The pre-series A investment round was co-led by Pentathlon VC and The Chennai Angels, and also saw participation from T- Fund, Purvansh Holdings, Mumbai Angels and Hyderabad Angels, and global strategic investors Samir Khosla and Francisco Arcilla.

The fund will be used for improving TurboHire’s product and scaling up its revenue contribution from global markets. TurboHire aims to have a compounded monthly growth rate (CMGR) of 20 per cent and make international deals 25 per cent of its total revenue.

TurboHire, which began in 2019 and has more than 130 companies as clients globally, said it combines resume intelligence, recruitment automation, and workflows in an easy-to-use user interface.