IIFL Fintech Fund Invests $8M in TraqCheck

IIFL Fintech Fund participates in $8 million Series A round of HR‑tech startup TraqCheck, co‑led by IvyCap Ventures.
TraqCheck offers AI agents Trace and Nina, serving ~300 enterprise customers in India and Europe, automating background checks and talent sourcing.
Industry estimates suggest AI agents could cut time‑to‑hire and cost‑per‑hire by 40‑60%, delivering tens of millions in savings for high‑volume hiring firms.
Fund Manager Mehekka Oberoi says TraqCheck’s Human Operating System could become category‑defining infrastructure for AI‑driven hiring across India and Europe.