Lead Angels, Y-Combinator, Data Collective & Venture Souq invest in HelloVerifyLead Angels, Y-Combinator, Data Collective & Venture Souq invest in HelloVerify
Venture grew 100% y-o-y riding on 30 enterprise customer acquisitions in last 6 months
Mumbai March 12th, 2019: HelloVerify India, today announced that it has raised an undisclosed amount of funding from Lead Angels network along with leading Silicon Valley investors like Y-Combinator, Data Collective & Venture Souq. Hello Verify is an API background screening platform which grew 100% y-o-y in the last 6-months riding on 30 enterprise customer wins. The company is landing bigger and larger contracts for background checks and is now working with over 105 of India’s largest and biggest corporates and startup unicorns.
Commenting on the funding, Varun Mirchandani, Founder, Hello Verify, said, “We are here to disrupt the fast growing background screening space in 2 ways – replace traditional screening methodologies through robotic solutions and significantly improve upon the current client experience. We would also like to target millions of small businesses that require background checks with the arrival of sharing economy services such ride hailing companies, food delivery and handymen services opens up newer market segment which require background checks”.
In his comments, Sushanto Mitra, CEO, Lead Angels, said, “We believe HelloVerify has all the makings of a future unicorn. The background screening space is likely to grow exponentially with the data ecosystem developing further and enhanced corporate governance and security norms. And they have a disruptive product that is already making giant strides”.
The funds raised will be utilized for accelerating and expanding HelloVerify’s technology ecosystem by integrating and enhancing the role of artificial intelligence in its background check technology. This will lead to improved turnaround times, better data insights and enhanced quality & accuracy for clients. Hello Verify plans to expand across India with particular focus on the South Indian market. It is also keen on increasing its penetration into the white and blue collar segments. As per industry reports Employment Screening Services Market is expected to reach US$4.9 billion globally by 2023 offering huge growth potential for background screening companies.
About Lead Angels: Lead Angels was started by a team of three IIT-Bombay alumni to provide end-to-end financial services to start-ups. Lead Angels Network with over 130+ members and chapters in Delhi, Mumbai, Ahmedabad, Bangalore & Hyderabad, invests in promising companies after comprehensive and rigorous filtering and shortlisting under the oversight of its investors. Post investment, Lead Advisory assists these companies in fundraising while LA Management & Professional Services supports compliance and governance requirements of these companies. As a consequence, Lead Angels’ portfolio of over 25 companies have shown remarkable resilience and success in raising external funding in a turbulent period and boasts of a survival rate significantly above the industry average - SuprDaily, Planet Superheroes, TinMen, Shopkirana to name a few.
About HelloVerify: Founded by brothers Karan and Varun Mirchandani, HelloVerify aims to replace the prevailing model for background checks which is outdated, complicated, lengthy and manual. Helloverify is modernizing the background check experience by making it as simple as entering details and getting results instantly. The initial focus is on the white collar employee segment in India, where speed, accuracy and a simplified background screening experience was of vital important to clients. This later evolved into strategic technology focused products catering to an array on industries - IT/ITEs, Aviation, Banking, Education, Healthcare and Logistics. Helloverify Inc. has conducted over 5 million checks so far and serves over 100 clients from various corporate domains .The company has a nation-wide presence with over 300+ employees and sales presence in New Delhi, Bangalore, Hyderabad, Pune and Mumbai.
For media queries alone contact Anurag of PRHUB @ firstname.lastname@example.org/9322501136.
Lead Angels was started by a team of three IIT-Bombay alumni to provide end-to-end financial services to start-ups. Lead Angels Network with over 130+ members and chapters in Delhi, Mumbai, Ahmedabad, Bangalore & Hyderabad, invests in promising companies after comprehensive and rigorous filtering and shortlisting under the oversight of its investors.
Name: Anurag David
Address: Awfis Space Solutions Pvt.Ltd. 5th Floor, A wing, Akruti Trade Center MIDC, andheri East, Mumbai-400059.
Phone : 9322501136
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lead Angels, Y-Combinator, Data Collective & Venture Souq invest in HelloVerify here
News-ID: 1648433 • Views: 691
More Releases from PRHUB INTEGRATED MARKETING COMMUNICATION PRIVATE LIMITED
Sami Labs Appoints Neeraja Shetty as its Chief Executive Officer
Press Release Sami Labs Appoints Neeraja Shetty as its Chief Executive Officer Bengaluru, March 02, 2020: Sami-Sabinsa Group, a pioneer & global leader in health science, today announced the appointment of Ms. Neeraja Shetty as the Chief Executive Officer of Sami Labs (a part of Sami-Sabinsa Group). As the CEO, Neeraja will oversee and drive key functions of strategy, operations, supply chain, finance and new projects to help achieve the ambitious growth
GLOBAL IT AUTOMATION MAJOR APPVIEWX ANNOUNCES EXPANSION OF INDIA OPERATIONS ACRO …
Press Release GLOBAL IT AUTOMATION MAJOR APPVIEWX ANNOUNCES EXPANSION OF INDIA OPERATIONS ACROSS COIMBATORE, BANGALORE AND CHENNAI Confident of achieving 100% Year-on-Year growth Coimbatore, January 7, 2020: Global pioneer in low-code network automation technology, AppViewX, today announced plans to expand its India operations across Coimbatore, Bangalore and Chennai. The company’s India operations will support sales and customer delivery, besides continued R&D on its innovative platform to enable complete IT automation. AppViewX’s
Microchip Solves Interoperability Challenges of Delivering up to 90 Watts of Pow …
Microchip Solves Interoperability Challenges of Delivering up to 90 Watts of Power Over Ethernet Wiring Company’s Power over Ethernet (PoE) offering enables both pre-standard and IEEE® 802.3bt-2018-compliant devices to be powered within existing Ethernet infrastructure New Delhi, October 28, 2019 — As the industry adopts the latest generation of PoE technology for managing data and power over a single Ethernet cable, users face the challenge of making pre-standard powered devices (PDs) work
Preserve Legacy Low Pin Count (LPC) Investments with the Industry’s First Comm …
Preserve Legacy Low Pin Count (LPC) Investments with the Industry’s First Commercial eSPI to LPC Bridge Device allows industrial computing developers to integrate the eSPI standard in existing equipment, minimizing development costs and extending product lifecycles New Delhi, May 29, 2019 — As the industrial computing industry transitions from Low Pin Count (LPC) to enhanced Serial Peripheral Interface (eSPI) bus technology, developers face high development costs to update existing equipment
More Releases for Lead
Lead to Account Matching for Lead Routing
February 14, 2018, 5:00 am PST SANTA CLARA, Calif. SANTA CLARA, Calif. - Organizations and enterprises are continuously evolving and looking for ways to improve lead routing. Salesforce Lead router has never been functional enough to fulfill complex lead assignment requirements. Vyakar has created an incredibly sophisticated and intuitive lead management software, as a result salesforce lead routing can be configured in few easy steps for faster and better results. With lead to
Lead Capture Phone Answering Service
Upclose & Virtual, a Virtual Assistant Service provider in Australia, provides a useful service to their small business clients - the company answers incoming phone calls from present and potential customers and manages all of the business's management jobs so owners can concentrate on growing and develop their companies. Upclose & Virtual's small business clients which are usually working in customer-facing conditions and cannot always be achieved at a brick-and-mortar office.
Global Lead Mining to 2020
ReportsWeb.com published “Lead Mining Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Publisher’s new report, "Global Lead Mining to 2020", provides global lead reserves by country, by major operating mines and grade; historic and forecast data on global lead mine production, lead metal consumption and price. The
EU Tightens Restrictions on Lead in Toys
The European Union (EU) has tightened restrictions on lead migration for all three of the toy material categories by a factor of approximately seven. These toy material categories are: 1. Category I - Dry, brittle, powder-like or pliable, e.g.: a. Chalk, compressed paint tablets, crayons, plaster of Paris, magic sand, modelling compounds and plasticine b. Oven hardened PVC modelling compounds and bouncing putties 2. Category II - Liquid or sticky toy, e.g.: a. Bubble solutions, finger paints, liquid
Global Lead glass Market 2017
Global Lead glass Market Report 2017 presents a professional and deep analysis on the present state of Lead glass Market 2017. In the first part, Lead glass Market study deals with the comprehensive overview of the Lead glass market, which consists of definitions, a wide range of applications, classifications and a complete Lead glass industry chain structure. The global Lead glass market analysis further consists of competitive landscape of Lead glass
Lead Galaxy To Operate Homesgofast.com
Lead generation giant Lead Galaxy has taken over the operation of property search site, Homesgofast.com, in a deal set to create one of the largest international property website platforms in the world. Lead Galaxy - which has taken over day-to-day operations from Marr International - plans to maximize the number and quality of leads generated via Homesgofast.com by redeveloping the site and enhancing the advertiser packages on offer. Lead Galaxy focuses on