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Binny Bansal invests in HireQuotient

This comes after the business received $1.8 million in pre-series A funding from ReNew Power's Sumant Sinha, Great Learning's Mohan Lakhamraju, Udaan's Sujeet Kumar, and CRED's Kunal Shah last year

November 25, 2022 9:51 IST | India Infoline News Service

Binny Bansal, the co-founder of Flipkart, has invested an undisclosed amount of financing for the Singapore-based HR tech start-up HireQuotient, which automates interviews and hiring for businesses.

This comes after the business received $1.8 million in pre-series A funding from Sumant Sinha of ReNew Power, Mohan Lakhamraju of Great Learning, Sujeet Kumar of Udaan, and Kunal Shah of CRED in December last year.

"Few things are as vital for a business as trust and belief," said Smarthveer Sidana, co-founder and CEO of HireQuotient, "and the latest round of funding is a testament to the confidence our current investor, Binny Bansal, has placed in HireQuotient's vision and goal."

Sidana noted that sales and marketing technology have witnessed enormous innovation in the last two decades, and hiring technology would see similar disruption in the following decade.

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