HR tech platform HireSure.ai has raised $2.5 million in seed funding led by YCombinator and Binny Bansal’s Three State Capital.
San Francisco-based Tribe Capital and Pioneer fund also participated in the round.
Founded in 2019 by three graduates from IIT Kanpur, Anurag Dixit, Anshul Mishra, and Ramesh Konatham, the startup uses real-time compensation benchmarking data to help companies make more efficient compensation decisions and eliminate pay disparities.
The startup plans to use the funds to strengthen the community, build new products and primarily scale up the engineering and product teams for product development.
The startup has also announced launch of CompUp is a full-stack compensation management platform that brings together all the compensation data and insights into one place. This will be used by companies to compare, strategise, and communicate 'Total rewards' to their employees, and candidates.
CompUp is launching ‘Compensation Insider’, a community where CHROs and reward professionals across sectors and companies would come together to share best practices around rewards and contribute towards building a global compensation platform.
“We believe that this problem of pay disparities can be solved only when companies come together to democratise access to real-time compensation benchmarks. This is the reason why 'Total Rewards' leaders of funded startups are coming together to form an invite-only community, with us," said Anurag Dixit, Co-founder of HireSure.ai.
The company has currently partnered with over 200 funded startups in India including Meesho, Slice, Dream11, Apna, Porter, Dunzo, Khatabook, and Rapido. It aims to partner with about 800 startups by the end of 2023 and will then expand our offering to Southeast Asia & Middle East, the startup said in a statement.