Worker screening firm Hello Verify raises funding

Worker screening platform Hello Verify India Pvt. Ltd has raised an undisclosed amount in funding from multiple investors including Lead Angels Network, Y Combinator, Data Collective and VentureSouq. The company will utilise the funds to strengthen artificial intelligence capabilities in its background check technology for better data insights and enhanced accuracy.

The firm provides background verification services to small and medium businesses across sectors including infotech, aviation, banking, education, healthcare and logistics. The company, with presence in Hyderabad, Mumbai, Pune, Bengaluru and Delhi, has completed over five million checks so far. The firm plans on expanding further into the South Indian market and deeper into the white-collar and blue-collar segments.

“We are here to disrupt the fast-growing background-screening space in two 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 as ride-hailing companies and food delivery and handymen services,” said Varun Mirchandani, co-founder of Hello Verify, in a statement.

The company was founded by brothers Karan and Varun Mirchandani and was a part of the Winter 2018 batch of startup accelerator Y Combinator.

“We believe Hello Verify has all the makings of a future unicorn. The background screening space is likely to grow exponentially with the data ecosystem developing further. And they have a disruptive product that is already making giant strides,” said Sushanto Mitra, chief executive of Lead Angels, in a statement.