HRtech startup TurboHire raises $2-M from Pentathlon, Chennai Angels, others

Hyderabad-based recruitment automation platform TurboHire has raised USD 2 million in a Pre-Series A round. Pentathlon Venture Capital and The Chennai Angels co-led the funding round. Telangana Fund and Purvansh Holdings, along with Mumbai Angels and Hyderabad Angels, with Samir Khosla and Francisco Arcilla also participated in the round. TurboHire enables intelligent and on-the-go decisions among candidates, recruiters, interviewers, and approvers, reducing cost-to-hire by 65% and time-to-hire by 78%. The new funds will be used to improve product automation and scale up revenue globally.