Staff background verifier TraqCheck raises funding from Caret Capital, Peyush Bansal

New Delhi-headquartered employee background verification startup TraqCheck has raised funding from Caret Capital, a sustainability fund that makes investments in employment, distribution, and mobility. Lenskart CEO Peyush Bansal also participated in the round.Founded in November 2020 by Armaan Mehta, Jaibir Nihal Singh, and Rishabh Jain, TraqCheck uses artificial intelligence for employee background verification. Compared to traditional approaches, it claims to allow organisations to onboard personnel much faster, more precisely, and at a lesser cost.