Synopsis The company plans to use the funds to strengthen the community, build new products and primarily scale up the engineering and product teams for product development. ETtech HireSure , an HRtech firm, said it 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. The company 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 platform will transform the way pay processes are managed in companies, to drive a higher fairness quotient among employees. The company has also announced the launch of CompUp which 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. “We believe that this problem of pay disparities can be solved only when companies come together to democratize 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. Founded in 2019 by three graduates from IIT Kanpur -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. HireSure said it aims to achieve pay parity by helping companies leverage data to make scientific and fair people decisions starting with compensation. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories “As of now, compensation data is sitting in silos in multiple systems. Our product CompUp aggregates compensation data from multiple systems and comes up with insights to make better compensation decisions,” said Anurag. “More than half of the world’s GDP is salaries. Yet there is no full stack solution to provide real-time compensation benchmarks, insights and also enable companies to make data-driven compensation decisions for their employees. " For HireSure, India is also the largest market for skilled workforce globally with market size worth $3billion growing at a CAGR of 22%. The company has currently partnered with over 200 funded startups in India including Meesho, Slice, Dream11, Apna, Porter, Dunzo, Khatabook, and Rapido . The aim is to partner with about 800 startups by the end of 2023 and will then expand our offering to Southeast Asia and Middle East. The company has also appointed Satheesh K V, cofounder Spottabl , and former Senior Director HR at Flipkart on its advisory board members. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Wednesday, 15 Feb, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics Companies Economy More Aditya Birla Group in Talks with Global Banks for Vi Equity Infusion Aditya Birla Group has initiated an exercise to raise funds at the promoter level for an equity infusion into Vodafone Idea (Vi) Ltd and is in discussions with global banks for raising term debt to subscribe to a preferential allotment of shares. TVS EV Co may Get $350m from ADIA, Goldman, Carlyle Abu Dhabi Investment Authority (ADIA), Goldman Sachs and Carlyle are in active discussions with TVS Motor Co to invest $300-350 million in its electric vehicle (EV) arm at a potential $3-3. 5 billion valuation, said people with knowledge of the matter. Adani Looks to Repay $500 m Bridge Loan The Adani Group is in talks with lenders to repay the $500 million bridge loan facility it had availed of to purchase a controlling stake in Holcim’s cement units last year, said two people with knowledge of the matter. Read More News on HireSure. ai funding binny bansals three state capital hiresure tribe capital spottabl rapido Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. . . . more less ETPrime stories of the day Real Estate Interest rates are rising, so are rental yields. Is it the right time to invest in property? 8 mins read 3 insights to kick-start your day, featuring Swiggy’s “poor judgement” 3 mins read Strategy Stock Radar: Technical charts suggest HDFC Bank is likely to hit fresh record highs in next 3-6 months; time to buy? 3 mins read Subscribe to ETPrime.