HireBound Secures $2 Million to Transform Recruitment with AI
Bengaluru-based HR tech startup HireBound has announced the successful completion of a $2 million seed funding round, led by Kalaari Capital and supported by Antler, Infinyte Club, and CareerNet. The company aims to leverage this fresh capital to expand its product offerings, accelerate its go-to-market strategy, and extend its market presence both in India and abroad.
Innovative AI-Powered Recruitment Platform
Founded in 2024 by Sharad Vij, a former LinkedIn executive, and Kumar Vikramaditya, HireBound has rapidly positioned itself as a promising player in the HR technology space. The company’s core product is an AI-powered recruitment platform that automates candidate engagement across the entire hiring lifecycle, including sourcing, screening, and evaluation. The platform is designed to streamline the recruitment process for staffing agencies and enterprise talent teams operating in both the US and India.
“At HireBound, we build a sourcing agent, screening agent, and evaluation agent, where these agents can interact with candidates on voice calls, send them WhatsApp updates, text messages, and emails. This enables us to derive detailed context to determine if a candidate is suitable for a role,” explained co-founder Kumar Vikramaditya.
Strategic Use of New Funding
The newly raised capital will be strategically invested in several key areas. A significant portion will be allocated to the continued development of HireBound’s proprietary agentic AI engine, which automates various stages of the recruitment lifecycle. The company also plans to deepen integration with existing applicant tracking systems (ATS) and human resource management systems (HRMS), ensuring seamless adoption for clients.
In addition, HireBound will use part of the funding to grow its team, with a focus on expanding its sales, delivery, and engineering departments. Currently operating with a 15-member team, the startup is preparing for rapid growth as it scales its operations and enhances its offerings.
Ambitious Growth Targets
With this funding boost, HireBound is targeting a five-fold increase in annual recurring revenue (ARR) over the next 12 to 18 months. This ambitious goal reflects the company’s confidence in its technology and its ability to capture a significant share of the growing HR tech market.
The company’s AI-driven platform offers a competitive edge by reducing the time and effort required for recruitment, which remains a major challenge for organizations worldwide. By automating candidate engagement and evaluation, HireBound aims to help businesses identify the best talent quickly and efficiently.
Position in a Rapidly Growing Market
HireBound is entering an increasingly competitive HR tech landscape, going up against notable players such as Babblebots, BetterPlace, and GetWork. The Indian HR technology sector is expected to soar, with projections estimating it will become a $2.3 billion market by 2034. As more enterprises seek AI-powered solutions to optimize recruitment processes, the demand for innovative platforms like HireBound is set to rise.
Investor interest in the HR tech space has also intensified. In December 2025, WorkIndia, another recruitment platform, secured INR 97 crore (approximately $12 million) in a Series B round led by Avishkaar Capital. Earlier, HR tech unicorn DarwinBox raised $140 million in a round co-led by Partners Group and KKR, underscoring the sector’s strong growth potential.
Future Outlook
HireBound’s vision is to revolutionize recruitment by making it faster, more efficient, and data-driven. By harnessing the power of artificial intelligence, the company is poised to help organizations improve hiring outcomes while reducing manual effort and operational costs.
As the startup continues to innovate and expand, it is well-positioned to play a pivotal role in shaping the future of talent acquisition in India and beyond. With strong backing from prominent investors and a clear roadmap for growth, HireBound is set to make a significant impact in the years to come.
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