Recruitment technology firm Expertia AI has successfully raised Rs 20 crore in a pre-Series A funding round led by Rockstud Capital. Existing investors, including Flipkart, Endiya Partners, and Chiratae Ventures, also participated in this round. This latest funding will help Expertia AI enhance its AI-powered hiring platform, expand its technology team, and accelerate product development.
Founded in 2021 by Kanishk Shukla and Akshay Gugnani, Expertia AI leverages deep learning and natural language processing (NLP) to automate the hiring process. The platform integrates with over 35 job portals and operates with a distribution network of 220 million professionals. With its patent-pending AI technology, Expertia AI streamlines talent discovery, screening, assessment, and interviews, reducing hiring time by 80%. The company has processed over 25 million applications and facilitated hiring for more than 230,000 job openings, serving over 18,000 companies, including Reliance Retail and Jio.
This funding round follows a Rs 9 crore investment in 2021. The company aims to triple its revenue growth in FY25 while strengthening its AI capabilities. The HR tech industry is projected to grow from $40.5 billion in 2024 to $81.8 billion by 2032, positioning Expertia AI as a key player in the evolving recruitment landscape.
1. Expertia AI’s Business Model and Services
1.1 How Expertia AI Works
Expertia AI provides an AI-driven recruitment solution that automates hiring processes, from talent discovery to final interviews. The platform integrates applicant tracking, bot-assisted interviews, AI-driven sourcing, and real-time analytics, helping companies reduce hiring time significantly.
1.2 Revenue Model
Expertia AI operates on a SaaS-based subscription model. Companies pay based on usage and the level of AI-driven features they opt for. The startup also offers enterprise solutions customized for large organizations, generating additional revenue streams.
2. Founders and Their Background
2.1 Kanishk Shukla
Kanishk Shukla, co-founder and CEO, brings extensive experience in AI and deep learning technologies. Before founding Expertia AI, he worked on various AI-driven HR tech projects, enhancing recruitment efficiency through automation.
2.2 Akshay Gugnani
Akshay Gugnani, co-founder and CTO, has a background in software engineering and AI development. He has previously worked on innovative AI applications in talent acquisition, making hiring more efficient and data-driven.
3. Expertia AI’s Growth and Impact
3.1 Industry Trends and Market Position
The global HR tech market is expected to double in size by 2032, reaching $81.8 billion. Expertia AI capitalizes on this growth with its proprietary deep-learning algorithms and NLP-driven talent-matching technology.
3.2 Key Achievements
- 25 million+ applications processed
- 230,000+ job openings facilitated
- 18,000+ companies served
- 220 million professionals in distribution network
4. Expertia AI’s Competitive Advantage
4.1 AI-Driven Recruitment Solutions
Unlike traditional hiring platforms, Expertia AI focuses on a skill-first approach, ensuring better job-candidate matches beyond conventional resumes.
4.2 Faster Hiring Process
Companies using Expertia AI report an 80% reduction in hiring time compared to manual recruitment methods.
5. Future Plans and Expansion
5.1 Scaling Operations
With this new funding, Expertia AI aims to expand its technology team and improve its AI capabilities. The startup also plans to enhance its product offerings to cater to a broader range of industries.
5.2 Revenue Growth Goals
Expertia AI plans to triple its revenue growth in FY25, focusing on acquiring more mid-to-large enterprises with over 500 employees.
6. Learning for Startups and Entrepreneurs
6.1 Importance of AI in Recruitment
Startups can leverage AI to automate hiring, improving efficiency and reducing recruitment costs.
6.2 Scaling a SaaS-Based Business
A scalable SaaS model allows startups to generate recurring revenue while continuously improving their technology offerings.
6.3 Investor Confidence and Growth
Securing funding from reputed investors like Rockstud Capital and Flipkart showcases the potential of AI-driven recruitment solutions.
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