AI recruitment startup TurboHire on Tuesday said it has secured USD 2 million as a part of its pre-Series A funding round co-led by Pentathlon Venture Capital and The Chennai Angels. According to VCCircle, the round also saw participation from Telangana Fund, Purvansh Holdings, as well as Mumbai and Hyderabad Angels, with Samir Khosla and Francisco Arcilla as global strategic investors. The firm plans to deploy the fresh proceeds to ramp up product automation and boost its revenue across the globe.

Founded by Deepak Agarwal, Aman Gour, Abhishek Kabra, Gaurav Kumar and Rakesh Nayak in 2019, TurboHire is a platform which enables ‘intelligent and on-the-go’ decisions among candidates, recruiters, interviewer and approvers. It states that it reduces cost-to-hire by 65% and time-to-hire by 78%. The company aims to grow its international presence to 25% of its total revenue, it said in a statement.

Vietnam-based HR tech firm JobHopin announced that it has raised USD 1.35 million in pre-Series B funding from Daiwa-SSIAM Vietnam Growth Fund, a joint vehicle of Vietnam’s SSI Asset Management and Japan’s Daiwa Securities, according to DealStreetAsia.