Get All Access for $5/mo

HR Tech Startup MyWays.ai Secures 80 Lakh In Seed Funding According to an official statement by the company, this investment will help MyWays.ai expand its user base and extend offerings to become a comprehensive software solution supported by dedicated services

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

AI-driven HR tech startup, My Ways.ai, has secured an investment of 80 lakh in a Seed funding round, led by Realtime Angel Fund (RTAF), an angel fund registered with SEBI and known for its early-stage investments in startups. According to an official statement by the company, this investment will help MyWays.ai expand its user base and extend offerings to become a comprehensive software solution supported by dedicated services.

"We are excited to have Realtime (RTAF) with us as we embark on the next phase of our Journey. With the soft-launch of the Hiring Tool Suite, we witnessed a 4 times surge in weekly product access requests. This fresh infusion of funds will help us expand our user base and extend our offerings to become a comprehensive software solution supported by dedicated services," said Samyak Jain, CEO and co-founder, MyWays.ai.

Powered by advanced AI technology, MyWays.ai streamlines and automates the entire recruitment process, from talent discovery and screening to interviews and training, enabling organizations to make informed decisions efficiently and reduce manual efforts by upto 90%. Currently, the company claims that it has a network of over 110,000 candidates spanning over 800 colleges, and more than 150 Companies as clients.

"We are proud to have invested in MyWays.ai, an innovative venture steered by the visionary leaders, Samyak Jain and Tanvi Jain. Their pioneering work in the deployment of AI-based solutions is set to streamline the corporate training, hiring, and deployment process, significantly cutting down the timeframes from months to a few weeks. At this exciting juncture, we are elated to empower the future of tech talent transformation through MyWays.ai," said Pranay Mathur, CEO, Realtime Angel Fund (RTAF).

Real Time Angel Fund is sector agnostic with focus on sectors such as healthtech, fintech, green energy, artificial intelligence, and consumer technology, and provides startups with capital, mentorship, and operational support to accelerate their growth and create significant value through various partnerships across the globe.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Thought Leaders

4 Steps You Need to Follow to Make It Through Any Crisis With Your Company Intact

The steps we take before a crisis define our team's future resilience in the face of one. Here's what you need to do to prepare for a crisis of any kind at any time.

Leadership

How His Personal Battle With Cancer Inspired This Founder's Solution for Patient Care

On this episode of "The Founder CEO," Michael O'Neil, founder and CEO of GetWellNetwork, discusses his inspiring journey as a leader and the transformative role of AI in healthcare.