About Hyrelabs
Hyrelabs is a Technology company based in Bengaluru (India) founded in 2017. It operates as an an AI-powered recruitment platform is provided for automating hiring processes. Hyrelabs has raised $49.19 thousand across 2 funding rounds from investors including IIIT Hyderabad and CIE IIITH. Its Indian entity Scoobla Technology Private Limited reported revenue of ₹8.6 Lakh. Its focus areas include Enterprise Applications, HRTech, Applicant Tracking System and Suite. Its competitors include Phenom, Eightfold, SmartRecruiters, iCIMS and HireVue and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
Hyrelabs was founded in 2017 in Bengaluru, India, and operates in the human resources technology sector. The platform employs natural language processing and deep learning algorithms to automate recruitment tasks. Manual processes are streamlined, and hiring efficiency is improved through intelligent matching and analysis features. Services are extended to companies seeking to optimize talent acquisition workflows.
- Headquarters Bengaluru, India
- SectorsTechnology
- Email••••••••
- Website hyrelabs.com
- Social LinkedIn X Facebook
- Legal Name Scoobla Technology Private Limited
- Date of Incorporation 18 Jun, 2015
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹8.6 Lakh
FY 2021 · +1614% YoY
- Net Profit₹7.8 Lakh
FY 2021 · 91% margin
- EBITDA₹8.1 Lakh
FY 2021 · 94% margin
- Total Equity Funding$49.19K (USD)
in 2 rounds
- Latest Funding Round$35.38K (USD), Seed
Oct 2018
- InvestorsIIIT Hyderabad
& 1 more
Associated legal entities of Hyrelabs
Hyrelabs operates through Scoobla Technology Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Scoobla Technology Private Limited CIN U72300WB2015PTC206778 | Strike Off | 18 Jun 2015 | Kolkata, West Bengal | ₹0.1 Cr | – | 3 | View details |
Funding Insights of Hyrelabs
Hyrelabs has successfully raised a total of $49.19K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $35.38 thousand completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $49,188
- Total Rounds 2
- Last Round Seed — $35,379
- First Round $13,809
(Apr 2018)
- Investors Count 2
All 2 funding rounds of Hyrelabs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2018 | $35,379 | Seed | – | IIIT Hyderabad, CIE IIITH | – |
| Apr 2018 | $13,809 | Seed | – | IIIT Hyderabad | – |
2 investors in total: 2 institutional.
Investors in Hyrelabs
Hyrelabs has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include IIIT Hyderabad and CIE IIITH.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups in deep tech and related fields are supported. | 2008 | cie.iiit.ac.in | Hyderabad, India | |
Information technology courses are offered at undergraduate and postgraduate levels. | 1998 | iiit.ac.in | Hyderabad, India |
Investor details for Hyrelabs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Scoobla Technology Private Limited (Hyrelabs)
Scoobla Technology Private Limited is the primary company behind Hyrelabs. The board of Scoobla Technology Private Limited currently have 3 directors; the longest-serving is Adarsh Yagnik, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Adarsh Yagnik DIN 07154734 | Director | 18 Jun 2015 | 11 yrs 4 mo | Scoobla Technology Private Limited |
| Rupam Gupta DIN 07154759 | Director | 18 Jun 2015 | 11 yrs 4 mo | Scoobla Technology Private Limited |
| Ashish Garg DIN 07971063 | Director | 24 Oct 2017 | 8 yrs 11 mo | Scoobla Technology Private Limited |
Financials of Hyrelabs
Figures of Scoobla Technology Private Limited, the primary company behind Hyrelabs, for FY 2021. Revenue was ₹8.6 Lakh (+1614% year on year). Net profit was ₹7.8 Lakh (91% margin). EBITDA was ₹8.1 Lakh (94% margin). Revenue has grown at a compounded annual rate of +128% over three years and +268% over five years.
- ₹8.6 LakhRevenue · FY 2021 · +1614% YoY
- ₹7.8 LakhNet profit · 91% margin
- ₹8.1 LakhEBITDA · 94% margin
- ₹1 LakhPaid-up capital
- +128%Revenue CAGR, 3 years
- +268%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Scoobla Technology Private Limited are on its company page.
Detailed financial statements for Hyrelabs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Hyrelabs
3 dated milestones of Hyrelabs across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Hyrelabs is founded.
- Funding First funding round of $14K.
- Funding Latest funding round, Seed, of $35K.
Competitors of Hyrelabs
Hyrelabs has 9 listed competitors in our database, 9 of them funded. They include Phenom, Eightfold, SmartRecruiters, iCIMS and HireVue, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phenom.com | 2010 | Ambler, United States | $169.42M | 797 | Talent experience management platforms are provided for engagement and recruitment. | |
| eightfold.ai | 2016 | Santa Clara, United States | $410M | 283 | An AI platform is provided for talent acquisition and management. | |
| smartrecruiters.com | 2010 | San Francisco, United States | $225.01M | – | Cloud-based ATS and hiring platform services are provided. | |
| icims.com | 2000 | Holmdel, United States | $93.46M | – | Talent acquisition software is provided by iCIMS since 2000. | |
| hirevue.com | 2004 | South Jordan, United States | $93.4M | 356 | A video interview platform is operated by HireVue since 2004. | |
| greenhouse.com | 2012 | New York, United States | $110.5M | 677 | Cloud-based applicant tracking solutions are offered for candidate hiring. | |
| brainshark.com | 1999 | Waltham, United States | $20.9M | 314 | SaaS-based sales-enablement platform for training and coaching is provided. | |
| jazzhr.com | 2009 | Pittsburgh, United States | $41.77M | 108 | Cloud-based applicant tracking and recruitment tools are provided. | |
| hireology.com | 2010 | Chicago, United States | $53.46M | 169 | Cloud-based ATS suite offered for small and medium businesses. |
Detailed competitors of Hyrelabs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in HR & Workforce Technology
10 companies that operate in the same segment as Hyrelabs (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | 1,695 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | – | 1,218 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
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Frequently Asked Questions about Hyrelabs
Hyrelabs was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Hyrelabs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Hyrelabs is a funded company, having raised a total of $49.19K across 2 funding rounds to date. The company's 1st funding round was a Seed of $13.81K, raised on Apr 2018.
The primary company behind Hyrelabs, Scoobla Technology Private Limited, reported revenue of ₹8.6 Lakh for FY 2021, up 1614% year on year.
Hyrelabs was founded in 2017 in Bengaluru, India, and operates in the human resources technology sector. The platform employs natural language processing and deep learning algorithms to automate recruitment tasks. Manual processes are streamlined, and hiring efficiency is improved through intelligent matching and analysis features. Services are extended to companies seeking to optimize talent acquisition workflows.
Hyrelabs's top competitors include Phenom, Eightfold and Greenhouse.
Hyrelabs has 2 investors. Key investors include IIIT Hyderabad, and CIE IIITH.
Hyrelabs operates through Scoobla Technology Private Limited.
The legal entities of Hyrelabs currently have 3 directors, including Adarsh Yagnik, Rupam Gupta, Ashish Garg.