About Param.ai
Param.ai is a Technology company based in Hyderabad (India) founded in 2017 by Naren Krishna and Ashish Kumar Sahoo. Param.ai is focused on providing intelligent recruiting software for efficient hiring. It operates on a SaaS (Software-as-a-Service) model. Param.ai has raised $685.05 thousand across 4 funding rounds from investors including Core Financial Systems, Subrahmanyam Ponnada and Sarat Kumar Tadepally. Param.ai was last valued at $2.59 million in January 2022. Its website param.ai draws about 161 thousand monthly visits. Its Indian entity Facteye Tech Labs Private Limited reported revenue of ₹5.08 Cr. Param.ai offers products and services including Param Recruit. Its focus areas include Software and HR Tech.
Company details
Param.ai is engaged in developing AI-powered recruiting software designed to optimize hiring processes. The software is utilized to automate candidate screening, reduce time-to-fill for job openings, and enhance candidate experience. Solutions are offered across sourcing, screening, engaging, hiring, and measuring recruitment metrics. The platform is integrated with various business tools to ensure a seamless workflow for users in diverse industries.
- Headquarters Hyderabad, India
- Founders Naren Krishna, Ashish Kumar Sahoo
- Stage Minicorn
- SectorsTechnology
- Website category Jobs and Career · Jobs and Employment
- Email••••••••
- Website param.ai
- Social LinkedIn X Facebook
- Legal Name Facteye Tech Labs Pvt. Ltd.
- Date of Incorporation 21 Sep, 2017
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹5.08 Cr
FY 2025 · +151% YoY
- Net Profit₹35.5 Lakh
FY 2025 · 7% margin
- EBITDA₹41.7 Lakh
FY 2025 · 8% margin
- Total Equity Funding$685.05K (USD)
in 4 rounds
- Latest Funding Round$87.38K (USD), Angel Round
Jan 2022
- InvestorsCore Financial Systems
& 17 more
Associated legal entities of Param.ai
Param.ai operates through Facteye Tech Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Facteye Tech Labs Private Limited CIN U74999TG2017PTC119682 | Active | 21 Sep 2017 | Hyderabad, Telangana | ₹5.1 Cr | 3 | View details |
Products & Services of Param.ai
Param.ai offers a comprehensive portfolio of products and services, including Param Recruit.
AI-driven software is used for efficient hiring processes.
Funding Insights of Param.ai
Param.ai has successfully raised a total of $685.05K across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $87.38 thousand completed in January 2022. 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 $685,052
- Total Rounds 4
- Last Round Angel Round — $87,380
- First Round $269,762
(Oct 2017)
- Investors Count 18
All 4 funding rounds of Param.ai 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 |
|---|---|---|---|---|---|
| Jan 2022 | $87,380 | Angel Round | $2.59M | Subrahmanyam Ponnada | |
| Jun 2019 | $140,627 | Seed | $2.65M | Sakaar Anand | |
| Mar 2019 | $187,284 | Seed | $••••• | Patterntech Consulting | |
| Oct 2017 | $269,762 | Seed | $••••• | Core Financial Systems |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $2.59M | •••••••• |
| Jun 2019 | $2.65M | •••••••• |
| Mar 2019 | $••••• | •••••••• |
Full valuation and stage history of Param.ai
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $2.59M (Jan 2022). 18 investors in total: 3 institutional and 15 angel.
Investors in Param.ai
Param.ai has secured backing from 18 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Core Financial Systems, Subrahmanyam Ponnada and Sarat Kumar Tadepally.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed by Aecal toward tech and commerce startups. | aecal.de | Hamburg, Germany | ||
Healthcare management services are provided from Hyderabad, India. | patterntechconsulting.tcc.mode | Hyderabad, India | ||
Financial services are provided from Dublin, Ireland, since 2007. | 2007 | corefinancial.ie | Dublin, Ireland | |
SP Subrahmanyam Ponnada | unknown_41ef4f752132410b9 | |||
SK Sarat Kumar Tadepally | unknown_2567ccce58e1403d8 | |||
SA Sakaar Anand | unknown_642f74ef3b28456f9 | |||
RS Rajesh Sawhney | Founder of GSF Accelerator, angel investor, ex-President of Reliance Entertainment | unknown_9b3d9537ad914b99b | ||
KM Kethipelli Mahender Reddy | unknown_6a0a4d8b5e624234a | |||
SA Sonal Agarwala | unknown_56aa4628f0e843078 | |||
SJ Sanjay Jesrani | Angel investor and entrepreneur, founder of Go North Ventures, ex-CEO of NetAmbit. | unknown_150726eb6cae4d009 |
Investor details for Param.ai
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Facteye Tech Labs Private Limited (Param.ai)
Facteye Tech Labs Private Limited is the primary company behind Param.ai. The board of Facteye Tech Labs Private Limited currently have 2 directors; the longest-serving is Harikrishna Reddy Morthala, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harikrishna Reddy Morthala DIN 07267303 | Director | 21 Sep 2017 | 9 yrs 1 mo | Facteye Tech Labs Private Limited |
| Ashish Kumar Sahoo DIN 07110732 | Director | 21 Sep 2017 | 9 yrs 1 mo | Facteye Tech Labs Private Limited |
People of Param.ai
7 people are tracked at Param.ai (4 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Naren Krishna | Co-Founder | Leadership |
| Co-Founder & CTO | Leadership | |
Jitendar Reddy | Sr Talent Partner | Leadership |
Hari Krishna Morthala | Co Founder & CEO | Leadership |
Ayush Joshi | Software Engineer Intern | Team |
Soumya Ranjan Bishi | Senior Product Designer | Team |
Ajitha P.v | Technical Recruiter | Team |
Complete people profiles for Param.ai
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Financials of Param.ai
Figures of Facteye Tech Labs Private Limited, the primary company behind Param.ai, for FY 2025. Revenue was ₹5.08 Cr (+151% year on year). Net profit was ₹35.5 Lakh (7% margin). EBITDA was ₹41.7 Lakh (8% margin). Revenue has grown at a compounded annual rate of +48% over three years and +53% over five years.
- ₹5.08 CrRevenue · FY 2025 · +151% YoY
- ₹35.5 LakhNet profit · 7% margin
- ₹41.7 LakhEBITDA · 8% margin
- ₹8.4 LakhPaid-up capital
- +48%Revenue CAGR, 3 years
- +53%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Facteye Tech Labs Private Limited are on its company page.
Detailed financial statements for Param.ai
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Param.ai
4 dated milestones of Param.ai across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Param.ai is founded.
- Funding First funding round of $270K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $87K.
Web traffic of Param.ai
The website of Param.ai (param.ai) receives about 161.1K visits a month and ranks #199,022 among all websites worldwide, #2,818 in Jobs and Employment.
- Monthly visits161.1K
▼ 20.5% vs previous month
- Unique visitors116K
per month
- Global rank#199,022
among all websites
- Category rank#2,818
Jobs and Career · Jobs and Employment
- Bounce rate57%
- Pages per visit3.0
- Average visit2 min 40 sec
- DevicesDesktop 37% · Mobile 64%
Websites whose visitors overlap most with Param.ai. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
glassdoor.co.in | glassdoor.co.in | 100% | #5,294 | – | |
jobs.lever.co | jobs.lever.co | 95% | #4,880 | – | |
| internshala.com | 95% | 8.7M | #5,746 | View details | |
| ambitionbox.com | 95% | 12M | #5,724 | View details | |
jobs.smartrecruiters.com | jobs.smartrecruiters.com | 94% | #4,275 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Param.ai
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Related news about Param.Ai
Complete news archive for Param.ai
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Frequently Asked Questions about Param.ai
Param.ai was founded in 2017.
Param.ai is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Param.ai is a funded company, having raised a total of $685.05K across 4 funding rounds to date. The company's 1st funding round was a Seed of $269.76K, raised on Oct 2017.
The primary company behind Param.ai, Facteye Tech Labs Private Limited, reported revenue of ₹5.08 Cr for FY 2025, up 151% year on year.
Param.ai is engaged in developing AI-powered recruiting software designed to optimize hiring processes. The software is utilized to automate candidate screening, reduce time-to-fill for job openings, and enhance candidate experience. Solutions are offered across sourcing, screening, engaging, hiring, and measuring recruitment metrics. The platform is integrated with various business tools to ensure a seamless workflow for users in diverse industries.
Param.ai offers Param Recruit.
Param.ai has 18 investors. Key investors include Core Financial Systems, Subrahmanyam Ponnada, Sarat Kumar Tadepally, Sakaar Anand, and AECAL.
The valuation of Param.ai is $2.59M as of Jan 2022.
Param.ai operates through Facteye Tech Labs Private Limited.
The legal entities of Param.ai currently have 2 directors, including Harikrishna Reddy Morthala, Ashish Kumar Sahoo.
The website of Param.ai receives about 161 thousand visits a month and ranks #199,022 among all websites worldwide.