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The HR Fund Plans Investment

The HR Fund Plans Investment

The HR Fund, country’s only HR-focused private investment company, is looking to close at least 2-3 deals in the coming year.

The company is having discussions with 4-5 companies in the HR Technology (product) space, however it is too early to take specific names but companies are in the recruitment technology and L&D Technology space, said Utkarsh Joshi, Principal, HR Fund.

With a corpus of R50 Cr, the company is looking at funding start-ups specifically in the recruitment, learning & development and HR Analytics space.

The fund is backed by a host of investors from the HR domain including Santrupt Misra, CEO, Carbon Black Business and Director, Group Human Resources of the Aditya Birla Group; NS Rajan, Member, Group Executive Council and Group Chief Human Resources Officer at TATA Sons;.Arvind Agrawal, President,Corporate Development and Group HR in the RPG Group; Pratik Kumar, President of Wipro Infrastructure Engineering and Member of Wipro’s Corporate Executive Council.

The fund has a total of 23 investors.

The fund’s existing portfolio includes PeopleStrong HR Services Pvt. Ltd. (PeopleStrong) and People Matters. While People Strong is a platform-based human resource outsourcing and HR technology company, People Matters is a HR knowledge and media platform.

The Gurgaon-based fund is founded and promoted by VarunTalwar, serial entrepreneur and Founder of the Withya Group and PankajBansal, Co-Founder and CEO of PeopleStrong.

Utkarsh Joshi, Principal at the company is primarily responsible for fundraising, investment strategy, operations, and governance activities.