Deal Curry, May 9, 2012
The HR Fund has invested Rs. 4 Cr in Gurgaon based People Matters Media Private Limited, HR media platform in its first round of funding. The fund plans to make further investments in People Matters.
The investment from The HR Fund will be used for the next phase of growth and will focus on expanding the team, enhancing the digital footprint to reach a wider user base via a Web model, and expanding distribution in India and overseas markets.
People Matters was earlier part of Tetra Media Pvt Ltd, company founded by Tejasvi Mohanram and Ester Martinez in 2009. People Matters, now a separate entity, is a media and knowledge platform in human resources space. It strives to create an HR community of practice and excellence which fosters amalgamation of new ideas between HR Managers, HR Service Providers and CXOs leading to growth and development of their most important asset – PEOPLE.
Its print, online, events platform provides thousands of HR stakeholders with information, best practices, trends and industry news.
The company was earlier was a part of Tetra Media, but now it has separated. It was started as a magazine and later moved into reasearch, and talent management solutions.
Set in 2011, The HR Fund, the first seed venture capital fund for HR entrepreneurs in India. The focus its investment in PEO services (Professional Employer Organization) staffing, training, and technology/software within India, the Sub-continent and subsequently the Middle East.
The fund has invested in PeopleStrong HR Services.
The fund has five anchor investors – Santrupt Misra, CEO, Carbon Black Business and director, group HR of the Aditya Birla Group; Pratik Kumar, executive VP for HR at Wipro; Arvind Agrawal, president, corporate development and group HR in RPG Group; NS Rajan – partner and global leader of people & organisation practice responsible for HR advisory services worldwide at Ernst & Young, and Venky Mysore, CEO and MD of Kolkata Knight Riders.
Read the original article here.