The HR Fund, the first seed venture capital fund for HR entrepreneurs in India was launched on the November 24, 2011in Mumbai. The HR Fund is an investment company that funds HR companies in India with the objective to build best-in-class HR service and product providers of HR in India. As of now the fund has one company in its portfolio, PeopleStrong HR Services. The fund was created by people from different walks of life with a common objective: investing in the youth power of the HR entrepreneurs.
Dr. Santrupt Misra from Aditya Birla Group, Dr. Arvind Agarwal from RPG, Venky Mysore from Kolkata Knight Riders, NS Rajan from E&Y, Pankaj Bansal from People Strong and Varun Talwar from the Withya Group have come together to start the fund that aims to grow to INR 60 crore. in the first stage of investment. "We need HR services providers to make our companies best-in-class, there is a needs to give a path for those HR entrepreneurs who struggle with bright ideas," shared Dr. Agarwal. The fund will be investing in PEO services (Professional Employer Organization) that focus on compensation and benefits administration, HR Software, Training, Payroll and General Staffing.