Gurgaon, 6 Jan 2018. Serial technology entrepreneur Bhavin Turakhia has invested an undisclosed amount in PeopleStrong, India’s leading HR technology company funded by Multiples Equity and HDFC holdings. The company had closed one of India’s largest HR tech transactions in April last year, when Renuka Ramnath led billion-dollar fund Multiples Equity invested in the company. Bhavin’s investment is part of a partnership between PeopleStrong and Zeta, India’s leading benefits platform, to provide a holistic offering to enterprises in the HR technology space. With this investment, Bhavin would hold a small equity stake and advise PeopleStrong in its journey to create a global HR tech company from India.
Speaking on the occasion, Pankaj Bansal, Founder and CEO, PeopleStrong said, “It is great to have Bhavin as part of PeopleStrong. His stellar journey and success in the tech world, especially in India’s benefits industry (through Zeta) has been inspiring. We are excited to have his support for our journey ahead. Our strong focus on employee experience, coupled with benefits and payroll make a comprehensive offering, taking a significant leap ahead of traditional HR ERP solutions”.
Sumit Sinha, Board Member, PeopleStrong and Principal, Multiples Alternate Asset Management shared “As PeopleStrong continues to scale towards creating the first global HR SaaS brand from India, we are excited to have a seasoned technology entrepreneur like Bhavin as a partner. I am delighted to welcome Bhavin to PeopleStrong”.
Speaking on the occasion Bhavin shared, “PeopleStrong has created a unique and impressive story in HR and HR Tech market of India. The future looks equally promising as the company starts taking HR SaaS journey global. I am thrilled to be part of the journey”.
PeopleStrong is India’s leading HR Technology and Solutions Company, enriching experience of over 200+ customers and over 500,000 users. With the vision to Simplify Worklife, PeopleStrong delivers its technology and services in one offering, using its on-demand technology product PeopleStrong Alt, which has distilled hours of ‘natural R&D ‘- a decade long experience of servicing the HR functions of top Indian companies. Known for its penchant to innovate, PeopleStrong has many firsts to its name, the recent one being India’s first HR Chatbot Jinie, which aims to transform the future of work and work life in the HR world. It is the first company in the space to be successfully assessed on SSAE16.
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