WHEN PeopleStrong HR Services RAISED FUND FROM Zeta
PeopleStrong HR Services which is a Gurugram based start-up raises an undisclosed amount of fund from a digital payments and meal vouchers company Zeta, promoted by Bhavin Turakhia.
The company plans to use these funds for many projects such as digital gifting platform and cashless cafeteria solutions for workplaces, digitised employee tax benefits and also allows PeopleStrong to enter into a strategic and commercial partnership with Zeta which let both companies jointly launch a human resources-focused mobile app later.
Pankaj Bansal, the chief executive of PeopleStrong, talking of the investment that has been made in conjunction with Zeta and the app that is to be launched, says, “It’s not a significant equity, and we have had conversations over the past one year… This will be the first HR-focused app launched anywhere… We have 5,00,000 users who are using our product, and Zeta will get access to all of them.”
PeopleStrong is a leading India-based HR solutions and technology company that was established by Pankaj Bajaj in 2005. It provides technologically enabled HR solutions in the space of recruitment, payroll and compliance management and analytics, employee life cycle management. The company is enriching experience of over 175+ customers and over 500,000 users for over a decade now.
The CEO and founder of StartupLanes, Shishir Gupta says, “The investment by Zeta in PeopleStrong HR Solutions will improve the HR Services in the country and will enable them with resources to become technically advanced. The more developed the HR Managements of the country like PeopleStrong HR Solutions will become, the better it is for the development of the economy of the country and its people.”
The advancement of Human Resource companies like PeopleStrong expand the opportunities of job and employment further helping both the people and the companies to find whatever is suitable of the other.