The HR Fund (The Fund), India’s first human resources (HR)-focused private investment company with an objective and vision to transform the HR entrepreneurship in India to a more organized and institutionalized industry plans to recognize innovative leaders from HR technology space which are revolutionizing recruitment, talent management & HR analytics.
Talking about the growing HR entrepreneurship segment in India, Utkarsh Joshi, Principal, The HR Fund, said, ““Over the past few years, we have seen a large number of young, smart professionals quitting their cushy jobs to pursue their entrepreneurial ambitions. HR systems and processes are ripe for innovation, so it’s not surprising to see a rapid increase in HR entrepreneurship and startups as a result. The time is right to encourage and support such HR entrepreneurs.”
The growing job market in India with government’s focus on skills development of youth and creation of additional jobs through various schemes, there is need for innovative technologies to transform recruitment, talent management, and HR decision-making. The Fund is looking for niche technology players who have developed solutions that will empower the various HR functions, enhance collaboration between employees, and transform the future at the workplace.
The spotlight award, a part of the HR technology conference by People Matters, would be given under two categories of seed and start-ups. In the seed category, the business ideas could be in the conceptualization stage with innovative technology solutions, besides being able to simplify human resource process. The companies applying in the start-up category should have technological products that are already in the HR space besides innovative technology solutions that have helped simplify HR process.
The seed category companies can be up to three years old with unique idea to transform business in the HR space. The applicant company in the start-up category can be in operation for eight years and revenue not in excess of INR 25 crore. Additionally, the company needs to nominate a technology product with property rights and not a service. The award would be presented to winners in the HR technology conference organized by People Matters, during 19-20 August 2015 at Gurgaon, Haryana.
With increased usage of technology and innovative products across the HR spectrum, ventures in HR are turning into strong, stable, growth-oriented, and high-margin revenue businesses. The Fund believes that the future of HR solution sector in India would be largely driven by a combination of social, cloud, and mobile technologies. Investors in The Fund include some well-known and veteran HR sector specialists, CXOs, and entrepreneurs with a strong background in the space across several key industries. With a strategy to develop market leaders in the HR space, The Fund helps the companies on wide range of business functions including strategic inputs, process creation, effective management, and inclusion of necessary technology to ensure not only competitive advantages but also sustainability and growth.
The Fund’s existing portfolio includes PeopleStrong HR Services Pvt. Ltd. People Matters, and PiQube.
