People Matters will use funding to launch a social networking site for the HR community.
India’s first fund solely for HR ventures announced its first investment in People Matters on May 8, 2012 at a launch event in Mumbai. The Gurgaon-based investee, a media and knowledge platform in the HR space, has secured Rs. 4 crore in funding from The HR Fund, to launch a social network for the human resource community, increase its subscriber base and strengthen the firm’s organizational structure.