The HR Fund Backs Media Platform People Matters

ECONOMIC TIMES, MAY 8, 2012

NEW DELHI: The HR Fund, a Rs 60-crore VC fund created by top human resource managers, has finalised HR media platform People Matters as the first start-up it will invest in. The fund has pumped in Rs 4 crore in the start-up in the first round.

Varun Talwar, CEO, the HR Fund, confirmed the investment. “We will be making more investments in future rounds,” he adds.

The HR Fund has been scouting for a social media engine in HR. “People Matters has digital play and the plan is to build a digital platform,” says Talwar.

People Matters was part of Tetra Media till a few months ago and is now a separate entity. The threeyear-old brand started as a magazine and later moved into research, and talent management solutions. “Digital is the logical and obvious extension of what we have been doing,” says Ester Martinez, co-founder, People Matters.

“When we started in 2009, talent management was becoming important. But we also saw there was no access to India-specific best practices and an India-specific benchmark. That’s where we created our business,” says Martinez.

The HR Fund has five anchor investors – Santrupt Misra, CEO, Carbon Black Business and director, group HR of the Aditya Birla Group; Pratik Kumar, executive VP for HR at Wipro; Arvind Agrawal, president, corporate development and group HR in RPG Group; NS Rajan – partner and global leader of people & organisation practice responsible for HR advisory services worldwide at Ernst & Young, and Venky Mysore, CEO and MD of Kolkata Knight Riders.

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