Chennai-based recruitment assisting startup, PiQube, has secured INR 3.2 crores in two tranches from HR Fund, a human resources-focused private investment company.
The funds will be utilized primarily expanding its technology and sales team along with expanding its business both within India and the South East Asia.
“ The investment will not only help us scale up and grow rapidly, but also we are confident that we will become the new benchmark for recruitment processes going forward. We are excited to have ‘The HR Fund’ as partners and look forward to growing the business together,” says Jayadev Mahalingam, Founder & CEO, PiQube.
The investment in PiQube is the third transaction made by the HR Fund, which has a Rs 50 crore corpus. The company has previously invested in human resources outsourcing venture PeopleStrong and; HR focussed knowledge and media platform People Matters in 2012.