• The HR Fund is a LLP firm that provides growth capital to Human Resource (HR) entrepreneurs
  • The HR Fund looks at investing in HR focused businesses
  • Currently, the Fund has 3 investee companies companies
    • People Matters (HR Knowledge and Media)
    • Knolskape (L&D Gamification)
    • Sheroes (Women Career Platform)
  • The HR Fund is headquartered in Gurgaon, India

  • The philosophy of the Fund is to invest in companies that we believe can be market leaders in HR
  • The HR Fund wants to illustrate to the HR and business world that there is much more to HR than just recruitment. In essence The HR Fund is actively promoting a wider industry shift in favour of HR and Talent management
  • The founders of The HR Fund have identified a huge latent opportunity to organise the workforce in India, Asia Pacific and the Middle East. The HR Fund aims to institutionalize the HR industry in these regions – to build HR services companies and to make them public
  • The HR Fund’s investment philosophy is as much entrepreneur focused as on the business itself. HR Fund looks for dynamic entrepreneurs who are able to balance passion and values with sound business sense

  • There is a fundamental transformation occurring in how HR is viewed at the highest levels. An increasing number of HR professionals are taking up senior board level positions
  • HR, as a key function of business, in Asia came to the fore only in the early 90s. Thus the HR industry is still a very young and high-growth industry in this region
  • A detailed analysis of the HR industry in the US points to the potential size and scale that can be achieved
  • The founders have a successful track record of creating HR companies and also an in-depth understanding of the global marketplace for HR companies

  • Focus on HR: Exclusive focus on the HR domain. The HR Fund prides itself to be the first, and for now, the only dedicated HR investment company
  • Stellar Team: The HR Fund’s Founders and Advisors come with extensive professional experience and highly successful track records. The team has prior experience of building profitable businesses
  • Investors: The Investors of the Fund are professionals of the highest calibre. These individuals comprise senior and respected professionals of the HR, Finance and Technology industries and will add value to any business that the Fund invests in
  • Proven Track Record: Back in 2006, The HR fund was the anchor investor in PeopleStrong. Today PeopleStrong has grown to be a leading HRO & RPO firm. The HR Fund has worked closely with PeopleStrong as a hands-on investor – enabling, guiding, and mentoring the business.The HR Fund will replicate the same approach across other investee companies in the future
  • Investment Philosophy: The HR Fund spends substantial time identifying, vetting, and guiding new entrepreneurs before and after the decision to invest

  • The HR Fund is an LLP registered as WITHYA HR FUND LLP
  • We have our registered and corporate office at C-81B, DLF Super Mart -1, DLF City Phase IV, Gurgaon
  • Investors directly invest into the LLP and in return they are allocated shares of Withya HR FUND LLP
  • The investors’ money is pooled together as a corpus, which is then used to make equity investments in private
    HR companies
  • The HR Fund looks to take board positions in all its investee companies

The HR Fund has established a comprehensive investment strategy, which is based on the following three pillars:
(a) Clearly defined investment parameters
(b) Proprietary Investment Opportunity Analysis Frame work
(c) Entrepreneur mentorship

a) Clearly defined investment parameters: The HR Fund only looks at investing in HR businesses which meet the following parameters:

  • Private companies in the HR space with scalable business models
  • Early to mid stage companies
  • Investment ticket size between INR 3 Cr. to 6 Cr.
  • Priority to HR Technology companies with additional focus on Recruitment (Referral, Social Hiring, Analytics, Screening, Background Verification, Staffing), Workforce management (Analytics, Payroll, Benefits and HR Automation), Learning & Development (Learning Solutions,Gamification, Training, Assessments), and Performance management (Reviews, Career Planning, Goal Setting, Recognition and Compensation).

b) Proprietary Investment Opportunity Analysis Framework: Post application of the investment parameters, the Fund applies its proprietary Investment Opportunity Analysis Framework to potential investee businesses. Some key features of this framework analysis are:

  • Idea Analysis- Each idea is evaluated on scalability, intellectual property and first mover advantage
  • Entrepreneur Analysis: Each entrepreneur is evaluated to determine his/her ‘stage’ on the
    entrepreneurship journey
  • Layer Analysis- Various functions (or layers) within a company are evaluated for efficiency and rigour
  • Cognitive analysis – Each management team member is analysed to understand if they are more inclined towards right (creative), left (analytical), right and left (integrated) brain thinking

c) Entrepreneur Mentorship: This is crucial to the Fund’s investment philosophy where the fund vets founders and their businesses to see if they can mentor the entrepreneurs to take their businesses to the next level. This is a comprehensive, interactive analysis and the outcome is a detailed report of their strengths, weaknesses
and core competencies

  • Once a business goes through the above three levels of analysis, The HR Fund subjects it to external financial and legal due diligence
  • Post successful due diligence reports, the Fund negotiates valuation, stake and board positions before finalizing the investment decision

  • The HR Fund has adopted best in class governance and operational practices
  • The HR Fund has a Board of Directors that works with the management team. These directors consist of promoter, as well as independent and investor representatives
  • The management team is full time in-house team that looks at the strategy, marketing and operations of the Fund
  • The Fund has outsourced its audit and legal functions to external vendors with Deloitte Haskins & Sells appointed as the external auditor
  • Internal governance and processes followed are as follows:
    • Quarterly Board meetings
    • Regular fund reports sent across to board and investors
    • Reports comprise regular MIS, strategic updates and investment reports
    • Budget formation, review and approval is a dedicated exercise
  • Investee company governance and processes:
    • Monthly MIS reports are submitted with additional reports and discussions around quarterly
      and annual reports
    • Budgeting and strategic planning is a dedicated exercise
    • The HR Fund attends the quarterly and annual meetings in its capacity as a Board member

  • The HR Fund has invested in three companies currently – People Matters, knolskape and Sheros
  • All of these companies use innovative technology in transformative modes to reshape the HR and
    Talent Management space

Sheroes – A platform for women with ambition and aspirations, SHEROES offers a career world with opportunities, high growth career resources, mentorship, skills and support. A community built around principles of learning, growth and sharing, the members access most diverse work formats.

KNOLSKAPE – is an award-winning immersive gamification and simulation software company focusing on talent transformation. Using experiential learning products, they help organizations attract, grow and retain talent. Global Fortune 500 companies and Top-10 B-schools use KNOLSKAPE’s

People Matters – is a leading Indian HR knowledge, media and events platform based out of Gurgaon, India. It strives to create an HR community of practice and excellence between HR Managers, HR Service Providers and CXOs leading to growth and development of their most important asset, people.

C-81 B, 8th Floor DLF Supermart-1, DLF City
Phase IV Gurgaon, Haryana 122002, India