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June 13, 2013

Deal Alert: HDFC co-invests with Lumis Partners in HR Services firm PeopleStrong

HDFC Holdings, a wholly owned subsidiary of publicly listed Housing Development Finance Corporation (HDFC), has invested in PeopleStrong, a HR outsourcing and technology company. Apart from HDFC Holdings, existing PE investor Lumis Partners also invested in the round. Gurgaon-based PeopleStrong was started in 2006 and services client across business segments such as BFSI, IT/ITES, automobiles, pharma and education.  

From the Venture Intelligence PE Deal database: In February 2011 Lumis Partners had invested $2.43 million in PeopleStrong. Source: Business Standard
 
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