India Dealbook: Startups PeopleStrong HR, Rubix108 and CorporatEdge raise funds

PeopleStrong HR Services, education technology startup Rubix108 and office space provider CorporatEdge have raised funding.

PeopleStrong HR raises funds from Zeta

Gurgaon-based PeopleStrong HR Services has raised an undisclosed amount of funding from digital payments and meal vouchers company Zeta, according to a report in The Economic Times.

In lieu of its investment, Zeta has picked up minority stake in the HR startup.

Through this  strategic and commercial partnership both companies jointly launch a human resources-focused mobile app later this week.

“It’s not a significant equity, and we have had conversations over the past one year… This will be the first HR-focused app launched anywhere… We have 5,00,000 users who are using our product, and Zeta will get access to all of them,” Pankaj Bansal, chief executive of PeopleStrong told the news paper.

Last year, Zeta had also picked up stake in ZingHR, a cloud-based employee management platform for an undisclosed amount.

Edtech startup Rubix108 raises $1m pre-Series A funding

Education technology startup Rubix108 Technologies has raised $1 million Pre-Series A funding led by Polaris Fund with participation of angel investor Ayush Kankariya.

The Pune-based startup plans to use this latest funding to facilitate customer acquisition and enable seamless communication at the school and college levels.

Rubix108 will also utilise the a part of the funds to further penetrate into Asian markets including Malaysia, Indonesia, Sri Lanka, and the Middle East.

The deal was structured by Mumbai-based financial and business advisory firm Creago Advisors.

As per the official statement, the funding will be utilised to facilitate customer acquisition and enable seamless communication at the school and college levels.

Rubix108 Technologies will also be spending a portion of the fresh capital from Polaris Fund to further penetrate the markets in Malaysia, Indonesia, Sri Lanka, and the Middle East.

SIDBI fund backs Corporatedge

Sidbi India Opportunities Fund, the venture capital arm of the Small Industries Development Bank of India, has invested an undisclosed amount of funding in office space provider Corporatedge.

Formed in 2012, CorporatEdge, operated by CE Serviced Offices Pvt Limited, provides fully serviced offices, virtual offices, meeting rooms and co-working spaces for companies ranging from startups to multinational conglomerates in Delhi-NCR and Gurgaon.

With this latest funding the company plans to expand its services from Gurgaon to six more locations. At present, two operational serviced office offerings at premium locations in Gurgaon.

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Zeta picks up minority stake in ZingHR

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