Chennai startup PiQube gets $500,000 funding

India's first human resource-focused private investment company today announced its third investment in PiQube - a Chennai based startup.

The HR Fund would be investing $500,000, and in return, will be part of PiQube's board.

PiQube expects to transform the hiring industry by deploying analytics and machine learning.

The cash proceeds would help PiQube acquire technology capabilities, expand sales team and go for an aggressive geographical expansion in India and Southeast Asia, the company said.

PiQube was founded by Jayadev Mahalingam, who had a four-year stint with Infosys before venturing out as an entrepreneur.

The human resource-focused company is currently hosted at PayPal's Start Tank incubator center in Chennai, where they are receiving technology support and mentorship.
 

Mahalingam said that HR Fund with its vast expertise working in human resources segment would help PiQube refine its product from a functional perspective.

Utkarsh Joshi, principal at HR Fund said, " PiQube has the technology and the team to provide new dimensions to how new-age recruitment processes should work."