You are here: Home » Companies » News
Business Standard

Chennai startup PiQube gets $500,000 funding

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

BS Reporter  |  Chennai 

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."

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, April 29 2015. 20:40 IST