About People Strong
People Strong is a company based in Gurugram (India) founded in 2005 by Pankaj Bansal was acquired by Goldman Sachs in April 2025.. People Strong has raised $30.68 million across 19 funding rounds from investors including Zeta Global, HDFC Bank and Goldman Sachs. The company has 941 employees as of January 31, 2025. People Strong has completed 6 acquisitions, including BBSPL, Capabiliti and GrownOut. People Strong operates in a competitive market with competitors including Workday, Kronos, Paylocity, Ceridian and Darwinbox, among others.
- Headquarter Gurugram, India
- Employees 941 as on 31 Jan, 2025
- Founders Pankaj Bansal
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Peoplestrong Technologies Private Limited
- Date of Incorporation 14 Feb, 2006
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$32.07 M (USD)1.03as on Mar 31, 2024
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Net Profit
$6.66 M (USD)168.06as on Mar 31, 2024
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EBITDA
$-4.05 M (USD)56.51as on Mar 31, 2024
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Total Equity Funding
$30.68 M (USD)
in 19 rounds
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Latest Funding Round
$4.32 M (USD), Series C
Jun 04, 2025
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Investors
Zeta Global
& 32 more
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Employee Count
941
as on Jan 31, 2025
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Investments & Acquisitions
BBSPL
& 5 more
- Acquired by
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Software Development Team
45 people
Leadership Team
27 people
Human Resources and Administration
24 people
Sales and Marketing
17 people
Product Management Team
17 people
Customer Team
7 people
Manager Team
7 people
Legal and Compliance
6 people
Unlock access to complete
Funding Insights of People Strong
People Strong has successfully raised a total of $30.68M across 19 strategic funding rounds. The most recent funding activity was a Series C round of $4.32 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 19
- Last Round Series C — $4.3M
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First Round
First Round
(15 May 2006)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series C - People Strong | Valuation | West Street AEP I Offshore Aggregator |
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| Jul, 2021 | Amount | Angel Round - People Strong | Valuation |
investors |
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| May, 2018 | Amount | Series C - People Strong | Valuation | Multiples Alternate Asset Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in People Strong
People Strong has secured backing from 33 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Zeta Global, HDFC Bank and Goldman Sachs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment partnerships, entrepreneur support, and profit-focused services in finance.
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Founded Year | Domain | Location | |
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Investment in alternative assets, businesses, and funds in India.
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Founded Year | Domain | Location | |
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Venture capital support for technology startups in workforce and productivity innovation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by People Strong
People Strong has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include BBSPL, Capabiliti and GrownOut. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based compensation platform
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2017 | ||||
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Frontline employees are trained and engaged through a mobile-first platform.
|
2014 | ||||
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Referral hiring is enabled through social networking automation.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - People Strong
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
People Strong Comparisons
Competitors of People Strong
People Strong operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Workday, Kronos, Paylocity, Ceridian and Darwinbox, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is provided for enterprises.
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| domain | founded_year | HQ Location |
Human capital management platform is provided for HR process automation.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on People Strong
Frequently Asked Questions about People Strong
When was People Strong founded?
People Strong was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is People Strong located?
People Strong is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of People Strong?
Sandeep Chaudhary is the current CEO of People Strong.
Is People Strong a funded company?
People Strong is a funded company, having raised a total of $30.68M across 19 funding rounds to date. The company's 1st funding round was a Series C of $9.58M, raised on May 15, 2006.
How many employees does People Strong have?
As of Jan 31, 2025, the latest employee count at People Strong is 941.
What is the annual revenue of People Strong?
Annual revenue of People Strong is $32.07M as on Mar 31, 2024.
What does People Strong do?
PeopleStrong is a provider of cloud-based human resource management software. The product offerings include Alt Worklife, an HCM solution with features as employee onboarding, engagement, transfer management, etc; Alt Performance, a performance management software with features as goal management, performance reviews, feedback management, analytics, etc; Alt Recruit, a recruitment management software to manage end-to-end recruitment; Alt Analytics, an AI-based talent analysis solution that provides employers insights about candidates; The clientele includes Mahindra rise, HDFC Life, ICICI Prudential, CEAT, Royal Enfield, Tata Motors, Paytm, P G, Continental, Vivo, etc.
Who are the top competitors of People Strong?
People Strong's top competitors include Workday, SuccessFactors and GreytHR.
How many acquisitions has People Strong made?
People Strong has made 6 acquisitions, including BBSPL, Capabiliti, and GrownOut.
Who are People Strong's investors?
People Strong has 33 investors. Key investors include Zeta Global, HDFC Bank, Goldman Sachs, Ambuja Cements, and Lumis Partners.
What is People Strong's valuation?
The valuation of People Strong is $63.51M as of Jul 2021.
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