HR Fund

HR Fund

HR Fund is a private equity vehicle based in Gurgaon, India, dedicated to investments in human-resource technology and workforce-management solutions. Founded by Managing Partner Anshul Bhargava, the firm operates at the intersection of enterprise software and labor-market innovation, focusing on companies that build tools for recruitment, payroll, compliance, and employee engagement. The firm deploys capital across early-stage and growth-stage businesses within the HR tech ecosystem. Its mandate spans seed rounds through growth equity, targeting software platforms that digitize the employee lifecycle. Geographic focus remains centered on India, with portfolio companies serving both domestic enterprises and global employers managing Indian workforces. The fund's narrow sector concentration means due diligence runs deeper on unit economics around per-employee-per-month pricing models than a generalist tech fund would typically pursue. Team size and total deployment are not publicly disclosed. HR Fund maintains its headquarters in Gurgaon, India's corporate-services corridor, which places it in proximity to a dense cluster of enterprise-software founders and the Indian back-offices of global HR-outsourcing firms. The firm does not publicly report fund closes or disclose limited partners. No adjacent philanthropic vehicles or co-investor clubs have been identified in public records. The structural differentiator is mandate purity. Unlike most Indian venture or growth funds that allocate to HR tech opportunistically within a broader enterprise-software bucket, HR Fund is theme-bound to a single vertical. This creates a sourcing advantage with founders who want a domain-specialist investor, while imposing a hard constraint that the fund's performance is wholly dependent on the HR tech category maturing in India.