Goldman Sachs, the investment bank, has acquired a majority stake in PeopleStrong, a Gurugram-based HR SaaS firm, for approximately $130 million (around ₹1,200 crore). This acquisition includes the purchase of Multiples PE’s 84% stake in the company and the buyout of a portion of the Esops pool from PeopleStrong’s employees.

The deal marks the second major private equity buyout of a SaaS firm this year, following a similar transaction by Singapore-based private equity firm.

About PeopleStrong

PeopleStrong is a leading player in the HR SaaS space, providing innovative human resource management solutions to businesses across India and globally.

Goldman Sachs’ Investment Strategy

With this acquisition, Goldman Sachs aims to expand its footprint in the HR technology sector. The investment will likely enable PeopleStrong to accelerate its product innovation and global expansion plans, further strengthening its position in the SaaS market.