Goldman Sachs buys majority stake in HR firm PeopleStrong

Goldman Sachs Alternatives has acquired a majority stake in PeopleStrong, valuing the human capital management SaaS provider at Rs1300 crore. Multiples Alternate Asset Management previously held a significant stake in PeopleStrong. PeopleStrong aims to expand its user base to 10 million globally in the next five years, leveraging its AI-powered HCM platform.