CIEL HR Services has successfully raised 30 crore in a pre-IPO funding round from 88 investors, including Zoho Corporation and Pegasus India. The Chennai-based human resources solutions provider plans to use these funds to acquire stakes in its subsidiaries, meet working capital needs, and pursue inorganic acquisitions. The company is preparing for an Initial Public Offering (IPO) which will include a fresh issue of shares and an offer for sale by existing shareholders.