The workforce management startup Betterplace has raised $10 million in a Series B round led by Jungle Ventures. Existing investors such as Unitus Ventures, 3One4 Capital, and Venture Highway also participated in the round, said a statement.
The new funds will be used for product innovation, expanding the presence in new business verticals and the SME sector and grow internationally, said the company.
Launched in 2015, Bengaluru-based startup focus on blue-collar workforce management through its data-driven, tech platform. So far it has raised a total of $16 million and the company has already partnered with enterprises such as Amazon, Zomato, Flipkart, Accenture, L&T, Mahindra Logistics.
The company offers end-to-end workforce management system with its inbuilt proprietary digital tools and services which provide employers with a ready resource pool to hire from, completely automated onboarding with inbuilt compliance, touchless attendance management, real-time visibility in resource utilization, one-click payroll management.
“The blue collar ecosystem is undergoing massive digital transformation and the ongoing pandemic has accelerated this adoption. We are onboarding more than 150k people digitally every month and aim to serve 2000 enterprises and a 3 million workforce by the end of this financial year,” said Pravin Agarwala, Co-founder CEO, Betterplace.
With this investment, Jungle Ventures founding partner Anurag Srivastava has joined the Betterplace board.
“The global blue collar workforce space is expected to be $455 billion opportunity globally by 2023 and we are very excited to partner with Betterplace on this journey with them. We look forward to working with the team and help them to expand in India and South East Asia,” said Agarwala.