Betterplace raises $10 million in Series B funding led by Jungle Ventures

Blue-collar workforce management platform Betterplace has raised $10 million in a Series B funding round, led by Singapore-based Jungle Ventures, along with participation from existing investors Unitus Ventures, 3One4 Capital, and Venture Highway.

The Bengaluru-based startup said it serves more than 2 million workers across 1,000 enterprises annually and counts Swiggy, Zomato and Amazon among its clients.

It offers an end-to-end workforce management system and services, which provide employers a ready resource pool to hire from.

“The blue-collar ecosystem is undergoing massive digital transformation, and the ongoing pandemic has accelerated this adoption. We are onboarding more than 150,000 people digitally every month and aim to serve 2,000 enterprises and a 3 million workforce by the end of this financial year,” said Pravin Agarwala, cofounder and CEO, Betterplace.

The company will utilize the capital to scale up the platform and expand business operations in India and overseas. It also wants to build its presence in new business verticals and expand its footprint in the small and medium enterprises sector. The company said it will also scale up its Hire-Engage-Manage digital solutions, which connect 150 million blue-collar workers with the growing hiring needs of enterprises.

Betterplace counts Chinese phone maker Xiaomi-backed Workindia and Gusto in the US among its competitors.


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