M&A
BetterPlace acquires Indonesian HR Tech platform MyRobin
Bengaluru-headquartered frontline workforce management platform BetterPlace has picked up a majority stake in Indonesia-based blue-collar workforce fulfilment platform MyRobin in a cash-and stock-deal, marking the former's entry into Southeast Asia. Launched in 2020 in Indonesia, MyRobin is a workforce-as-a-services platform that provides enterprises with on-demand, pre-screened, blue-collar workers. It also provides solutions relating to recruitment, documentation, attendance, performance, and workers' payments. And for workers, it provides an online job portal, financial services, and training. BetterPlace plans to expand to Malaysia in March and Thailand in the following quarter.
From the Venture Intelligence PE-VC Deal Database: Between Feb 16 and Dec 22, BetterPlace had raised over USD 92 M from 3ONE4 Capital, VH Capital, Unitus Ventures, Jungle Ventures, CX Partners, British International Investment, Capria Ventures, Site Capital Partners, Macquarie and others.
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