Private Equity

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B2B HR-tech platform Multiplier raises $60-M from Tiger Global, Sequoia Capital, others

Economic Times  

Singapore-headquartered Multiplier Technologies, a business-to-business (B2B) enterprise employment platform, has raised USD 60 million in a funding round co-led by Tiger Global and Sequoia Capital India. The round saw participation from DST Global. The investment brings Multiplier's total funding to USD 77.2 million, and its valuation to USD 400 million. The firm will use the funds to expand its global infrastructure and add new capabilities, and for hiring. The new round comes three months after the company raised funds led by Sequoia Capital India. Founded in 2020 by Sagar Khatri, Amritpal Singh and Vamsi Krishna, Multiplier helps companies tap global talent pools. Its clients can manage global payroll, provide benefits, insurance and tackle compliance starting at USD 300 per employee per month and USD 40 per freelancer per month.