Private Equity

Private Equity Fund Investments

Bluecollar workforce mgmt co BetterPlace raises $24-M from Jungle Ventures, CX Partners, others

Economic Times  

BetterPlace, a Bangalore-based technology platform for blue-collar workforce management, has raised USD 24 million in a Series C funding round led by Delhi-based CX Partners and Singapore-based Jungle Ventures. CDC Group and Capria Ventures have also participated in this round alongside existing investors Unitus Ventures and 3one4 Capital. This comes after the firm had raised a Series B of USD 10 million in late 2020. The company will use the fresh funds to continue to invest in technologies and products to support its growth as well as pursue inorganic growth opportunities.

From the Venture Intelligence PE-VC Deal Database: Between Feb-2016 and Oct-2020, BetterPlace had raised over USD 15 M from 3ONE4 Capital, VH Capital, Unitus Ventures and Jungle Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)