VC Fund Investments
HR-tech startup BetterPlace raises $12-M more from Jungle Ventures
Bengaluru-based blue collar workforce management startup BetterPlace is raising USD 12 million (INR 96 crore) from existing investor, Singapore-based Jungle Ventures. The amount would be raised by allotting convertible notes in two tranches. BetterPlace offers employee lifecycle management services including onboarding, background verification, training, certification, attendance management, and upskilling. It claims to be working with 1,500 companies. The firm is also working on as D2C-based product called ‘Rocket'. The new funds will be used for expansion and general corporate purposes.
From the Venture Intelligence PE-VC Deal Database: Between Feb 16 and Sep 21, BetterPlace had raised over USD 40 M from Jungle Ventures, CX Partners, BII, 3One4 Capital, Unitus Ventures, VH Capital and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From the Venture Intelligence M&A Deals Database: BetterPlace has acquired 5 companies in 2021 and 2022 - Waah Jobs, Oust Labs, OLX People in Oct 21, OkayGo in May 22 and ezeDox in Jun 22 (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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