Betterplace, which focuses on delivering blue-collar workforce management solutions, on Tuesday said it has raised $10 million (around Rs 74 crore) in a funding round led by Singapore’s Jungle Ventures.
The new funding for an undisclosed stake will be used by the Bengaluru-based company to scale the platform and expand operations in India and overseas, it said in a statement.
The company, which has raised $16 million till now, serves over 1,000 enterprises which collectively employ over 20 lakh workers, Betterplace said.
It is targeting to double the number of enterprises served to 2,000 and take the overall workers up to 30 lakh by the end of 2020-21.
Existing investors Unitus Ventures, 3One4 Capital and Venture Highway also participated in the latest round of funding, it said.
Source: MoneyControl
