Update: BetterPlace raises $40 Mn in extended Series C round
Summary
Update: BetterPlace on Tuesday announced that it has raised $40 million as part of Series C+ fundraise. The fresh infusion of funds sees participation from new and existing investors including Jungle Ventures and British International Investment. As per its website, the company has provided full-stack workforce management solutions to more than 1,000 enterprises including Amazon, Ola, Uber, Swiggy, Zomato, et al and currently serves over 100 locations.While BetterPlace is yet to file its financials for FY22, it generated revenue from operations of Rs 50.8 crore in FY21 along with a loss of Rs 18.2 crore, its annual financial statement with the RoC shows.As of now, BetterPlace has acquired six companies: Oust Labs, AasaanJobs, OLX People, Waah Jobs, OkayGo, and EzeDox. It directly or indirectly competes with the likes of Apna, GigIndia, and WorkIndia.B2B e-commerce platform Udaan is on top in terms of raising money via convertible notes and debts. The list includes LEAD, Rebel Foods, Dunzo, ReshaMandi, Byjus, Reevoy, Perfios, HomeLane, Epigamia, Ather Energy, and Mobikwik.
Funding
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