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BetterPlace Revenue, Valuation, Funding & Investors
BetterPlace is valued at $600M as of December 2022, a 6.0x multiple on its last reported $100M revenue.
Last BetterPlace valuation
$600M
Series C · Dec 2022
Last BetterPlace funding round
$4M
Series D · Mar 2025
BetterPlace revenue
$100M
Series C · Dec 2022
Key investors in BetterPlace
Jungle Ventures
Unitus Ventures
3one4 Capital
Venture Highway
British International Investment
Capria Ventures
About BetterPlace
BetterPlace is a Bengaluru-headquartered SaaS platform for blue-collar hiring and management in India. The company verifies over 5 million worker profiles annually using Aadhaar-linked background checks and skill assessments. BetterPlace serves clients like Reliance Retail and Zomato with shift scheduling, payroll automation, and compliance tools across 20 states. Founded in 2016, it operates a network of 500 staffing partners nationwide.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Dec 2022)
Valuation
$600M (Dec 2022)
Sectors
BetterPlace Valuation
BetterPlace is currently valued at $600M, based on its Series C in December 2022.
The $41M round was led by Jungle Ventures, with participation from CX Partners, Unitus Ventures, Macquarie Asset Management, Site Capital Partners, British International Investment and 1 other investor.
BetterPlace valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2022 | Series C | $600M | 6.0x |
BetterPlace Revenue
BetterPlace's latest recorded revenue is $100M, as of its Series C in December 2022. At a $600M valuation, that implies a 6.0x revenue multiple.
BetterPlace revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2022 | $100M | $600M | 6.0x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
BetterPlace Funding History
BetterPlace has raised a total of $95M across 7 funding rounds.
BetterPlace's first fundraising round was a $1M seed round in February 2016. The most recent completed round was a $4M Series D in March 2025.
BetterPlace funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2025 | Series D | Jungle Ventures (lead); Capria Ventures | $4M | - | BetterPlace is a blue-collar workforce management platform founded in 2015 that provides end-to-end employee lifecycle solutions including digital onboarding, background verification, KYC, training, skill development, attendance management, payroll, and compliance services. The company serves over 1,000 enterprises across India and Southeast Asia, with customers including Amazon, Ola, Uber, Swiggy, and Zomato. In March 2025, BetterPlace closed its Series D funding round at a post-money valuation of $250 million. The round consisted of $3.8 million in new capital, with Jungle Ventures leading the investment and Capria Ventures participating. The funds were allocated for general business operations and future growth initiatives. As of FY23 (ending March 2024), BetterPlace had achieved revenue of Rs 533 crore (approximately $64 million USD equivalent). The company had previously targeted an ARR exceeding $100 million in FY23 and has been experiencing significant growth, with 5x revenue growth achieved in FY22. The company operates in a $400 billion frontline workforce management market opportunity across Asia and has acquired eight companies including Oust Labs, AasaanJobs, and OLX People to strengthen its platform capabilities and market position. |
| Dec 2022 | Series C | Jungle Ventures (lead); CX Partners; Unitus Ventures; Macquarie Asset Management; Site Capital Partners; British International Investment; 3one4 Capital | $41M | $600M | BetterPlace is an HRtech software-as-a-service (SaaS) platform providing full-stack workforce management solutions for enterprises managing frontline workers. The company delivers agility, transparency, and efficiency to large employers through a horizontal platform specifically designed for blue and grey-collar workforce management across Asia. In December 2022, BetterPlace raised $40 million in an extended Series C+ round from investors including Macquarie Capital, SITE Capital Partners, Jungle Ventures, and British International Investment. The company had achieved 5x revenue growth year-over-year in FY22 and was targeting an annual recurring revenue (ARR) of over $100 million in FY23. At the time of the funding, CEO Pravin Agarwala indicated the company expected to convert the funds raised into equity at a valuation between $500-700 million in the coming months. BetterPlace operates across India and Southeast Asia, serving over 1,100 large enterprises that collectively manage more than 4 million frontline workers monthly. The company planned to use funding for geographical expansion, particularly in Indonesia, Malaysia, Thailand, and the Philippines, as well as for technology enhancements and AI capability development to serve both existing and new clients in the $400 billion frontline workforce management market in Asia. |
| Aug 2022 | Series A | Jungle Ventures (lead) | $12M | - | BetterPlace is a technology platform providing workforce management solutions for blue-collar workers, including digital onboarding, background verification, skill development, and services for enterprises like Amazon, Ola, Uber, Swiggy, and Zomato. The company raised a $12 million convertible note in August 2022 led by Jungle Ventures to support ongoing business operations and strategic initiatives. This followed a Series B round of $10 million in October 2020 also led by Jungle Ventures and preceded a Series C of $41 million in December 2022 led by Jungle Ventures. BetterPlace has acquired eight companies including Oust Labs, Aasaan Jobs, and MyRobin to expand its offerings. |
| Sep 2021 | Series C | CX Partners (lead); Jungle Ventures (lead); Unitus Ventures; Catnip Pvt Ltd.; Capria Ventures; Pivot Ventures; British International Investment; Emerge Capital; Potential Ventures; 3one4 Capital | $24M | - | BetterPlace is India's largest technology platform for blue-collar workforce management, founded in 2015 by Pravin Agarwala and Uday Singh. The company operates a SaaS platform that helps enterprises manage the entire lifecycle of blue-collar workers, offering services including hiring, background verification, digital onboarding, training, attendance management, payroll processing, and compliance services. The company has established partnerships with major corporations such as Amazon, Zomato, Flipkart, Accenture, L&T, and Mahindra Logistics. In September 2021, BetterPlace raised $24 million in Series C funding led by Delhi-based CX Partners and Singapore-based Jungle Ventures, with participation from CDC Group and Capria Ventures alongside existing investors Unitus Ventures and 3one4 Capital. At the time of the Series C round, the company had an annual recurring revenue of $15 million and stated an ambitious target to reach $100 million in revenue by December 2022 while impacting the lives of more than 10 million people daily. The company planned to use the capital to accelerate investment in technologies and products, pursue inorganic growth through acquisitions of niche solutions, and expand its leadership position in the blue-collar workforce management sector. |
| Oct 2020 | Series B | Jungle Ventures (lead); Venture Highway; Unitus Ventures; 3one4 Capital | $10M | - | BetterPlace is an HR tech startup focused on bridging the B2B demand and supply gap for gig workers. The company reported revenue of INR 41.1 Cr in FY2020, a 1.2x increase from INR 33.3 Cr in FY2019. Expenses rose from INR 32.3 Cr to INR 48.8 Cr, resulting in a loss of INR 7.75 Cr compared to a profit of INR 84 Lakh the prior year. Operational overheads decreased by 21% to INR 15.4 Cr from INR 19.5 Cr despite investments in technology and sales teams. Employee benefits costs nearly doubled to INR 17.08 Cr from INR 9.37 Cr. The company earned INR 5.43 Cr from technology initiatives at an expense of INR 5.39 Cr in FY2020. CEO Pravin Agarwala noted prior profitability and positive EBITDA in FY2019 before accelerating growth. |
| May 2018 | Series A | 3one4 Capital (lead); Venture Highway; Unitus Ventures | $3M | - | BetterPlace is an employee lifecycle management platform for blue-collar and grey-collar workforces, founded in 2015. The platform started as a background verification service and evolved into a comprehensive SaaS-based HRMS solution offering assessment, digital onboarding, KYC, training, attendance management, payroll, workforce fulfillment, upskilling, and compliance services for enterprises across India and Southeast Asia. In May 2018, BetterPlace raised $3 million in Series A funding led by 3one4 Capital, with participation from existing investors Unitus Ventures and Venture Highway. The round supported expansion of the company's solutions into skilling, compliance, and fintech services. At the time of the round, BetterPlace reported annual recurring revenue (ARR) of $4 million with monthly growth of 13–15%. The company had achieved strong traction across logistics, on-demand services, IT-ITES, schools, facility management, and private security verticals. By May 2018, BetterPlace had helped employers hire over 1.5 million people and had made 1.2 million people credit-ready using proprietary trust scoring algorithms. The platform served over 1,100 companies managing blue and grey-collar workforce lifecycles. Post-money valuation for the Series A round was not publicly disclosed. |
| Feb 2016 | Seed | Venture Highway; Unitus Ventures | $1M | - | - |
Who has invested in BetterPlace?
13 investors have backed BetterPlace across its funding rounds, including Jungle Ventures, Unitus Ventures, 3one4 Capital, Venture Highway, British International Investment and Capria Ventures.
Lead investors include Jungle Ventures, CX Partners and 3one4 Capital.
BetterPlace Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Participant | Feb 2016 | ||
| 5 | Lead | Oct 2020 | ||
| 4 | Lead | May 2018 | ||
| 3 | Participant | Feb 2016 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Participant | Sep 2021 | ||
| 2 | Participant | Sep 2021 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by BetterPlace
BetterPlace has acquired 9 companies to date.
Last acquisition by BetterPlace was on May 8th 2023. BetterPlace acquired Bueno Finance for undisclosed valuation.
Latest Acquisitions by BetterPlace
| Description | Bueno Finance is a Hyderabad-based fintech platform extending short-term credit to blue-collar workers in India. The app issues UPI handles backed by credit lines for online purchases and facilitates offline QR code payments at merchants, streamlining access to finance via buenofinanceinc.com. | TROOPERS is a Kuala Lumpur-headquartered mobile platform that delivers digital HR solutions for gig economy matching in Southeast Asia. The app connects part-time workers with employers for flexible shifts in hospitality, retail, and logistics sectors via geolocation and skill-based algorithms. TROOPERS verifies candidates through background checks and ratings systems, ensuring compliance with Malaysian labor laws. Serving clients like hotels and event organizers, it processes thousands of daily gigs with features for instant payments and shift scheduling. | MyRobin.id is an Indonesian talent platform connecting businesses with pre-vetted workers on flexible contracts. Jakarta-headquartered since 2019, it serves SMEs in e-commerce, logistics, and tech with payroll, training, and compliance services. MyRobin manages over 100,000 freelancers across Java and Sumatra, enabling rapid scaling for startups like Gojek partners. | ezeDox is a cloud-based workforce management platform featuring a drag-and-drop no-code interface for enterprise applications. The service handles scheduling, compliance, and operations for business users worldwide via ezedox.com. | |
| HQ Country | |||||
| HQ City | Gurgaon | Kuala Lumpur | Jakarta | Bangalore | |
| Deal Date | 8 May 2023 | 30 Mar 2023 | 6 Feb 2023 | 8 Jun 2022 | |
| Valuation | undisclosed | $20M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all BetterPlace acquisitions and their M&A valuation multiples. Start Free Trial | |||||
BetterPlace Competitors
BetterPlace competitors include listed companies like Johnson Service Group, Dexterra Group, Restore and Coor Service Management, and private ones like Multiplier and FMX.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $400M | - | ||
| Publicly listed | $719M | $215M | $650M | 1.3x | ||
| Publicly listed | $746M | $78M | $650M | 1.0x | ||
| Publicly listed | $409M | $92M | $552M | 2.0x | ||
| Private | - | - | $667M | - | ||
| Publicly listed | $1.3B | $82M | $493M | 0.6x |
BetterPlace Public Comps
BetterPlace is still privately-owned, but its public comps include Restore, Johnson Service Group, Dexterra Group, Coor Service Management, Mestek, K-Bro Linen, Andrews Sykes Group, BLS E- Services, Accel and EVI Industries.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $409M | $92M | 2.2x | 2.0x | 9.8x | 7.1x | |||
| $719M | $215M | 1.3x | 1.3x | 4.2x | 3.9x | |||
| $746M | $78M | 1.1x | 1.0x | 10.5x | 8.5x | |||
| $1.3B | $82M | 0.6x | 0.6x | 8.8x | 7.9x | |||
| $329M | $29M | 1.5x | - | 16.8x | - | |||
| $363M | $65M | 1.6x | 1.5x | 9.2x | 7.8x | |||
| $103M | $44M | 2.8x | - | 6.6x | - | |||
| $117M | $9M | 2.3x | - | 29.7x | - | |||
This data is available for Pro users. Sign up to see all BetterPlace competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BetterPlace
| When was BetterPlace founded? | BetterPlace was founded in 2015. |
| Where is BetterPlace headquartered? | BetterPlace is headquartered in Bangalore, India. |
| Is BetterPlace publicly listed? | No, BetterPlace is a private, VC-backed company. |
| What is BetterPlace's valuation? | BetterPlace was last valued at $600M in its Series C in December 2022. |
| How much funding has BetterPlace raised? | BetterPlace has raised $95M across 7 funding rounds. |
| What was BetterPlace's last funding round? | BetterPlace's last funding round was a $4M Series D in March 2025, led by Jungle Ventures. |
| Who are BetterPlace's investors? | BetterPlace's investors include Unitus Ventures, Jungle Ventures, 3one4 Capital, Venture Highway, CX Partners, Capria Ventures, British International Investment, Macquarie Asset Management, Site Capital Partners, Catnip Pvt Ltd. and 3 others. |
| What is BetterPlace's revenue? | BetterPlace's latest recorded revenue is $100M (December 2022). |
| What is BetterPlace's revenue multiple? | BetterPlace's latest valuation implies a 6.0x revenue multiple ($600M valuation on $100M of revenue). |
| Which companies are comparable to BetterPlace? | Companies comparable to BetterPlace include Multiplier, Johnson Service Group, Dexterra Group, Restore, FMX and Coor Service Management. |
| How many companies has BetterPlace acquired? | BetterPlace has acquired 9 companies, including Bueno Finance, TROOPERS, MyRobin.id, ezeDox and OkayGo. |
| What was the largest acquisition by BetterPlace? | The $20M acquisition of TROOPERS in March 2023 is the largest acquisition BetterPlace has made to date. |
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