BetterPlace Secures $3.8M in Series D Funding
Deal News | Mar 05, 2025 | Aim Group
BetterPlace, an India-based blue-collar recruitment management platform, has raised $3.8 million in a Series D funding round, valuing the company at approximately $250 million. The funding round was led by Jungle Ventures, a previous investor in the company's Series C round, accounting for the majority of the investment at INR207 million. Capria Ventures covered the remaining investment. This funding will support BetterPlace in managing its operational expenses. The company has notably engaged in strategic acquisitions over recent years, such as OLX's WaahJobs, and has expanded its services with the launch of its HR management system, GoBetter. Founded by Pravin Agarwala and Saurabh Tandon, BetterPlace has partnered with 1,500 enterprises and improved the skills of 2.5 million workers globally.
Sectors
- HR Technology
- Blue-collar Workforce Management
- Private Equity/Venture Capital
Geography
- India – BetterPlace is an Indian company, focusing its operations, workforce management solutions, and recent product launches within the country.
- Global – The company claims to upskill workers globally, indicating its operations and impact extend beyond India.
Industry
- HR Technology – BetterPlace is involved in the HRTech industry, providing recruitment management services and HR solutions, exemplified by its launch of GoBetter, an HR management system.
- Blue-collar Workforce Management – The company's core focus on managing and upskilling blue-collar workers globally positions it squarely in the blue-collar workforce management industry.
- Private Equity/Venture Capital – The involvement of Jungle Ventures and Capria Ventures highlights the article's relevance to the private equity and venture capital sector.
Financials
- $3.8 million – The amount raised by BetterPlace in its Series D funding round.
- $250 million – The approximate valuation of BetterPlace following the Series D funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BetterPlace | Target Company | Company | BetterPlace is a blue-collar workforce management firm that has raised funding in a Series D round. |
| Jungle Ventures | Leading Investor | Company | A venture capital firm that led BetterPlace's Series D funding round. |
| Capria Ventures | Investor | Company | A venture capital firm participating in BetterPlace's Series D funding round. |
| Pravin Agarwala | Co-founder | Person | Co-founder of BetterPlace. |
| Saurabh Tandon | Co-founder | Person | Co-founder of BetterPlace. |