BetterPlace Key Metrics
- Founded Year
- 2015
- Location
- Bengaluru, India
- Company Stage
- Series C
- Total Funding
- $92.7M
- Latest Funding Round
- $1.03M, Series C, Aug 03, 2023
- Employee Count
- 347 as on Feb 29, 2024 View historical trend
- Valuation
- $289M as on Aug 03, 2023
- Annual Revenue
- $9.79M as on Mar 31, 2023
- Competitor Rank
- 10th out of 830 competitors with a Tracxn Score of 64/100 What is this?
- Acquisitions
- BetterPlace has made 7 acquisitions
- Investments
- BetterPlace has not made any investments yet
Company profile of BetterPlace
What does BetterPlace do?
Cloud-based platform for contingent workforce management. It provides capabilities for personnel background checks, sourcing, onboarding, and database administration. The tools include AI interfaced workforce onboarding, digital signature and document management, employee time monitoring, real-time dashboards, attendance record management, and payroll computation. It also offers an applicant tracking system to source, track, recruit, and manage candidates.
What sectors and market segments does BetterPlace operate in?
The primary business model of BetterPlace is:
Gig Economy > ********* ** **** ** > ******Which legal entities is BetterPlace associated with?
BetterPlace is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
BETTERPLACE SAFETY SOLUTIONS PRIVATE LIMITED | Dec 31, 2014 | $785M (as on Mar 31, 2023) | -$1.19B (as on Mar 31, 2023) | 469 |
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Funding and Investors of BetterPlace
Filter this listHow much funding has BetterPlace raised till date?
BetterPlace has raised a total funding of $92.7M over 10 rounds. It's first funding round was on Mar 31, 2015. It's latest funding round was a Series C round on Aug 03, 2023 for $1.03M. 2 investors participated in it's latest round, lead by Innoven Capital.
List of recent funding rounds of BetterPlace
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Aug 03, 2023 | $1.03M | Series C | 8677815 | 4991575 | |
Apr 28, 2023 | $9.9M | Series C | 9170721 | 4098982 | |
Aug 05, 2022 | $40M | Series C | 7557297 | 7747162 |
Access funding benchmarks and valuations. Talk to us now!Who are the investors in BetterPlace?
BetterPlace has 33 institutional investors including Jungle Ventures, CX Partners and Capria. Jungle Ventures is the largest institutional investor in BetterPlace. Krishnamurthy Balasubramanian and 1 other are Angel Investors in BetterPlace.
View details of BetterPlace funding rounds and investors
Founders and Board of Directors of BetterPlace
Founder? Claim Profile
Who are the CEO, Founders and Directors of BetterPlace?
- Pravin Agarwala, Co-Founder & CEO, is a founder of 3 companies, an Angel investor in 2 companies and on the board of 2 companies. 2 email.
- Saurabh Tandon, Co-Founder & COO, is a founder of 1 company and on the board of 2 companies. 1 email.
- Uday Singh, Co-Founder, is a founder of 1 company and on the board of 1 company. 1 email.
- Amit Garg, Director, is on the board of 1 company.
How many employees does BetterPlace have?
BetterPlace has 347 employees as of Feb 24. The total employee count is 15.4% lower than what it was in Feb 23.
Uncover BetterPlace's growth story! Schedule a demo nowView details of BetterPlace's Founder profiles and Board Members
Competitors of BetterPlace
Competitive landscape of BetterPlace
BetterPlace has a total of 830 competitors and it ranks 10 th among them. 91 of its competitors are funded while 74 have exited. Overall, BetterPlace and its competitors have raised over $2.78B in funding across 273 funding rounds involving 629 investors. There is 1 private unicorn, 1 public and 73 acquired companies in the entire competition set.Below is a comparison of top competitors of BetterPlace
 | ||||
|---|---|---|---|---|
Description | Cloud-based platform for contingent workforce management | freelance management and payment solution | Remote workforce management solution | Cloud based platform for contingent workforce and vendor management solutions |
Founded Year | 2015 | 2010 | 2008 | 1999 |
Location | Bengaluru (India) | New York City (United States) | Atlanta (United States) | Jacksonville (United States) |
Company Stage | Series C | Acquired | Series B | Acquired |
Unicorn Rating | Soonicorn | - | Unicorn | - |
Total Funding | $92.7M | $66M | $143M | $60M |
Funding Rounds | 10 | 5 | 3 | 4 |
Latest Round | Series C, $1.03M, Aug 03, 2023 | Series D, $25M, Apr 25, 2017 | Series B, $37M, Mar 19, 2024 | PE, Undisclosed, May 03, 2022 |
Investor Count | 35 | 9 | 6 | 6 |
Top Investors | ||||
Tracxn Score What is this? | 64/100 | 76/100 | 75/100 | 72/100 |
Overall Rank | 10th | 1st | 2nd | 3rd |
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Get insights and benchmarks for competitors of 2M+ companies! Talk to us to know howLooking for more details on BetterPlace's competitors? Click here to see the top ones
Latest Shareholding of BetterPlace
Who are the current shareholders of BetterPlace?
- As of Aug 03, 2023's latest post-round ownership report, Founders hold 25.79% at a net worth of INR 618Cr.
- Funds own the majority of BetterPlace's shares, accounting for 59.00%, while Founder hold 25.79%, Enterprise hold 5.56%, Angel hold 2.02% and Other Investors hold 0.99%.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 25.79% | 618Cr | 8118267 | 8545894 | 3748783 | 7034174 |
Fund | 59.00% | 1,410Cr | 5312874 | 3136088 | 8368865 | 1823448 |
Enterprise | 5.56% | 133Cr | 74333 | 92604 | 62911 | 63334 |
Angel | 2.02% | 48.3Cr | 37 | 91 | 54 | 87 |
Other Investors | 0.99% | 23.8Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 6.67% | 1.6B | 140156 | 438727 | 433055 | 771603 |
Total | 100% | 2,400Cr | 9114349 | 2306714 | 7869735 | 5862746 |
To unlock detailed Cap Table of BetterPlace Schedule a demoNotes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of BetterPlace's Shareholding
Investments and acquisitions by BetterPlace
Filter this listBetterPlace has not made any investments yet. BetterPlace has made 7 acquisitions. Here is the list of latest three acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
May 08, 2023 | Acquisition | 2019 | Gurgaon, India | |
Mar 29, 2023 | Acquisition | 2017 | Petaling Jaya, Malaysia | |
Feb 06, 2023 | Acquisition | 2019 | Jakarta, Indonesia |
Want to know more about where corporates are investing? Talk to us nowSee all acquisitions by BetterPlace
Reports related to BetterPlace
BetterPlace Recent News
Filter this list•
•
BetterPlace Appoints Deepak Lamba as Enterprise Sales Head for IndiaExpress Computer•Dec 05, 2023•BetterPlace
•
BetterPlace Unveils goBetter — A GenAI-Powered SolutionTo Transform Frontline Workforce ManagementInc42•Oct 09, 2023•BetterPlace
•
Betterplace Unveils Unified Tech Brand goBetter, Commits $35M in R&DStartup Story•Oct 09, 2023•BetterPlace
•
•
BetterPlace to invest nearly $80 mn in next 5 years to expand operationsBusiness Line•Sep 16, 2023•BetterPlace
•
Betterplace Expands Its Presence into GCC Announces Latest Strategic Partnership with AMY TECH DMCCtechrseries.com•Jul 10, 2023•BetterPlace, amysoftech.com
•
BetterPlace Partners with Microsoft to Design Enterprise Solutions, Transforming Frontline Workforce Management across APAC3one4 Capital•Jun 08, 2023•BetterPlace, Microsoft
•
BetterPlace, Asia's Largest Frontline Workforce Management SaaS platform, enters UAE via partnership with EvomatiQPR Newswire•May 31, 2023•EvomatiQ, BetterPlace
•
BetterPlace Forays into Financial Services, Launches BetterPlace Money to make 10mn global frontline workers credit worthySMEStreet.in•May 22, 2023•BetterPlace
Get curated news about company updates, funding rounds, M&A deals and others. Take a demo to know howFrequently asked questions about BetterPlace
When was BetterPlace founded?
BetterPlace was founded in 2015Where is BetterPlace located?
BetterPlace is located in Bengaluru, India.Is BetterPlace a public company?
BetterPlace is not a Public company. Its current company stage is Series CWhen was the latest funding round of BetterPlace?
BetterPlace's latest funding round was on Aug 03, 2023What is the valuation of BetterPlace?
BetterPlace's valuation is $289MWhat is the annual revenue of BetterPlace?
Annual revenue of BetterPlace is $9.79M as on Mar 31, 20231.8M+
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