# BetterPlace Safety Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/betterplace-safety-solutions-private

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.betterplace.co.in
- Total disclosed funding: $81M
- Latest round: Series C (Dec 20, 2022)
- Investors on record: 14

## About

BetterPlace Safety Solutions Private Limited is an Indian company specializing in human capital management solutions, providing a robust SaaS platform for workforce management across various sectors.Established in 2015 and headquartered in Bangalore, India, BetterPlace Safety Solutions is focused on managing frontline workforce operations. The company has completed a total of 10 funding deals, with the latest being a Series C round in December 2022, raising INR 3.4 billion from investors including Composite Capital Partners and Macquarie Capital. The founding team includes Pravin Agarwala, Saurabh Tandon, and Uday Singh, with Pravin Agarwala currently serving as CEO. The company has grown significantly since its inception, achieving a current valuation of INR 41.32 billion.BetterPlace offers a comprehensive human capital SaaS platform designed to manage the entire lifecycle of frontline workforce management. Its core product suite includes solutions for hiring, onboarding, background verification, payroll processing, and employee upskilling, all integrated into a unified platform. This technology-driven approach enables businesses to efficiently leverage part-time and gig workers while providing essential services like vendor management, insurance, and credit access. BetterPlace serves enterprises primarily across the Asia-Pacific region, India, and the Gulf Cooperation Council (GCC), with notable clients including Swiggy and Zepto, enhancing their workforce management and operational efficiency.In the most recent year, BetterPlace reported a revenue of INR 8,564,923 with an EBITDA of INR -15,618,462.3. The company generates revenue through a subscription-based model, providing its suite of HRMS solutions to businesses requiring effective workforce management, structured as B2B partnerships. Clients typically engage in annual contracts that encompass multiple service offerings, facilitating streamlined operations and compliance. The platform has managed over USD 1.5 billion in employee payroll and overseen 20 million background verifications, highlighting the extensive financial activities tied to its core services.Following its Series C funding round in December 2022, BetterPlace aims to utilize the INR 3.4 billion raised to accelerate its business growth, enhance its technology, and expand its product offerings. The company is focused on launching new products in the near future and is actively exploring expansion into additional markets, particularly in the Asia-Pacific and GCC regions, to capitalize on growing demand for workforce management solutions. These initiatives are aligned with the company's strategy to strengthen its market position and drive future revenue growth.

## Funding rounds

- Series C, Dec 20, 2022, $41M — British International Investment, Jungle Ventures, Macquarie Group, Composite Capital Partners
- Series C, Sep 22, 2021, $24M — British International Investment, CX Partners, Jungle Ventures, Capria Venture Advisors, Capria Ventures, Potential VC, 3one4Capital Advisors, Emerge Capital, Catnip Pvt Ltd., Pivot Ventures
- Series B, Oct 28, 2020, $9.9M — Jungle Ventures, Capria Ventures, 3one4Capital Advisors, General Catalyst India
- Series A, Dec 6, 2018, $3M — Capria Ventures, VH Capital
- Series A, Feb 16, 2018, $2.5M — Capria Ventures, 3one4Capital Advisors, General Catalyst India

## Investors

- Capria Ventures (https://capitalatlas.ai/funds/capria-ventures) — Series A, Series B, Series C
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Series A, Series B, Series C
- General Catalyst India (https://capitalatlas.ai/funds/general-catalyst-india) — Series A, Series B
- VH Capital — Series A
- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Series B, Series C
- British International Investment — Series C
- CX Partners (https://capitalatlas.ai/funds/cx-partners) — Series C
- Capria Venture Advisors — Series C
- Potential VC (https://capitalatlas.ai/funds/potential-vc) — Series C
- Emerge Capital — Series C
- Catnip Pvt Ltd. — Series C
- Pivot Ventures (https://capitalatlas.ai/funds/pivot-ventures) — Series C
- Macquarie Group (https://capitalatlas.ai/funds/macquarie-group) — Series C
- Composite Capital Partners — Series C