BetterPlace, an India-based workforce administration platform, has expanded into Southeast Asia by buying a majority stake in Indonesia’s blue-collar workforce fulfilment firm MyRobin.
The transaction particulars stay undisclosed.
As per an announcement, this deal is a part of a sequence of investments being made by BetterPlace to increase into Southeast Asia. Quickly, it plans to increase into Malaysia, Thailand, and the Philippines by natural and inorganic methods.
“Pushed by the imaginative and prescient to optimise frontline workforce administration for enterprises, a mixture of consolidation and innovation was the best strategy to go about constructing the world’s most complete workforce administration platform that exists in the present day. With our know-how and MyRobin’s experience in working in Indonesia, we might introduce equitable alternatives for the frontline phase,” stated Pravin Agarwala, Co-founder and Group CEO at BetterPlace.
Based in 2015, Bengaluru-based BetterPlace offers a SaaS and frontline workforce administration platform. It caters to your complete worth chain of workforce administration — from verification, discovery, hiring, and onboarding to upskilling, productiveness administration and advantages switch.
Additionally Learn: The right way to scale expertise in Southeast Asia throughout unprecedented instances
BetterPlace’s B2C platform Rocket has partnered with enterprises to upskill frontline employees freed from price.
The corporate claims it has over 30 million employees on the platform and over 1,100 shoppers.
In December 2022, BetterPlace raised US$40 million as a part of its prolonged Collection C spherical from Macquarie Capital, Jungle Ventures, Unitus, BII, Capria, and 3one4 Capital.
Launched in 2020 in Indonesia, MyRobin is a workforce-as-a-service platform that gives enterprises with on-demand, pre-screened, blue-collar employees. It offers an answer for companies with recruitment, documentation, attendance, efficiency, and employees’ funds all processed on the platform. For employees, MyRobin offers an internet job portal, monetary companies, and coaching.
The agency claims it has an outreach to greater than three million employees throughout round 270 cities in Indonesia.
The corporate claims to have recorded a 7x progress in 2022. Its shoppers embrace Shopee, Astro, Sicepat, E-Fishery, and Kopi Kenangan.
MyRobin is backed by Antler, SOSV, Accion Enterprise Lab, and Investible.
Ardy Satria Hasanuddin, Co-founder and CTO at MyRobin, stated: “As the following chapter of our progress, we want to take our imaginative and prescient and experience to extra geographies, and BetterPlace is the proper associate who will allow us to attain this purpose.”
Southeast Asia has near 200 million frontline workforce administration and a market dimension of US$280 billion.
Fundraising or making ready your startup for fundraising? Construct your investor community, search from 400+ SEA traders on e27, and get linked or get insights concerning fundraising. Strive e27 Professional without spending a dime in the present day.
The submit Indian workforce administration agency BetterPlace acquires MyRobin to enter SEA appeared first on e27.
Leave a Reply