Blue collar workforce management startup Betterplace is raising $12 Mn (INR 96 Cr) from its existing investor Singapore-based Jungle Ventures.
The startup late last month in an extraordinary general meeting passed a resolution to raise $12 Mn through allotting convertible notes in two tranches. As per the regulatory filing, the startup intends to utilise the fresh capital infusion for expansion and meeting general corporate purpose.
A cloud-based no-code business process
The new development has come two months after Betterplace announced acquisition of EzeDox– a cloud-based no-code business process automation platform– for an undisclosed amount.
The fresh capital raise has come almost a year after Betterplace had raised $24 Mn in its Series C round. Inc42 had then exclusively reported the startup’s raising the funding from CX Partners, Jungle Partners, CDC Group, Capria Ventures, 3one4 Capital, along with Unitus Ventures.
