BetterPlace, India’s most prominent technology platform delivering digital solutions for blue-collar workforce management throughout the entire value chain, has announced its acquisition of Troopers, a Malaysia-based part-time staffing and recruitment services firm.
The Troopers’ acquisition is estimated to be worth between US$15 million and US$20 million. However, according to a report, the deal is subject to regulatory approvals.
Founded by Joshua Tan and Kevin Lee in 2017, Troopers is a job matching and talent solutions platform for flexible work. The company aims to reimagine how flexible work is transacted by building a legitimate, transparent and accountable centralised ecosystem for hiring managers and job seekers. The platform strives to ensure job seekers are paid on time, provided with clear job deliverables & expectations as well as providing them with an all-in-one flexible job app that manages their attendance, earnings, performance, and career progress as well as a wide range of added benefits to enhance their work experience.
Troopers’s vision is to empower hiring managers with an end-to-end flexible workforce solution as well as job seekers with a singular integrated platform that enables them to consistently get access to jobs by ensuring legitimate job descriptions and requirements, transparent payment terms, and building accountability through a robust ratings and performance review system.
The latest deal comes a month after BetterPlace acquired a majority stake in MyRobin, an Indonesia-based job portal, for an undisclosed amount.
BetterPlace, started by Pravin Agarwala and Saurabh Tandon, offers a software-as-a-service (SaaS) platform. It helps its clients handle the entire lifecycle of their blue-collar workforce by providing them with hiring, background verification and digital onboarding services. The platform provides training, attendance management, payroll, and compliance services. The company’s vision is to empower the Indian frontline workforce with access to a better life.
The HRTech startup also plans to expand into Thailand, the Philippines, and Vietnam, but it’s unclear if this would be through further acquisitions. It also has plans to enter the Middle East, Latin America, and Africa, the report further mentioned.
BetterPlace has made a couple of acquisitions in the past, including work management platform OkayGo, ezeDox, and OLX People, micro-learning platform Oust Labs, and beauty-tech startup Fabulys. The company has raised $80 million in Series A, B, and C rounds. It last raised $40 million as a part of its extended Series C round in December 2022 from Macquarie Capital, Jungle Ventures, Unitus Ventures, British International Investment, Capria Ventures, and 3one4 Capital.