Bangalore-based a digital background verification startup, BetterPlace, has raised about $1Mn (INR 6.6 Cr) from Unitus Seed Fund.
BetterPlace was started in 2015 by a former global head at SAP, Pravin Agarwala, and Group CEO of SIS, Uday Singh. The startup carries out background verifications for new hires, with a focus on the blue-collar workers in the logistics and hyperlocal services space.
From verifying the credentials of a potential tenant, hiring a maid, to fulfilling the workforce requirements of large organisations, BetterPlace aims to provide suitable safe living resolutions for all safety concerns through its web-based service and mobile applications.
The startup will utilise the amount for developing analytics as a layer on the data as well as the geographical expansion of the company to cities, to track antecedents.
Pravin Agarwala, co-founder of BetterPlace said, “Our major revenue stream is the on-demand sector which uses our solution for hiring blue-collar workers. Going ahead, there is a larger opportunity in orders for individual checks, finance institutions and others.”
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