28 October 2021
India-based talent platform BetterPlace announced the acquisition of OLXPeople and WaahJobs.
BetterPlace, which describes itself as a blue-collar workforce-management solutions platform, says the acquisition will allow it to strengthen its portfolio of workforce management solutions and become ‘one of the largest providers of solutions in the blue and grey collar gig staffing ecosystem.’
Financial details of the transaction were not disclosed.
OLXPeople is an India-based staffing firm which offers services in permanent recruitment and temporary staffing. It also offers payroll management services.
WaahJobs is a job board based in India which focuses on blue and grey collar workers.
According to BetterPlace, the new joint entity will use proprietary technology that will empower organisations to manage the complete lifecycle of their blue-collar workforce from a single platform that includes hassle-free hiring of new employees, temporary workforce expansion, and managing large worker setups across its clients.
Blue and grey collar users on the integrated platform will be able to receive a spectrum of services which includes salary credit updates, benefits summary, access to financial services, medical advice and can also upskill themselves through various vernacular training modules.
Pravin Agarwala, CEO, Co-Founder, BetterPlace, said, “The blue-collar ecosystem is undergoing massive digital transformation, and the ongoing pandemic has accelerated this adoption. We are onboarding more than 200,000 people digitally every month and aim to serve 2,000 enterprises and over 3 million workforces by the end of this financial year. By joining forces with OLX People, we will strengthen our portfolio of end-to-end workforce management services and build an employment exchange that can offer employers truly digital and flexible staffing solutions.”
Tarun Sinha, CEO of OLX People & Waah Jobs, said, “The blue-collar workforce mission is one of the most important challenges India faces. I am extremely proud that the 400+ OLX People & Waah Jobs team now joins a broader family of believers in technology as the key to improve the daily lives of millions of workers across India. Over the last few years, we have been able to build scalable employee management solutions for some of the country’s leading employers. Together with BetterPlace, we will continue to improve the service for more than 2000 enterprises and help them hire and manage their workforce.”
BetterPlace recently raised $24 million in Series-C funding led by multiple investors including CX Partners, Jungle Ventures, CDC Group, Capria Ventures, among others.