New Delhi, NFAPost: Workforce management Startup BetterPlace announced the acquisition of fintech startup Bueno Finance.
Gurugram-based Bueno Finance is founded by Saurav Gandhi and Sandeep Arora in 2019. The company offers loans to blue-collar workers.
As part of American startup accelerator Y-Combinator’s Winter 2021 batch, the Gurugram-based startup Bueno Finance raised about $3 million in total funding from Goat Capital, JAM Fund, Olive Tree Capital, Good Water Capital, and angel investors like Kunal Shah and Anupam Mittal.
The Bengaluru-based BetterPlace is founded by Pravin Agarwala and Uday Singh in 2015. The company has raised raised about $80 million in total equity from the likes of Macquarie Capital, Site Capital Partners, Jungle Ventures, British International Investment, among others.
Blue-collar workforce management company BetterPlace has been on an acquisition spree since last two years. It has acquired several startups, including OLX People, AasaanJobs, Oust Labs, Waah Jobs, OkayGo, and EzeDox.
This year, the company marked its foray into the South East Asia market with two back-to-back acquisitions that include, Indonesia-based company MyRobin and Malaysia-based flexi talent solutions technology player Troopers.
