Better-Place raises over Rs 6.6 crore from Unitus Seed Fund

HYDERABAD: Bengaluru-based safety solutions provider Better-Place has secured close to Rs 6.6 crore (about $1million) from Unitus Seed Fund for its expansion plans, a top executive of the company said.

Cofounded by chief executive officer of SIS Group, Uday Singh, and former global head of cloud ERP at SAP, Pravin Agarwala, BetterPlace carries out background verification for new hires, with a focus on the blue-collar workers in the logistics and hyperlocal services space.

“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,” said Pravin Agarwala, cofounder of BetterPlace. He said the current round will be utilised for developing analytics as a layer on the data as well as geographical expansion of the company to cities to track antecedents