Indian frontline worker management platform BetterPlace acquired a majority stake in the Indonesian online job portal MyRobin for an undisclosed sum.
The acquisition will help the company gain a foothold in Indonesia as
it ramps up its expansion strategy for Southeast Asia. The firm
committed to investing $50M to back its expansion across the region.
- CEO
Pravin Agarwala said, "We plan to expand into other countries like
Malaysia, Singapore, Thailand, the Philippines, Vietnam, South Korea,
and then the entire Asia region before entering the Middle East by
2026."
- BetterPlace roped in former Jungle Ventures managing partner Sandeep Uberoi to help with the expansion strategy.
- To
date, the firm has nabbed $91M in venture funding, the last of which
came in the form of a $40M Series C round led by Jungle Ventures.
- MyRobin's venture backers include SOSV and Antler.
