BetterPlace Safety Solutions Pvt. Ltd, a platform for blue-collar workforce management, on Wednesday said it has acquired the no-code workflow builder platform, ezeDox.
Through this acquisition, BetterPlace aims to consolidate its position as a full-stack tech player in the Indian frontline workforce management space that is pegged at $80 billion, the statement noted without disclosing the financial details of the transaction.
With the acquisition of ezeDox, BetterPlace's integrated solution stack is strengthened further to manage the entire lifecycle of the workforce, said Pravin Agarwala, co-founder & chief executive officer at BetterPlace.
This is BetterPlace's second acquisition in less than a fortnight and its fifth so far. The company acquired OkayGo late last month, and Oust Labs, Aasaanjobs and Waah Jobs last year.
ezeDox, operated by MServ Technologies Pvt. Ltd, raised seed funding in 2018 from Incubate Fund and Bhaghirathi Connected and Shares Mobiliity India Pvt. Ltd, according to VCCEdge, the data and intelligence platform of VCCircle. The latest statement noted that ezeDox was last valued at $2 million in its seed stage round.
Veerendra Mishra and Vaibhav Jain, founders, ezeDox, said that it’s a no-code workflow builder platform that helps enterprises to improve cost-effectiveness through self and assisted on-boarding and custom distribution workflows.
BetterPlace was founded in 2015 by Agarwala and Uday Singh. Its software-as-a-service (SaaS) platform helps companies to manage the entire lifecycle of their blue-collar workforce by providing them with services such as hiring, background verification and digital onboarding of the worker.
It also offers training, attendance management, payroll services and compliance services.
In September last year, BetterPlace raised $24 million in its Series C funding round. The investment round was led by returning investors Jungle Ventures and CX Partners.
