The Ledger
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BetterPlace runs its day-to-day operations profitably without burning cash
“So in principle, we are always we don't burn much money the burn that we do is only coming in our investment, not for running the business, right? Running the business we run in profitability, right?”
BetterPlace is India's largest onboarding and background verification provider
“Today we are the largest in the country when it comes to onboarding and background verification.”
Blue-collar workforce attrition ranges from 100% to 300%
“Attrition can go from hundred percent to 300% depending on the segments and the season and so on, right?”
Indian enterprises spend roughly $30 billion annually on blue-collar workforces
“So now you look at 15 crore people. And if you do 20,000 rupees per person, that's roughly thirty billion dollar of spend that is happening.”
BetterPlace is currently growing revenue at over 100% year-on-year
“We are growing more than a hundred percent year on year Siddharth right now.”