Talent mobility company BorderPlus raises $7 million from Owl, Others
BorderPlus, cofounded by Upgrad's cofounder Mayank Kumar, has raised $7 million in a funding round led by edtech focused venture capital fund Owl Ventures.
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Its maiden institutional funding round also saw participation from investors like Flipkart founder Binny Bansal, CaratLane founder Mithun Sacheti, Oyo founder Ritesh Agarwal, and Patni Group's Apoorva Patni, who is also the director of Currae Healthcare.
ET first reported on October 16 last year that Kumar had stepped down from his executive role at Upgrad to start a new venture aimed at placing skilled Indian labour abroad, starting with healthcare professionals and nurses.
Kumar has cofounded the startup with Ayush Mathur, former president, Europe at hospitality firm Oyo.
The funds will be used for enhancing platform capabilities, strengthening partnerships, and expanding its reach through mergers and acquisitions (M&As).
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