BorderPlus, a platform for cross-border workforce mobility, has raised $7 million in funding, led by Owl Ventures and supported by entrepreneurs like Binny Bansal, Mithun Sacheti, Ritesh Agarwal, Aakash Chaudhary, and Apoorva Patni.
The platform focuses on helping skilled blue-collar workers find international job opportunities, starting with the healthcare sector. BorderPlus provides a comprehensive approach, including language training, visa processing, job placements, and cultural integration.
With the new funding, BorderPlus aims to enhance its platform, expand its reach, and make international workforce mobility smoother and more accessible, ultimately helping workers from India and other countries secure global careers.
What is BorderPlus?
BorderPlus is a cross-border workforce mobility platform designed to help skilled workers, especially in blue-collar sectors, find job opportunities abroad. The platform provides comprehensive support, including language training, visa processing, job placements, cultural integration, and financial assistance. It focuses on sectors like healthcare, starting with nursing professionals, and plans to expand into other industries like hospitality, retail, and construction.
BorderPlus aims to make international career opportunities more accessible for workers from countries like India, helping them find jobs in markets like Germany, the UK, and the US. The platform also supports training and local qualification recognition to prepare workers for global roles.
Why is This Funding Significant?
This funding marks BorderPlus’ first institutional investment round, with $7 million raised from prominent investors like Owl Ventures and entrepreneurs such as Binny Bansal and Ritesh Agarwal. The funding will enable BorderPlus to enhance its platform and expand its offerings, particularly in the healthcare sector, while also helping it grow into other industries like hospitality, retail, and construction.
This investment will help BorderPlus address the growing global demand for skilled workers, especially in blue-collar roles, and streamline international job placements for workers from emerging markets. It supports the company’s mission to unlock cross-border employment opportunities and provide seamless mobility solutions.
How Will the Funds Be Used?
The funds raised by BorderPlus will be allocated in a structured manner, with around 60%-70% of the total amount being used for operational and operating expenses. This includes building the technology team, developing the platform, and establishing networks in both the source (e.g., India) and destination markets (e.g., Germany, the US, and the UK).
The remaining 30% of the funds will be earmarked for potential mergers and acquisitions (M&A), both in source markets like India and in destination markets such as Germany, the UK, and the US. This strategic use of funds aims to strengthen BorderPlus’ capabilities and expand its reach, particularly in the blue- and gray-collar workforce mobility space.
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Founders’ Perspective
BorderPlus was co-founded by Mayank Kumar (also the co-founder of upGrad) and Ayush Mathur (a former senior executive at OYO). In an interview, Mayank Kumar shared his perspective on the platform’s mission and its impact on global workforce mobility. He emphasized the opportunity in the blue- and gray-collar job markets, which have been largely untapped compared to the white-collar sector. He said:
He also discussed the challenges in fine-tuning and finishing the talent before deploying them globally, highlighting the importance of addressing this gap.
Both founders are committed to creating cross-border employment opportunities and improving international mobility for skilled workers.
Key Takeaways
- Successful Fundraising: BorderPlus raised $7 million in its first institutional funding round, led by Owl Ventures, with participation from prominent entrepreneurs like Binny Bansal and Ritesh Agarwal.
- Focus on Blue- and Gray-Collar Workforce: The platform aims to bridge the gap in global workforce mobility, particularly for skilled blue- and gray-collar workers, starting with the healthcare sector.
- Comprehensive Support: BorderPlus offers end-to-end services for international job placements, including language training, visa processing, cultural integration, job placements, and financial assistance.
- Strategic Use of Funds: About 60%-70% of the funds will be used for operational costs, including technology development and building networks, while 30% is earmarked for potential mergers and acquisitions (M&A).
- Global Expansion Plans: BorderPlus will initially focus on healthcare job placements in markets like Germany, with plans to expand into other sectors such as hospitality, retail, and construction, as well as additional geographies.
Conclusion:
BorderPlus is poised for significant growth with its $7 million funding, enabling the platform to strengthen its technology, expand its services, and reach more global markets. By focusing on skilled blue- and gray-collar workers, particularly in healthcare, the platform is addressing a critical gap in workforce mobility.
The founders’ vision of unlocking cross-border job opportunities will continue to drive the company’s expansion into other sectors and geographies. With its comprehensive support system and strategic investments, BorderPlus aims to make international employment more accessible, providing workers from countries like India with valuable global career prospects and driving economic growth.
Your Global Career Awaits – Let BorderPlus Make It Happen!
