Talent Mobility Startup BorderPlus Raises $7 Mn Led By Owl Ventures

BorderPlus, a startup that helps with cross-border workforce mobility and co-founded by Mayank Kumar, the co-founder of Upgrad, has raised $7 million in its maiden institutional funding round led by the edtech venture capital fund Owl Ventures.

The round also saw participation from notable people like Flipkart founder Binny Bansal, CaratLane founder Mithun Sacheti, Oyo founder Ritesh Agarwal and Apoorva Patni from the Patni Group, who is also the director of Currae Healthcare.

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On October 16 last year, Kumar stepped down from his executive role at Upgrad to start a new venture focused on placing skilled Indian workers abroad, starting with healthcare professionals and nurses. He co-founded the startup with Ayush Mathur, the former president of Europe at Oyo.

The startup plans to use the funds to improve its platform, build stronger partnerships, and expand its reach through mergers and acquisitions (M&As).

Mayank Kumar, co-founder of BorderPlus, said, “The overall ecosystem has a gap of about three million healthcare workers globally. There's a massive shortage of high-quality healthcare workers…The number of people entering the workforce is less than the number retiring, so you are not getting replacements. As a result, the demand for healthcare workers is largely being fulfilled by India, the Philippines, Brazil and parts of Africa."

“We will have multiple batches, and we are aiming to achieve about Rs 100 crore in revenue by FY27. We don't want to build a B2C franchise. It's more of a B2B and B2B enterprise-driven business. We're flipping the model by charging the recruiter rather than the nurse,” he added.

Amit A. Patel, managing director at Owl Ventures, said, “The global workforce landscape is evolving, especially with demographic trends such as aging populations. The tiered skilling and mobility approach that BorderPlus brings to the table, is solving for a critical need.”

About BorderPlus

BorderPlus, based in Mumbai and focused on blue-collar workers, provides full support, including finishing school training, language lessons, visa processing, job opportunities, cultural integration, local qualification recognition, financing and talent leasing.

The startup will recruit from India, Southeast Asia, Brazil, parts of North America, and Africa. While it is starting in Germany, it plans to target the US, UK, Canada, Northern and Southern Europe, the Middle East, Japan, and Korea. 

The company has already begun training its first group of nurses, with training lasting seven to nine months. It aims to deploy 250 nurses by the end of this year.

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