BetterPlace, the technology platform for blue and grey collar workforce management, has announced the acquisition of Oust Labs – a micro-learning SaaS platform tailor made for upskilling and training distributed workforces in an all-cash deal.
This development comes just 3 weeks after BetterPlace’s recent Series C fundraise of $24 million which saw participation from multiple investors like CX Partners, Jungle Ventures, CDC Group, Capria Ventures, 3One4 Capital among others.
Headquartered in Cupertino, California, Oust Labs is a pioneer in micro-learning platforms, having built a proprietary methodology of delivering learning outcomes through its mobile-first gamified application. The multilingual authoring tool of Oust Labs allows enterprises to create their own custom content in 35+ languages, ensuring better internalization and engagement for their distributed workforce. In 2021 alone, the Oust platform has been used to skill over 1 million users across India & South East Asia and aims to upskill 20 million users in the next 24 months.
Pravin Agarwala, CEO, Co-Founder, BetterPlace, said in a release: ”Upskilling & engaging with the workforce is key to every organisation’s productivity and customer experience. We are thrilled to welcome Oust as part of the BetterPlace family and help organisations and employees achieve efficiency and excellence. We will make it available to 1000+ of our enterprise customers and their massive distributed workforce.”
As per market research only 3% of the blue-collar working population is formally educated and the rest learn on the job. There is a clear need to train & upskill millions of workers for meeting their aspirations, building a career path with eventual realization into higher earnings.
Shrikant Latkar, Founder and CEO, Oust Labs, said, “Over the last 5+ years, we have built a world class platform that is used by some of the largest distributed workforce companies in India and SE Asia. Our vision at Oust has always been to help every worker thrive in the new economy. We are super excited to be part of the larger family of BetterPlace, as this enables our vision of skilling 10 million people every year a reality.