Venture Highway invests in BetterPlace Safety Solutions

Venture Highway has invested in BetterPlace Safety Solutions, a Bangalore-based digital trust solution provider aiming to create “A Better Place For A Billion+ Indian Citizens”.

Founded in 2015, BetterPlace has created India’s first web service that addresses the ‘trust deficit’ in any form of alliance or interaction between individuals and entities. With an emphasis on building digital data to address the trust deficit, BetterPlace hopes to play its part in the movement of millions of Indians from informal and semi- formal segments of the economy to one where the digital trust profile enables individuals to access services such as credit, health, and insurance.

Commenting on the progress made by BetterPlace, Pravin Agarwala, CEO and founder said, “India is at a very interesting crossroad where we are seeing massive migration across states, growth of the services sector to a point where it today employs more people than any other segment along with increased smartphone penetration thereby enabling the possibility of large-scale digitization. These trends enable us to continue to build trust profiles on top of the Aadhaar platform”.

“We have been on the lookout for large opportunities that are scalable and impact the masses but do so in a financially prudent manner. After evaluating BetterPlace, we are deeply impressed with the core team, their strong technology platform, and their vision to leverage the trust profiles. We believe this will bridge a much-needed gap in the safety quotient of the country and are excited to be part of the BetterPlace story,” said Venture Highway founder, Samir Sood.

Since its launch BetterPlace has created 2 lakh+ paid safety profiles of individuals with its aim to hit a million profiles in 2017. It today is helping its diverse client base and markets leaders across private security, facility management, last-mile fulfillment, manpower suppliers and on demand aggregators.