Multiplier announced they have raised a Series A of USD 13.2Mn backed by Sequoia Capital India and investor advisors Deepinder Goyal (co-founder, Zomato) and Amrish Rau (CEO, Pine Labs). It comes just four months after they raised a $4M seed round from Sequoia Capital India’s Surge, Golden Gate Ventures, MS & AD Ventures, Picus Capital.
“With so much capability built within a short span, this funding is a testament to our efforts and existing market opportunity. The funds raised will be used to fortify our platform with integrations and expand our presence to the rest of the global markets, expand payroll and benefits solutions for businesses to focus on hiring great talent from across the globe in the most compliant manner.” said co-founder and CEO Sagar Khatri.
Multiplier helps enterprises onboard, employ and pay international talent compliantly. The global employment platform solves the challenges of compliance of hiring and paying talent, no matter where they are, without having to worry about legal or financial complexities, resulting in a truly global workforce.
According to Multiplier, within three months of the seed fund, they have expanded their presence in 150+ countries across the globe, doubled the customer base, and increased revenue by 3x.
Announcement: Multiplier Raises $13.2M to Simplify Global Employment