Indian blue-collar lifecycle management startup BetterPlace on Monday announced it has acquired US-based Oust Labs, a micro-learning software-as-service (SaaS) platform, in an all-cash deal. We would like to let people know that Oust had its beginnings in Belagavi in 2015-16 and ran its operations from here till 2018. They moved to Bangalore to be closer to their clients and provide better service.
Shrikant Latkar (center), the Founder and CEO of Oust, Prabhakar Kulkarni (left), Co-founder, and Surendra Dixit (right) who headed the Belagavi operations hail from Belagavi and had their engineering education in GIT.
The multi-lingual authoring tool of Oust Labs allows enterprises to create their own custom content in more than 35 languages. In 2021 alone, the Oust platform has been used to skill over 1 million users across India and South East Asia, and aims to upskill 20 million users in the next 24 months.
“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,” said Shrikant Latkar, Founder and CEO, Oust Labs.
“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 1,000+ of our enterprise customers and their massive distributed workforce,” said Pravin Agarwal, CEO, Co-Founder, BetterPlace.
With this acquisition, BetterPlace said it will enhance its end-to-end workforce management offerings to enterprise businesses. As per recent market research, only 3 percent of the blue-collar working population is formally educated and the rest learn on the job. BetterPlace customers are present across blue-collar heavy industries such as private security, logistics, facility management, IT/ITES, on-demand services, retail, construction and more. To date, Betterplace has helped empower over 81 lakh people and aims to bring 15 crore workers into the formal economy.