Mumbai-based workforce mobility startup, BorderPlus, has raised USD 7 million (~INR 60 crore) in its maiden institutional funding round. The investment was led by Owl Ventures, with participation from Binny Bansal (Flipkart founder), Mithun Sacheti (CaratLane founder), Ritesh Agarwal (Oyo founder), Aakash Chaudhary, and Apoorva Patni (Patni Group, Currae Healthcare Director).
Funding to Boost Global Workforce Mobility
The fresh capital will be utilized to enhance BorderPlus’ platform capabilities, strengthen partnerships, and expand its reach through mergers and acquisitions (M&As). Founded in January 2025 by Mayank Kumar (co-founder of upGrad) and Ayush Mathur (former senior leader at Oyo), BorderPlus aims to bridge the global workforce gap by enabling the cross-border movement of skilled professionals.
The startup focuses on healthcare professionals and nurses, providing them with end-to-end support, including:
- Finishing school training
- Language learning
- Visa processing
- Employment opportunities
- Cultural integration
- Local qualification recognition
- Financing
- Talent leasing
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Addressing the Global Shortage of Healthcare Workers
Mayank Kumar highlighted the pressing need for a cross-border workforce mobility platform, stating that there is a global shortage of nearly three million healthcare workers. He emphasized that the demand for skilled professionals is increasing due to aging populations, with countries such as Germany, the US, UK, Canada, Northern and Southern Europe, the Middle East, Japan, and Korea looking to India, the Philippines, Brazil, and Africa to fill the gap.
To address this, BorderPlus has already begun training its first batch of nurses, with the program lasting seven to nine months. The company aims to deploy 250 nurses by the end of 2025 and scale up operations over the next few years.
Revenue Model and Future Plans
Unlike traditional models, BorderPlus follows a B2B approach, charging recruiters instead of workers. The company aims to generate INR 100 crore in revenue by FY27. While its immediate focus is the healthcare sector in Germany, it plans to expand into other industries, including hospitality, teaching, construction, logistics, trucking, and retail.
Kumar mentioned that the startup’s training program, initially priced at INR 2 lakh, will be fully reimbursed as a scholarship or relocation assistance once candidates reach Germany, making it an attractive option for aspiring workers.
Investor Confidence in BorderPlus’ Vision
Amit A. Patel, Managing Director at Owl Ventures, expressed confidence in BorderPlus’ potential, stating, “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 solves a critical need.” He also highlighted the technology-driven model of BorderPlus, which ensures seamless international mobility for workers.
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Conclusion
With a strong investor lineup and a clear growth trajectory, BorderPlus is well-positioned to become a leading workforce mobility platform. By leveraging technology and strategic partnerships, it aims to unlock global employment opportunities for skilled professionals, starting with healthcare workers and expanding into multiple industries worldwide. The USD 7 million funding will be instrumental in scaling operations, improving platform features, and facilitating seamless global workforce integration.