The firm, which helps companies employ and pay talent anywhere in the world, will use the funds to expand its global infrastructure and add new capabilities, and for hiring.
The round also saw participation from DST Global Partners, the company said in a release. The latest investment brings Multiplier’s total funding to $77.2 million, and its valuation to $400 million.
The new round comes three months after the company raised funds led by Sequoia Capital India.
Founded in 2020 by Sagar Khatri, Amritpal Singh and Vamsi Krishna, Multiplier helps companies tap global talent pools. Its clients can manage global payroll, provide benefits, insurance and tackle compliance starting at $300 per employee per month and $40 per freelancer per month.
“Country borders shouldn’t hinder the search for the right people for the right roles. We are resetting the mantra that hiring people from abroad is costly, time-consuming, and daunting,” said Sagar Khatri, CEO of Multiplier.
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“The team will also roll out the crypto-payroll features so businesses can pay their freelancers in cryptocurrencies,” the company said in a statement.
“Today, founders and businesses are not constrained by borders in their thinking. This has been one of the most fascinating trends in the last couple of years and it’s a fundamental shift. Several founders across Asia are building for the world from day one and hiring from around the world from day one,” said Rohit Agarwal, principal, Sequoia India.
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