That gives us five times growth from a valuation point of view, he said.Founded in 2015, BetterPlace claims to have clocked a five times growth in the financial year 2022 on a year-over-year basis and expects to close the current fiscal with annual recurring revenue of over USD 100 million.Agarwala said that the company will use part of the fund to expand business in Indonesia and Malaysia to start with and then foray into the MENA Middle East and North Africa region.We will launch operations in Indonesia by mid-January, and Malaysia by February end.