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UK-based Perkbox charters into European territory with its first global launch

Written by Varsha Saraogi on Thursday, 18 October 2018. Posted in Global

Cloud-based employee engagement platform Perkbox opens its first office abroad in Paris as the first step of a 12-month European expansion

UK-based Perkbox charters into European territory with its first global launch

British companies are thriving abroad despite the Brexit uncertainties. So it’s hardly surprising businesses may be looking to sail into international waters. The latest firm to have done so is UK-based Perkbox, the employee engagement company, which has just announced plans to venture into Europe, starting in France.

Before the launch of its new office in Paris, the company had already struck deals with 800 SMEs. Going forward, it plans to have 3,000 more registered on the platform by the end of the year as a part of a 12-month European expansion. The firm may be able succeed in this endeavour as Perkbox already boasts having employee benefits from companies like IKEA, Sephora, FNAC, Decathlon and Zalando under its belt. 

The global expansion comes after its success in Blighty. After having grown its revenues by 137% since 2016, which is up eight times since its launch in 2015, London headquartered Perkbox now has a portfolio of companies like Whole Foods, Nando’s, Caffe Nero and Levi Strauss & Co. with more than 250 employees. It has also raised over $14.3m across four different funding rounds, with European VC firm Draper Esprit having splashed out £11m.

Commenting on the expansion Saurav Chopra, co-founder and CEO of Perkbox, said: “Our goal is to foster the entire employee experience of every company’s staff. Our expansion into France shows our ongoing commitment to achieve this. We have listened to our clients’ demands and are now acting upon them. With a new generation of products going live alongside these expansion plans, it’s not only about location but about delivery. We want to ensure we are offering our customers all the support they need to build happier workplaces."

The progress of Perkbox signifies the strength of the UK’s startup community and its global aspirations. And this new global venture is definitely the firm’s pièce de résistance with many more foreign offices in future.

About the Author

Varsha Saraogi

Varsha Saraogi

As feature writer and a recent MA Journalism graduate, Varsha has joined the Elite team to fuel her passion. Along with being immersed in the money making sector and ranting about women’s rights, she will be hunting for news about everything business related. And burying her head in economic magazines. Follow her on twitter at @msvarshasaraogi for her mundane musings.

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