Pluxee has agreed to acquire 100% of ProEves, the leading corporate childcare benefit provider in India, to enhance its offerings in a rapidly growing market.

Information on the Target

Pluxee has signed an agreement to acquire 100% of ProEves, a pioneering corporate childcare benefit provider in India. Established in 2017, ProEves is designed specifically to meet the preschool and daycare needs of working parents, offering a comprehensive digital platform that connects them with suitable childcare services. ProEves currently collaborates with over 100 companies and has built partnerships with more than 7,000 childcare centers across India, supporting a significant number of working parents in their childcare decisions.

As the first dedicated childcare benefit player in India, ProEves stands out in a growing market by providing organizations with the tools to enhance employee benefits, promote gender equality, and enable compliance with childcare benefit regulations. This strategic acquisition aligns with Pluxee's vision of delivering comprehensive benefit solutions in an increasingly important segment of the employee benefits landscape.

Industry Overview in India

The employee benefits industry in India has been experiencing rapid growth, driven by increasing recognition of the importance of work-life balance and employee well-being. Corporate interest in childcare benefits is surging, as