Darwinbox, a human resources technology platform, has raised $72 million in a Series D round led by Technology Crossover Ventures (TCV), with participation from existing investors Salesforce Ventures, Sequoia India, Lightspeed India, Endiya Partners, 3One4Capital, JGDEV, and SCB 10X.
DarwinBox received $15 million in a round led by Salesforce Ventures, the investment arm of the global customer relationship management giant Salesforce, a year ago.
According to Darwinbox, the company’s valuation after this round will exceed $1 billion, bringing the total investment raised by the company to more than $110 million.
The new funding will be used to accelerate its platform innovation agenda, strengthen its product, engineering, and customer success teams along with scaling its presence in South Asia, SEA, and MENA, said Darwinbox in a release. The company further added that it is expecting the overall team to grow by 100% and is also setting up to launch in the US in 2022.
Founded in 2015 by Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni, Darwinbox is a cloud-based integrated HR technology product that takes care of all HR needs such as recruitment, payroll, employee engagement, talent management and people analytics across the employee life cycle.
Get to know the pulses of the Indian startup ecosystem in reality by attending “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Delhi Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.
The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
The Platform helps startups to ramp up their innovative ideas and show off their services and products to attract investors. The experts of the industry will address and discuss all the innovations happening around the startup environment that youth empowerment and new-age tech business ideas can grow.
Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php
