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Business EconomyPosted at: Jan 19 2021 6:49PM


Darwinbox, Asia’s leading HR technology platform, raises Rs 107 crore funding

Hyderabad, Jan 19 (UNI) Darwinbox, one of Asia’s leading enterprise HR technology platforms, on Tuesday announced the closing of its INR 107 crore funding round led by Salesforce Ventures.
This is one of Salesforce Ventures’ first investments in India.
This follows the company’s Series B round raised in September 2019 led by Sequoia India with participation from existing investors Lightspeed India, Endiya Partners, and 3one4 Capital, bringing the total investment in the company to INR 250 crores, the company said in a release here.
The company revenues have grown by over 300 per cent since the last round of funding.
"India is home to one of the world's youngest population, and by 2050, it is expected to account for over 18 percent of the global working age population," said Arundhati Bhattacharya, Chairperson and CEO, Salesforce India.
"This makes technology platforms like Darwinbox, that focuses on work forces, incredibly important, '' he said.
Founded by Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni - Darwinbox, a cloud-based SaaS HR Technology platform which caters to an organization’s HR needs across the entire employee life cycle including Recruitment, onboarding, Core transactions (Leaves, Attendance, Directory), Payroll, Travel and Expenses, Employee Engagement, Performance Management, Rewards and Recognition and People Analytics. The new-age and innovative platform combines highly configurable workflows with intelligent insights and smart interfaces to help enterprises unleash the true potential of their workforce.
Darwinbox’s HR technology powers more than 500 global enterprises with over 1 million employees spread across 60 countries.
Some of their notable customers, range from Asia’s largest conglomerates to fast-growing technology unicorns including Adani, Mahindra, Kotak, TVS, Ramky, Greenko, Dr. Reddy’s, L&T Metro, NSE, Nivea, Puma, Swiggy, Bigbasket, Delhivery and more.
We have come a long way to now competing on the global platform and promising technology talent and a growing entrepreneurial ecosystem in the city played a major role in our growth and success”, said Chaitanya Peddi, Co-founder, Darwinbox.
We will work with Salesforce closely to maximize value to our customers, continue building out our product stack and accelerate global expansion”, he added.
Darwinbox witnessed a massive surge in adoption during the pandemic and with over 180 implementations done remotely just during the lockdown, and a record high revenue growth, Darwinbox has cemented its place as one of the most preferred HR technology platforms in the APAC region.
The Salesforce partnership will help us learn from the global SaaS leader on best practices across the board to serve our customers better” said Rohit Chennamaneni, Customer Success Director, Darwinbox
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Tags: #Darwinbox# Asia’s leading HR technology platform# raises Rs 107 crore funding
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