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DarwinBox bags US$15M funding

Hyderabad: Darwinbox, an India-based enterprise HR tech platform, announced today it has closed a US$15 million funding round led by Salesforce Ventures.

Existing investors Sequoia India and Lightspeed also participated in the round.

As per a press note, the startup plans to utilize the new funds to accelerate its expansion in Southeast Asia by onboarding new partners, improve product innovation and “significantly grow” its team in the region.

Founded in 2015, Darwinbox is a cloud-based SaaS HR tech platform that combines “highly configurable” workflows with “intelligent insights” to help enterprises manage their HR needs across the employee lifecycle.

The firm shared it has witnessed a surge in the adoption of HR tech solutions during the pandemic as employers sought solutions critical for remote working, including features such as touchless attendance and digital onboarding.

“More enterprises are abandoning legacy solutions in favor of our modern, agile platform that helps them stay ahead of change,” said Jayant Paleti, Co-founder, Darwinbox.

“75 percent of the workforce globally will be millennials by 2025. This young workforce wants to be enabled and empowered with the best technology. The most progressive companies understand this,” opined Harshjit Sethi, Principal, Sequoia Capital India.

Source
e27

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