Darwinbox, Hyderabad, India-based operates a cloud-based human resource management platform, an eponymous platform that manages the entire “hiring to retiring” cycle needs of employees, raised $72 million in Series D funding.
The round was led by Technology Crossover Ventures (TCV), Existing investors, including Lightspeed Venture Partners, Sequoia Capital India, Salesforce Ventures, 3One4 Capital, and SCB 10X also participated in the round, which pushes Darwinbox’s all-time raise to over $110 million and values it at over $1 billion.
Darwinbox plans to deploy the fresh funds to expand its team and further fuel its global expansion plans. It is also aiming to broaden its product offerings to add a number of ancillary services and solutions that enterprises can plug and play into their HR tech ecosystem.
Company: Darwinbox Digital Solutions Pvt. Ltd.
Raised: $72.0M
Round: Series D
Funding Month: January 2022
Lead Investors: Technology Crossover Ventures (TCV)
Additional Investors: Lightspeed Venture Partners, Sequoia Capital India, Salesforce Ventures, 3One4 Capital, and SCB 10X
Company Website: https://darwinbox.com/
Software Category: Human resources management software
About the Company: Founded in 2015 with a vision to transform the interaction between the workforce and technology, Darwinbox is a leading provider of cloud-based Human Resources Management Software (HRMS). With a new-age enterprise-focused HR Technology suite, Darwinbox engages and empowers employees across the entire lifecycle (hire-to-retire) with a smarter, simpler & mobile-first HR Tech experience powered by AI and Machine Learning Recognized as one of the most preferred HCM platforms in APAC by Gartner, more than 500+ global enterprises and unicorns such as Arvind, Dr. Reddys, Kotak, Mahindra, Paytm, Swiggy, and Myntra have digitized their HR with Darwinbox. Powered by AI and ML features such as an HR Voicebot, Advanced Talent Analytics, Candidate Shortlisting, OCR-based expense scans, etc.
Source: https://techcrunch.com/2022/01/24/darwinbox-hr-tech-gartner-tcv-unicorn/