Darwinbox, a Hyderabad, India-based AI-powered human capital management (HCM) platform, has secured US$40 million in a funding round.
Investors
The round was led by Teachers’ Venture Growth (TVG), part of the Ontario Teachers’ Pension Plan Board, which invests in late-stage venture and growth equity opportunities in innovative technology companies worldwide. TVG partners with mission-driven founders to expand products, scale globally, and lead their markets, bringing long-term thinking and active investing. With a global presence across Europe, North America, and Asia, Ontario Teachers’ reported net assets of CAD 269.6 billion as of June 30, 2025.
Darwinbox Use of Funds
The company will use the funds to fuel its rapid international growth, particularly in North America, while strengthening its AI capabilities, including innovations such as agentic AI and Model Context Protocol (MCP) integration.
About Darwinbox
Founded in 2015, Darwinbox is a global HR tech company that empowers enterprises to better manage their talent through modern employee experiences and AI-driven technology. Its cloud-based Human Capital Management (HCM) software supports organizations across the entire employee lifecycle. Darwinbox serves over 4 million employees across more than 1,000 enterprises in 130 countries. Headquartered in Hyderabad, India, with a footprint in the US, Southeast Asia, and MENA, Darwinbox enterprise clients include EXL, Virtusa, Orion Innovation, Ephicacy, Apollo.io, Nivea, WeWork, Zara, Starbucks, and Adidas.
Funding Details
Company: Darwinbox Digital Solutions Pvt. Ltd.
Raised: US$40.0M
Round: Unknown
Funding Date: August 2025
Lead Investor: Teachers’ Venture Growth
Additional Investors:
Company Website: https://darwinbox.com/
Software Category: HR/ Human Capital Management (HCM) / HR Management / SaaS
Source: https://www.businesswire.com/news/home/20250814584280/en/