Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Sep 26, 2019 02:04 PM IST | Source: PTI

Darwinbox raises $15 mn from Sequoia India, others

Darwinbox's cloud based end-to-end Human Resource Management System (HRMS) caters to HR needs across the entire employee lifecycle (hire-to-retire).

Representative Image
Representative Image

Darwinbox, an enterprise HR technology platform, on Thursday said it has raised USD 15 million (about Rs 105 crore) led by Sequoia India. The series B round also saw participation from existing investors, Lightspeed India Partners, Endiya Partners and 3one4 Capital, a statement said.

Darwinbox's cloud based end-to-end Human Resource Management System (HRMS) caters to HR needs across the entire employee lifecycle (hire-to-retire).

"Partnering with marquee investors will accelerate our penetration into the Asian Enterprise market, drive product innovation and maximize value delivered to customers," Darwinbox co-founder Jayant Paleti said.

Close

Darwinbox has over 200 customers with more than five lakh employees spread across 50 countries. Some of their notable customers include Arvind, Adani, Mahindra, Kotak, GVK group companies, Bharti AXA, Dr Reddy's, Bisleri, Nivea, Paytm and Swiggy.

"We will invest heavily in further strengthening our platform, especially our analytical layer with AI and ML capabilities to aid decision making," said Chaitanya Peddi, co-founder of Darwinbox who leads their product development and engineering.

Asia's HR technology market is estimated to be at USD 9 billion.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Sep 26, 2019 01:55 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant