Darwinbox Raises around $5 Million at Valuation over $1 Billion

Darwinbox is the leading provider of cloud-based Human Resources Management Software. The platform engages and empowers employees across the entire lifecycle (hire-to-retire) with smart, simple and mobile-first HR tech experience powered by Artificial Intelligence and Machine Learning.

The HR tech company Darwinbox has raised $4.9 million from the State Bank of India (SBI) in an extended Series D round. This is the Hyderabad-based company’s first fundraising effort in 2023.

Darwinbox, Hyderabad, India, was founded by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni in 2015. In January 2022 the firm became a Unicorn. “Talent is core to the success of any business. Our mission from day one has been to build a human capital management system, that puts employees squarely at the center and enables orgs to engage, empower & elevate the potential of their workforce. This has made us the HR platform of choice for 200+ leading Asian enterprises.” said Jayant Paleti, Co-founder, Darwinbox.  The company claims to serve over 650 organizations and 1.5M employees across 90+ countries including large conglomerates and fast-growing technology like Adani, Kopi Kenangan, MatchMove, Mahindra, Bank BTPN, TVS, Shakey’s, JSW, Bank Danamon, Nivea, Swiggy, Tokopedia, JG Summit Group, NutriAsia, Indorama and others.

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