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Indian HR tech firm Darwinbox secures $140m in funding

Hyderabad-based HR tech startup Darwinbox has secured US$140 million in a funding round co-led by Partners Group and KKR.

The funding will facilitate Darwinbox’s international expansion and enhance its technology platform.

The startup reports that 60% of its business now originates from global markets, with international revenue increasing fivefold in recent years.

Founded in 2015, Darwinbox offers a cloud-based HR management platform that includes recruitment, payroll, performance management, and employee engagement features.

Its clients include companies such as Starbucks, Nivea, AXA, and WeWork.

Recent DarwinBox developments

Timeline
14-Jun-2023 🚀 Philippine VC raises $12m to back SEA startups from the ground up
  • Kaya Founders raises US$12M for new funds
  • Focus on tech startups in Southeast Asia
17-Jan-2023 🤝 India-based Darwinbox inks strategic investment deal with Microsoft
  • Darwinbox partners with Microsoft to enhance HR tech
  • Microsoft invests in Darwinbox, boosting its cloud platform
25-Jan-2022 📈 Salesforce-backed HR tech turns 🦄 with $72m fundraise
  • Darwinbox raises $72M, valued over $1B
  • Plans expansion, hiring 200 in Southeast Asia and India
19-Jan-2021 🚀 Salesforce’s venture arm leads $15m round for Indian HR tech firm Darwinbox
  • Darwinbox raises US$15M led by Salesforce Ventures
  • Plans Southeast Asia expansion, serves 500+ global firms
26-Sep-2019 🚀 India’s Sequoia-backed HR software startup explains why it’s expanding to Southeast Asia

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