Dafizeck Bin Daud · · 1 min readHR tech platform Darwinbox bags $15m from Sequoia India, others
India-based HR tech platform Darwinbox has secured US$15 million in series B investment in a deal led by Sequoia India, with participation from existing investors Lightspeed India Partners, Endiya Partners, and 3one4 Capital.
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Darwinbox’s cloud-based platform caters to HR needs across the entire employee lifecycle.
“Our mission from day one has been to build a human capital management system that puts employees squarely at the center and enables [organizations] to engage, empower, and elevate the potential of their workforce,” said Darwinbox co-founder Jayant Paleti in a statement.
According to him, partnering with these investors will accelerate the firm’s reach in the “Asian enterprise market,” drive product innovation, and maximize the value it delivers to its customers. Darwinbox’s fresh fundraise brings its total disclosed funding to US$19 million, after it raised a US$4 million series A round in 2017.
See also: India’s Sequoia-backed HR software startup explains why it’s expanding to Southeast Asia
Founded in 2015, the firm claims to serve over 200 enterprise customers and has more than 500,000 employees spread across 50 countries worldwide.
Other HR tech startups that have recently received funding are Singapore-based firms StaffAny, which raised US$722,000 in seed funding in August this year, and Swingvy, which bagged US$7 million in a series A round in April.
Editing by Jaclyn Teng
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