India’s HR Tech Darwinbox Raises $15M To Enhance The Business In Asia

by StartupWorld Staff         

Cloud-based human resource management platform, Darwinbox acquired $15 million in a new financing round. The unparalleled service in human resource management has been part of more than 200 platforms in India.

The top customers among include InMobi, PayTM, Bisleri, Mahindra, Swiggy, and many more.

The latest fundraising in the B Series financing will help Darwinbox to expand its services to more Asian markets.

The round led by Sequoia India and included existing investors Lightspeed India Partners, Endiya Partners, and 3one4 Capital. Closing this round, the firm’s total fund hits $19.7 million. 

Darwinbox is all set to compete with the top players in the industry, mainly SAP and Oracle. The team is pretty confident about the convenience and comprehensiveness of its services.

India’s HR Tech Darwinbox Raises $15M To Enhance The Business In Asia

All employees now give priorities to consumer-focused services. Even Uber and Amazon are left disappointed in their experience with their own firm’s HR offerings says Gowthami Kanumuru, VP Marketing at Darwinbox. 

Darwinbox becomes the favorite HR management with its consumer-based features in HR management. It allows employees to offer insurance and loans.

Building a social networking site for employees to engage in another significant feature of the service. The application of AI for various services also makes the platform exceptional. 

Stepped into Southeast Asia last year, Darwinbox expects to expand its presence all over Asia.

Bringing a new human resource strategy has a strong theory behind. As many Asian companies follow western methodology, it cannot bring better results. “Western companies’ solutions are not a great fit for people here,” says Kanumuru.

Within a small time span, the company grew at a fast pace, and many big giants had been attracted to its services. Currently, over 23,000 employees use the platform.

The startup will spend the fresh capital to grow its presence in Indonesia, Malaysia, Thailand, and other Southeast Asian markets.


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