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Total amount raised
$295M
Latest funding date
2025-08-14
Location
Darwinbox has successfully raised funds through 12 distinct funding rounds, with the latest being a Series D round led by Teachers’ Venture Growth. The company has garnered the support of 19 investors, showcasing strong confidence in its innovative HR platform.
Keep reading to explore the intricacies of Darwinbox's fundraising journey and the investors backing this transformative platform.
Darwinbox has raised over $286 million across multiple funding rounds, backed by prominent investors including Teachers' Venture Growth (TVG), Partners Group, KKR, TCV, Salesforce Ventures, Microsoft, Peak XV Partners, and Lightspeed India.
Keep reading to explore Darwinbox's full fundraising journey, from its 2016 seed round to its most recent 2025 investment.
What Is Darwinbox?
Darwinbox is an AI-powered Human Capital Management (HCM) platform founded in 2015 and headquartered in Hyderabad, India. The platform enables enterprises to automate the entire employee lifecycle — from recruitment and onboarding to payroll, performance management, and exit — in a single end-to-end HR suite. Darwinbox serves over 800 enterprise clients across Asia and is expanding aggressively into North America. It achieved unicorn status in January 2022 following its $72 million Series D round led by TCV.
How Much Funding Has Darwinbox Raised?
- Seed Round
- Amount Raised: ~USD 547,000
- Date: July 2016
- Lead Investors: Endiya Partners
- Participants: 3one4 Capital, Tracxn Labs, StartupXseed Ventures, iLabs Capital
- Series A
- Amount Raised: USD 4,000,000
- Date: June 2017
- Lead Investors: Lightspeed India Partners
- Participants: Endiya Partners, 3one4 Capital, StartupXseed Ventures
- Series B
- Amount Raised: USD 15,000,000
- Date: September 2019
- Lead Investors: Sequoia Capital India (Peak XV Partners)
- Participants: Lightspeed India Partners, Endiya Partners, 3one4 Capital
- Series C
- Amount Raised: USD 15,000,000
- Date: January 2021
- Lead Investors: Salesforce Ventures
- Participants: Lightspeed India, Sequoia Capital India (Peak XV Partners)
- Series D
- Amount Raised: USD 72,000,000
- Date: January 2022
- Lead Investors: Technology Crossover Ventures (TCV)
- Participants: Salesforce Ventures, Sequoia Capital India (Peak XV Partners), Lightspeed India, SCB 10X, JGDEV, Endiya Partners, 3one4 Capital
- Series D Extension (Microsoft)
- Amount Raised: USD 4,000,000
- Date: November 2022
- Lead Investors: Microsoft
- Participants: Microsoft only
- Series D Extension (SBI)
- Amount Raised: USD 4,900,000
- Date: January 2023
- Lead Investors: State Bank of India (SBI)
- Participants: State Bank of India only
- Series E
- Amount Raised: USD 140,000,000
- Date: March 2025
- Lead Investors: Partners Group, KKR
- Participants: Gravity Holdings
- Series E Extension
- Amount Raised: USD 40,000,000
- Date: August 14, 2025
- Lead Investors: Teachers' Venture Growth (TVG) — late-stage venture arm of Ontario Teachers' Pension Plan
- Participants: TVG (primary and secondary transactions)
Total Amount Raised: at least $295.4M based on disclosed funding (Seed ~$0.5M + Series A $4M + Series B $15M + Series C $15M + Series D $72M + Microsoft extension $4M + SBI extension $4.9M + Series E $140M + Series E extension $40M).
Key Investors
- Teachers' Venture Growth (TVG)
- Details: The late-stage venture and growth investment arm of Ontario Teachers' Pension Plan (Canada). TVG led Darwinbox's August 2025 $40M round, acquiring a stake through both primary and secondary transactions.
- Partners Group
- Details: One of the world's largest private markets firms. Co-led the $140M Series E round in March 2025, investing through its growth equity strategy.
- KKR
- Details: A leading global investment firm. Co-led the $140M Series E round in March 2025, investing from its Asia Next Generation Technology strategy.
- Technology Crossover Ventures (TCV)
- Details: A growth-stage technology-focused investment firm known for backing Netflix and Spotify. Led Darwinbox's $72M Series D in January 2022, which catapulted the company to unicorn status at a $1B+ valuation.
- Salesforce Ventures
- Details: The corporate venture arm of Salesforce. Led Darwinbox's $15M Series C in January 2021 and participated in the Series D.
- Microsoft
- Details: The global technology giant invested $4M in Darwinbox's Series D extension in November 2022 as a strategic investor to deepen product integration.
- Peak XV Partners (formerly Sequoia Capital India)
- Details: A leading venture firm in India and Southeast Asia. Led Darwinbox's $15M Series B in September 2019 and participated in subsequent rounds.
- Lightspeed India Partners
- Details: A prominent early-stage VC firm. Led Darwinbox's $4M Series A in June 2017 and has participated in multiple subsequent rounds.
- Endiya Partners
- Details: An early-stage venture fund focused on product startups. Has been a Darwinbox investor since the 2016 seed round.
- 3one4 Capital
- Details: An Indian venture capital firm. Has participated in Darwinbox's rounds from the seed stage onward.
What's Next for Darwinbox?
Darwinbox is poised for significant growth, leveraging its recent $140 million funding to expand into the U.S. market, which is its fastest-growing region. With a strong foothold in Asia and increasing traction globally, Darwinbox is well-positioned to compete with established players like Workday and SAP SuccessFactors. The company's focus on AI-driven HR solutions aligns with the industry's shift toward automation and data-driven decision-making. As Darwinbox continues to innovate and expand, it remains a key player to watch in the global HR technology landscape.
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