Total amount raised
$267.3 Millions
Latest funding date
Location
Darwinbox has successfully raised $140 million in funding, attracting significant investment from Partners Group and KKR. The platform offers AI-powered Human Capital Management (HCM) software designed to enhance efficiency and employee experience.
Keep reading to explore the intricacies of Darwinbox's fundraising journey and the investors backing this innovative platform.
What Is Darwinbox?
Founded in 2015, Darwinbox is headquartered in Hyderabad, Andhra Pradesh, India. The company was established by Chaitanya Peddi, Jayant Paleti, Rohit Chennamaneni, and Vineet Singh.
Darwinbox offers a comprehensive cloud-based Human Resources Management Software (HRMS) that leverages AI and Machine Learning to enhance the employee lifecycle from hire to retire. The platform is designed to drive efficiency, transform talent management, and improve the overall employee experience.
With a workforce of 251-500 employees, Darwinbox serves over 350 global enterprises and unicorns, making it one of the most preferred HCM platforms in the APAC region.
How Much Funding Has Darwinbox Raised?
- Series A
- Amount Raised: $4M
- Date: June 2017
- Lead Investors: Lightspeed India Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the core HR software and expand initial market reach.
- Series B
- Amount Raised: $15M
- Date: September 2019
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series C
- Amount Raised: $17.3M
- Date: January 2021
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: $81.6M
- Date: January 2022
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product innovation.
- Series D
- Amount Raised: ₹325M
- Date: November 2022
- Lead Investors: Microsoft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand market presence.
- Series D
- Amount Raised: ₹408.2M
- Date: January 2023
- Lead Investors: State Bank of India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and improve product capabilities.
- Venture Round
- Amount Raised: $140M
- Date: March 2025
- Lead Investors: Kohlberg Kravis Roberts, Partners Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion, particularly in the U.S. market.
Total Amount Raised: $258.9M
Current Valuation: Not publicly disclosed
Key Investors
- Partners Group
- Details: Partners Group is a global private markets investment manager with around 1,800 professionals and over USD 150 billion in assets under management. The firm is headquartered in Switzerland and has a significant presence in the Americas.
- Investment Focus Areas: Private equity, private real estate, private infrastructure, private debt.
- Notable Investments: GlobalLogic, Techem, United States Infrastructure Corporation.
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a leading global investment firm that offers alternative asset management, capital markets, and insurance solutions. The firm manages multiple asset classes, including private equity, credit, and real assets.
- Investment Focus Areas: Private equity, energy, infrastructure, real estate, credit, hedge funds.
- Notable Investments: ByteDance, Lyft, Epicor Software.
- Microsoft
- Details: Microsoft is a global technology company known for its software products, including the Windows operating system and Office suite. The company also focuses on cloud computing and enterprise solutions.
- Investment Focus Areas: Technology, cloud computing, software, enterprise solutions.
- Notable Investments: OpenAI, LinkedIn, GitHub.
- Salesforce
- Details: Salesforce is a leading cloud computing company specializing in customer relationship management (CRM) software. The company provides enterprise software solutions to help businesses manage customer interactions.
- Investment Focus Areas: Cloud computing, CRM, enterprise software.
- Notable Investments: Slack, Tableau, MuleSoft.
- TCV
- Details: TCV is a venture capital firm that invests in technology companies. The firm focuses on high-growth sectors and has a history of backing successful tech startups.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Netflix, Facebook, Spotify.
What's Next for Darwinbox?
Darwinbox is poised for significant growth, with opportunities to expand its footprint in the lucrative U.S. market and leverage the trend of AI-driven HR solutions. The $140 million raised will fuel this expansion, allowing the company to deepen its technology leadership and disrupt legacy HR platforms.
Future fundraising seems promising, given the strong backing from top-tier investors like Partners Group and KKR. As Darwinbox scales, it may attract further investments to support its ambitious goals. However, the company will face challenges such as intense competition from established players and the complexities of international expansion.
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