Darwinbox Raises $72M for HCM Solution

Darwinbox has raised a new round of funding of $72 million led by Technology Crossover Ventures (TCV) along with participation from existing investors — Salesforce Ventures, Sequoia, Lightspeed, SCB 10X, JGDEV, Endiya Partners, and 3One4Capital. This brings the total investment raised thus far to over $110 million.

“This investment energizes our mission to continue building technology that enables organizations to unlock the highest potential of their people. We have done this by building a product that puts employees squarely at the center and crafting meaningful experiences for them. This has especially found resonance in this rapidly evolving world of work over the last 2 years with companies having to rethink how they attract, manage and retain their talent,” shared Jayant Paleti, Co-founder, Darwinbox.

Darwinbox’s cloud based HCM platform caters to HR needs across the entire employee lifecycle.

The funding will be used to accelerate its platform innovation agenda, strengthen its product, engineering and customer success teams along with scaling their go-to-market presence in multiple geos. The company is set to triple its team within a year aiming to add more than 100+ team members in SEA across its Singapore, KL, Jakarta, Manila and Bangkok offices.  

Announcement: Darwinbox Raises $72M for HCM Solution