Darwinbox Raises $35M in Series B, Surges 300% in Revenue
Darwinbox, a leading HR technology provider, has announced a significant boost in its Series B funding round, raising $35 million. The company's revenues have surged by over 300% since its last funding round in September, reflecting its rapid growth and impact on the enterprise market.
Founded by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni, Darwinbox offers a modern HCM platform that empowers and engages workforces globally. With over 500 customers across 60 countries, including prominent global enterprises, Darwinbox manages over one million employees worldwide.
The latest funding round was led by Salesforce Ventures, with Alex Kayyal, Partner and Head of International, praising Darwinbox's innovation and leadership in Asia's enterprise market. Jayant Paleti, Co-founder of Darwinbox, attributed the company's success to its platform's ability to help enterprises stay ahead of change. With the fresh funding, Darwinbox aims to accelerate digital HR adoption and deepen its product offering.
Darwinbox will collaborate with Salesforce to maximize value to customers and accelerate its global expansion. The company's impressive growth, reflected in its soaring revenues and extensive customer base, positions it as a key player in the HR technology landscape. With its innovative HCM platform and strategic partnerships, Darwinbox is set to continue making waves in the enterprise market.
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