Indian HR technology startup Darwinbox has raised $140 million in funding from international investment companies Partners Group and KKR. The new investment is a milestone for the company, further establishing it as a top cloud-based human resource management solution provider. The funds will be utilized to enhance Darwinbox’s technology solutions and increase its presence in major global markets.
Darwinbox has risen to fame with its AI-powered HR solutions, which are aimed at large organizations and rapidly growing businesses. Darwinbox’s software automates numerous HR processes, such as payroll, performance management, and employee engagement. As its customer base in the UAE continues to grow, prominent clients like Lulu Group and Abu Dhabi Securities Exchange (ADX) have already adopted Darwinbox’s solutions into their workforce management system.
The support from KKR and Partners Group reflects the increasing need for sophisticated HR technology in a world where companies are making digital transformation a top priority. “This investment will enable us to step up the pace of innovation and roll out more AI-driven HR products to our international client base,” Darwinbox co-founder Jayant Paleti explained. The firm plans to utilize the new capital to add more depth to its platform, increase its staff, and grow operations in Asia, the Middle East, and globally.
While Darwinbox is set to further revolutionize the HR tech space, experts expect the new funding to make the company a formidable competitor for international players in the industry. As businesses continue to look for automation and artificial intelligence-based HR solutions, Darwinbox’s recent funding round sets it up for more growth and leadership in the market.
