HRtech platform Darwinbox raised $15 mn funding round led by Salesforce Ventures, bringing the total investment in the HRtech enterprise to $35 mn. The company’s revenues have grown by over 300 percent since the last round of funding in 2019.
Darwinbox helps enterprises empower, engage and elevate the potential of their workforce through its hire-to-retire Human Capital Management (HCM) platform. The company says that it's already the third largest HR cloud provider after SAP and Oracle in India and wants to become a leader in the space in the next two years.
"We will be focused on markets such as the Middle East, Africa, and South East Asia. We may also enter the US market. With Salesforce Ventures as the strategic investor, we will be able to scale globally and jointly enter the market with them. We will leverage the new investment to speed the introduction of exciting new solutions and advance R&D to deploy deep-technology capabilities," said Chaitanya Peddi, founder, Darwinbox.