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Founded
2015
Headquarters
Hyderabad (India)
Status
Series D
Company Details
Darwinbox delivers a mobile-first, AI-powered Human Capital Management (HCM) platform that helps organizations manage the full employee lifecycle. Its core design emphasizes a seamless, intuitive user experience, with significantly lower total cost of ownership compared to traditional players.
Core Products & Services
Recruitment & Onboarding: AI-powered applicant tracking, digital offer letters, seamless pre-boarding and onboarding journeys.
Core HR: Centralized employee data, organizational workflows, permissions management and API integrations.
Time, Attendance & Leave: Mobile check-ins, geo-fencing, facial recognition, shift rosters and flexible leave policies.
Payroll & Expense Management: Automated payroll with compliance, OCR-enabled reimbursements, travel and expense tracking.
Performance & Talent Management: Goal setting (OKRs), 360° reviews, succession planning, skill development and feedback.
Employee Engagement & Recognition: Pulse surveys, social intranet (Vibe), peer-to-peer recognition, global rewards marketplace.
People Analytics: Pre-built dashboards, customizable reports, predictive AI insights for workforce planning.
Business Model & Revenue Streams
SaaS Subscription Model: Recurring revenues from enterprises on per-employee, per-month subscription fees.
Tiered Pricing Plans: Flexible packages based on company size, modules used and level of customization.
Implementation & Setup Services: One-time charges for deployment, data migration and workflow configuration.
Integration Services: Fees from connecting Darwinbox with third-party platforms (CRM, ERP, payroll, etc.).
Value-Added Modules: Additional revenue from premium add-ons like AI assistant, advanced analytics and engagement tools.
Customer Support & Training: Paid support, onboarding workshops and enterprise training programs.
Geographic Expansion: Revenue growth through entry into new regions (Asia, Middle East, North America).
Enterprise Retention & Upselling: Long-term contracts, renewals and cross-selling of additional HR modules to existing clients.
Key Metrics
Total Equity Funding
$320 Million
No. of Funding Rounds
11
Latest Funding Round
$40.0 Million, Series D
as of August 14, 2025
Post Money Valuation
$965 Million
as of March 12, 2025
Funding Multiple
3.0x
as of March 12, 2025
Investors
TCV
and 4 moreEmployee Count
1399
Similar Companies
TurboHire
Exit Details
-
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| August 14, 2025 | Series D | $40.0 Million | - | - | - | Teachers Venture Growth |
| March 5, 2025 | Series D | $140.0 Million | - | - | - | Partners Group, KKR, Darcy Asia Holdings, Pg Destiny, Avendus |
| January 4, 2023 | Series D | $5.0 Million | $947.0 Million | $28.6 Million | - | SBI |
| November 1, 2022 | Series D | $3.9 Million | $946.0 Million | $26.1 Million | 37.3x | Microsoft |
| August 29, 2022 | Series D | $11.0 Million | - | $23.7 Million | - | TCV, Salesforce Ventures, Endiya Partners, 3one4 Capital, JG Digital Equity Ventures, SCB 10X, M12, Peak XV Partners, Lightspeed India, State Bank of India |
| January 22, 2022 | Series D | $79.5 Million | $735.0 Million | $14.8 Million | 44.2x | Kuber Technologies, TCV, Indorama Group Investments, Peak XV Partners, Endiya Partners, JG Digital Equity Ventures, SCB 10X, 3one4 Capital, QED Innovation Labs, Salesforce Ventures, Lightspeed India, Lightspeed Venture Partners |
| July 30, 2021 | Series C | $2.8 Million | $215.0 Million | $10.3 Million | - | JG Digital Equity Ventures, Hyde Ventures, Peak XV Partners, Harish Group, Antares Capital |
| January 19, 2021 | Series C | $17.7 Million | $212.0 Million | $6.7 Million | - | Salesforce Ventures, Peak XV Partners, 3one4 Capital, Endiya Partners, SCB 10X, Indorama Group Investments, Lightspeed India, Lightspeed Venture Partners, Cobalt Capital, Redwood Trust |
| September 19, 2019 | Series B | $15.0 Million | $64.3 Million | $2.9 Million | - | Peak XV Partners, Endiya Partners, 3one4 Capital, Lightspeed India, Lightspeed Venture Partners, Redwood Trust |
| June 13, 2017 | Series A | $4.0 Million | $12.7 Million | $351.0 K | - | Lightspeed India, Lightspeed Venture Partners, Endiya Partners, 3one4 Capital |
| July 1, 2016 | Seed | $547.0 K | $2.9 Million | - | - | Endiya Partners, Tracxn Labs, 3one4 Capital, Startupxseed Ventures |