Total amount raised
$267.3 Million
Latest funding date
3/1/2025
Location
Darwinbox has successfully raised funds through 12 distinct funding rounds, with the latest being a Series D round led by Teachers’ Venture Growth. The company has garnered the support of 19 investors, showcasing strong confidence in its innovative HR platform.
Keep reading to explore the intricacies of Darwinbox's fundraising journey and the investors backing this transformative platform.
What Is Darwinbox?
Darwinbox, based in Hyderabad, Telangana, India, is a private company specializing in AI-powered Human Capital Management (HCM) software. The company operates in industries such as artificial intelligence, enterprise software, human resources, machine learning, and SaaS.
With an employee count ranging from 1001 to 5000, Darwinbox offers an end-to-end HR platform that automates the entire employee lifecycle. The platform aims to provide a modern HR experience that delights employees and empowers HR teams.
How Much Funding Has Darwinbox Raised?
- Series B
- Amount Raised: USD 15,000,000
- Date: September 2019
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance market presence.
- Series C
- Amount Raised: USD 17,270,000
- Date: January 2021
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and product development.
- Series D
- Amount Raised: USD 81,630,000
- Date: January 2022
- Lead Investors: TCV
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To support international expansion and product innovation.
- Series D
- Amount Raised: INR 325,000,000
- Date: November 2022
- Lead Investors: Microsoft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology leadership and expand market reach.
- Series D
- Amount Raised: INR 408,200,000
- Date: January 2023
- Lead Investors: State Bank of India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To deepen technology capabilities and support growth initiatives.
- Series D
- Amount Raised: USD 140,000,000
- Date: March 2025
- Lead Investors: Kohlberg Kravis Roberts, Partners Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and enhance product offerings.
- Series D
- Amount Raised: USD 40,000,000
- Date: August 2025
- Lead Investors: Teachers’ Venture Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further international expansion and technology advancements.
Total Amount Raised: USD 293,900,000. Current Valuation: Not publicly disclosed.
Key Investors
- Teachers’ Venture Growth
- Details: Teachers’ Venture Growth is a venture capital firm that focuses on high-growth technology companies. They have been a lead investor in Darwinbox's Series D funding round.
- Investment Focus Areas: Technology, education, healthcare.
- Notable Investments: Not publicly disclosed.
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a global investment firm managing multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. They co-led a $140 million investment in Darwinbox.
- Investment Focus Areas: Private equity, energy, infrastructure, real estate, credit.
- Notable Investments: ByteDance, Epic Games, GoDaddy.
- Partners Group
- Details: Partners Group is a global private markets investment manager with over $150 billion in assets under management. They co-led the $140 million investment in Darwinbox.
- Investment Focus Areas: Private equity, private real estate, private infrastructure, private debt.
- Notable Investments: GlobalLogic, Techem, United States Infrastructure Corporation.
- State Bank of India
- Details: State Bank of India (SBI) is the largest public sector bank in India, offering a wide range of banking products and services. They invested in Darwinbox's Series D funding round.
- Investment Focus Areas: Banking, financial services, insurance.
- Notable Investments: Not publicly disclosed.
- Microsoft
- Details: Microsoft is a multinational technology company known for its software products, including the Windows operating system and the Office suite. They participated in Darwinbox's Series D funding round.
- Investment Focus Areas: Technology, software, cloud computing, enterprise solutions.
- Notable Investments: LinkedIn, GitHub, OpenAI.
What's Next for Darwinbox?
Darwinbox is poised for significant growth, leveraging its recent $140 million funding to expand into the U.S. market, which is its fastest-growing segment. The company aims to deepen its technology leadership and enhance its AI-powered solutions, positioning itself as a formidable competitor in the global HR tech landscape.
Future fundraising opportunities appear promising, given the strong backing from top-tier investors like KKR and Partners Group. This financial support will likely fuel further international expansion and technological advancements, ensuring Darwinbox remains at the forefront of HR innovation.
However, the company faces challenges such as intense competition from established players like SAP and Oracle, and the complexities of scaling operations internationally. Navigating these hurdles will be crucial for Darwinbox to maintain its growth trajectory and achieve long-term success.
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