Salesforce makes its maiden India investment in Darwinbox

San Francisco California. The cloud-based enterprise software company announced on Tuesday that it will purchase the popular workplace-chat app Slack

Darwinbox, the HR tech startup based out of Hyderabad, has raised $15 million from Salesforce Ventures, the investment arm of global software giant Salesforce, which has backed companies like Zoom, Dropbox globally.

Darwinbox said the latest investment by Salesforce will allow it to leverage the USA giant's distribution network in the regions where it is looking to grow. It develops touchless attendance methods and gives hiring and onboarding and employment engagement instruments to greater than one million workers of 500 prospects throughout 60 nations. Existing investors, including Lightspeed India and Sequoia Capital India, also took part in the tour, making the five-year-old startup's increase to date around $ 35 million. This round of funding, which comes at a time when Darwinbox is looking to expand its presence in Southeast Asia and West Asia, was led by Salesforce Ventures.

Darwinbox was founded in 2015 by Jayant Paleti, Rohit Chennamaneni, and Chaitanya Peddi. "We will leverage the power of our platform to do more. Promising technology talent and a growing entrepreneurial ecosystem in the city played a major role in our growth and success", says Chaitanya Peddi, co-founder, Darwinbox. Deep understanding of the Asian context, ease of use (with mobile centricity), high level of configurability and faster time-to-value are key reasons why the product has seen vast traction in the enterprise segment, where they compete with SAP, Oracle and other established vendors.

Alex Kayyal, partner, Salesforce Ventures, said, "Darwinbox is delivering innovation for Asia's leading enterprises and has emerged as a top platform of choice".


Darwinbox said it is 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.

Darwinbox witnessed a massive surge in adoption during the pandemic. "We will work with Salesforce closely to maximize value for our customers, continue building out our product stack and accelerate global expansion".

Its clients include some of the world's largest brands in Puma and Nivea, some large traditional businesses such as Adani, Mahindra, and Kotak, some Asian startups such as Indonesian online mall Tokopedia, and Singapore's Zilingo, and also large internet companies such as Swiggy, BigBasket, and Delhivery. With over 180 implementations done remotely just during the lockdown, and a record high revenue growth, Darwinbox has cemented its place as one of the most preferred HR technology platforms in the APAC region.

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