Darwinbox Secures $140 Million to Fuel Global HR Tech Expansion

HR technology leader Darwinbox has raised $140 million in a funding round co-led by Partners Group and KKR, with participation from Gravity Holdings. This significant investment will accelerate Darwinbox's international growth and solidify its position as a leading provider of innovative HR solutions.

Darwinbox: A Global HR Tech Disruptor

Founded in 2015, Darwinbox offers a mobile-first, AI-powered human capital management (HCM) platform serving over 1,000 enterprises worldwide. The company has rapidly expanded across Asia Pacific, the Middle East, the UK, and the US, with North America being a key growth area. Darwinbox has seen fivefold revenue growth in international markets over the past two years.

Key Highlights:

• Gartner Recognition: In 2024, Darwinbox was named a Challenger in the Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ employee enterprises, the youngest and only Asian company to achieve this.
• Strong Philippines Presence: Darwinbox has doubled its growth year-on-year in the Philippines, partnering with major brands like Gokongwei Group, BPI, SM Prime, and others. The company recently launched its multi-country payroll solution in the Philippines.
• Focus on Innovation: Darwinbox continues to invest in product development, including AI-powered features and a multi-country payroll solution.
• Global Customer Base: Over 3 million employees at leading companies like Starbucks, Nivea, and AXA use Darwinbox's platform.

Investor Perspectives:

"This investment is a testament to Darwinbox's strong fundamentals," said Jayant Paleti, Co-founder of Darwinbox. "With top-tier investors backing us, we're poised to amplify our global momentum."

Cyrus Driver, Managing Director at Partners Group, commented, "Darwinbox is a key disruptor in the rapidly growing HR tech market... We look forward to working with Darwinbox's talented management team."

Akshay Tanna, Partner at KKR, added, "Darwinbox has established itself as a leading player... We are pleased to support Darwinbox on its next stage of growth."

This latest funding round marks a significant milestone for Darwinbox, empowering the company to further innovate and expand its reach, transforming HR for enterprises globally.