Darwinbox raises funding from Salesforce to accelerate HR digitalization

Source | | Anushree Sharma

Darwinbox, one of Asia’s leading enterprise HR technology platforms announces the closing of its 15MN USD funding round led by Salesforce Ventures with participation from existing investors, Sequoia and Lightspeed. The company has grown 300%+ since its last round of funding in 2019. 

The company shared that with the new funding, the company plans to accelerate its expansion in Southeast Asia, onboard new partners, drive product innovation, and significantly grow its team in the region.

Sharing more about the funding and future plans, here is a quick look into Darwinbox’s growth and future plans shared by Chaitanya Peddi, Co-founder and Product Head at Darwinbox, in this exclusive interview with People Matters:

Q: How are you feeling about the recent funding? What will be your immediate steps and plans on leveraging this funding?

Salesforce is the father of SaaS. This funding really validates the product and the work we are doing in the HCM space. When we entered the market five years back, the market was really cluttered and we knew this isn’t going to be an easy journey. Our customers have motivated us and helped us build our products, especially our early clients who showed trust in us. We now want to scale up on the journey. We are planning to expand into new geographies and hire great people to execute new plans and journeys and invest a lot in the product. We also plan to replicate our product into new industries and new markets. One thing I want to add here is that we are a product-driven company which means that the product has always been the heart of our company. So, we will invest a lot in our product and help more and more customers to get great services. 

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