Darwinbox, a cloud-based end-end HR management startup has raised $15 million in Series B investment led by Sequoia Capital. The round also saw participation from existing investors Lightspeed Ventures, 3one4 Capital and Endiya Partners.

With the freshly received capital, the Hyderabad-based startup aims to accelerate its growth across Asia and focus on product innovation. This startup’s platform focuses on all HR needs across an employee’s lifecycle.

The new investment has resulted in the startup to raise total equity capital worth $20 million. Jayant
Patel who is a co-founder of Darwinbox said that

towards the end of 2018, their aim was to sell services outside of India, and Southeast Asia was
the first region they focused on; the company now has six clients in the region, covering both mid to large enterprises. Darwinbox operates in the same space as giants like Oracle, Workday, and SAP. Jayant also maintained that talent is core to the success of any business, and the company’s mission from the beginning has been to build a human management system that places the employee at the center. The startup also enables organizations to engage, empower and elevate the potential of their workforce.

Darwinbox has been recognized as one of the most preferred HCM solutions in APAC. The platform has over 200 customers and has over 500,000 employees across 50 countries. Some of the Darwinbox’s clients include Bisleri, Swiggy, Paytm, Dr. Reddy’s, Bharti Adani, Mahindra Group. The team has focused on several sectors including retail, technology, BSFI, manufacturing, healthcare, consumer products, and manufacturing.

Darwinbox last raised funding in June 2017. Since then, the team claims that its customer base has increased 5X and revenue has grown by 90 percent. The startup acts as a one-stop-shop to streamline HR processes and has an evolutionary talent management system catering to every philosophy. Its solutions combine workflows with intelligent insights and smart interfaces.