Darwinbox, a leading human resources (HR) technology platform, has secured $140 million in a funding round co-led by global investment firms Partners Group and KKR, with participation from Gravity Holdings. This substantial investment aims to enhance Darwinbox's product development and accelerate its global expansion efforts.
Key Details
- Founders: Jayant Paleti, Rohit Chennamaneni, and Chaitanya Peddi
- Founded: 2015
- Headquarters: Hyderabad, India
- Product Offering: Cloud-based Human Capital Management (HCM) software
- Latest Funding Amount: $140 million
- Lead Investors: Partners Group and KKR
- Use of Funds: Product enhancement and global market expansion
Founders' Background
- Jayant Paleti: An alumnus of IIT Madras and IIM Lucknow, Jayant previously worked as an investment banker at Ernst & Young, specializing in mergers, acquisitions, and private equity.
- Rohit Chennamaneni: With experience at Google as a Product Analyst and as an Engagement Manager at McKinsey & Company, Rohit has a strong background in technology and digitalization strategies.
- Chaitanya Peddi: An XLRI alumnus, Chaitanya served as an HR consultant at Ernst & Young, advising global firms on organization design and performance management.
Funding Details
The $140 million investment, co-led by Partners Group and KKR, reflects strong confidence in Darwinbox's capabilities and growth trajectory. The company plans to utilize the fresh capital to enhance its product offerings and expand its presence in international markets, including Asia Pacific, the Middle East, the United Kingdom, and the United States.