Funding News: Darwinbox Bags $40 Million from Ontario Teachers' Fund to Power Global HR Tech Push

Company: Darwinbox

Founders: Chaitanya Peddi, Jayant Paleti, Rohit Chennamaneni, Vineet Singh

About us: Darwinbox is a Hyderabad-based human capital management (HCM) and planning platform that helps enterprises manage the entire employee lifecycle. It became the first unicorn from Telangana and today serves over 1,000 enterprises with a combined workforce of 4 million employees across 130 countries.

Founded Year: 2015

Office: Hyderabad, India (Global presence across 130 countries)

Sector: HR Tech / SaaS

Funding Round: Growth Round

Investors: Teachers’ Venture Growth (Ontario Teachers’ Pension Plan)

Hyderabad-based human capital management (HCM) and planning platform Darwinbox has raised $40 million from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan. The funding, comprising a mix of primary and secondary transactions, takes the company’s total capital raised to $320 million.

Darwinbox Co-founder Jayant Paleti said the investment aligns with the company’s vision to disrupt the legacy HCM space. “HR tech, when done right, can unlock outsized value for every enterprise, yet the old guard of HCM vendors still falls short of that leap. Darwinbox exists to change that story building the next-gen HCM company, global by design, AI-first at the core, and relentlessly focused on customer outcomes”, he noted.

Website: https://darwinbox.com