Darwinbox, a cloud-based HR platform uses tailor-made ML and AI solutions to manage Employee Lifecycle4 months ago Bhavitaavya Dharanikota
India has one of the fastest growing markets in the world right now. It has the fastest growing economy which is now growing at a rate of 7.4% which is expected to increase in 2019. The country has both an established network of global companies as well as a multitude of small businesses that cater to every demand of the people. HR Leaders in India are pushing towards improving their employees’ skills more than ever before. The focus is on helping their employees develop new skills and push them to climb higher up the corporate ladder. Many companies are now tying up with universities and colleges to help their employees improve both their technical and leadership skills. The fast-paced development of new technology and the increase in automation has made this an extremely important part of any company’s routine.
Darwinbox is a new age HR platform which takes care of all HR needs across the employee life-cycle — from recruitment, onboarding, employee management, payroll, leave, transfer, and performance management to exit management. It acts as a one-stop shop to streamline the recruitment and onboarding process and has an evolutionary talent management system catering to every performance philosophy. Its solutions combine workflow with intelligent insights and smart interfaces. The products a working professional uses for personal needs (e.g Uber, Facebook) and business needs at work are at complete dissonance. Enterprise tools lag far behind today’s consumer apps in quality of technology, usability and scalability. The team at Darwinbox tries to bridge this new “digital divide” and build products that are as effective as your daily use products. Their powerful, new age enterprise HRMS platform is built with a clear focus on intuitiveness and scalability, with standards of best in class consumer apps. The Platform addresses issues that are on top of mind of every HR person with well-thought outflows, proprietary intelligence based insights and amazing interfaces.
The Darwinbox team founded and led by Rohit Chennamaneni, Chaitanya Peddi, and Jayant Paleti is on a mission to transform the interaction between workforce and technology, through enterprise products that are as simple and effective to use as daily consumer apps. Started in 2016, the company currently has marquee clients like Paytm, Delhivery, Dr Reddy’s, Arvind, Nivea, Swiggy, GVK Bio using the platform. Darwinbox is backed by investments from the likes of Mohandas Pai and Silicon-valley based investor Lightspeed Ventures. The platform also leverages AI and Machine Learning to manage the entire life cycle of an employee. Darwinbox also generates vast amounts of data across the employee lifecycle giving holistic data-backed insights into an employee’s career journey. The main objective has always been to infuse intelligence into the HR function by turning data into business-critical insights. This will help organisations to make better people related decisions like proactively identifying and filling talent gaps, predict employee turnover etc. and for enabling these functionalities, analytics play a significant role at Darwinbox.
Since their inception in 2016, they have been able to onboard over 100 clients and engage with more than 3,00,000 employees. Their revenue has doubled since the previous year and they are now being recognised as one of the fastest growing HRMS solutions across the country. While they are growing at a significant rate, the Darwinbox team is looking forward to product development and market expansion in the coming years. As a part of product development, additionally to the existing seven modules, the team is looking at building three new modules—Rewards and Recognition, Travel, Learning and Development. In terms of market expansion, Darwinbox is looking to grow exponentially in India and will also begin its expansion into the South-East Asia market.