Darwinbox: "A UNICORN"! - Start-Up Hyderabad
Loading Startup Hyderabad

Darwinbox: “A UNICORN”!

 5 months ago    

Darwinbox, a startup by Jayanth Paleti, Rohit Chennamaneni, and Chaitanya Peddi, established in 2015, provides HR management resource needs like attendance, payroll, and employee onboarding. It has accelerated its growth by becoming the “Fourth Unicorn” of 2022. It now has a valuation of 1 billion dollars after a $72 million investment made by the US-based firm Technology Crossover Ventures (TCV) in a Series D funding. The ability to build innovative, agile, and user-friendly solutions has made them the best choice for several leading companies.

DarwinBox

After the latest investment, this Hyderabad- Singapore-based company has raised a total of $110 million from its investors. Other investors of Darwinbox, including Sequoia, Lightspeed India, and Salesforce Ventures, were also a part of the funding.

Also read our previous article about DarwinBox here: The story behind India’s fastest growing HR Tech company: Darwinbox

Darwinbox is India’s only unicorn SAAS firm whose bulk revenue comes mainly from Indian customers.

With the new funds, the vision is to expand its wings in Asia and bring in new hires who will be added to the company’s customer support, engineering, and sales and marketing teams to promote the business growth and thus expects its overall team to grow by 100%. This milestone is undoubtedly an inspiration and hopes to many upcoming startups to create a mark in the industry. We wish them the best of luck with their future plans!

Comments

comments

Nethrikaa Greeshma

Hi, I am Greeshma Nethrikaa. I'm an engineer by day and a content writer by night!

OUR BLOGGERS

  • Saritha Keshamoni

    Saritha Keshamoni

  • Rituka M

    Rituka M

  • Ramya Sayaboni

    Ramya Sayaboni

  • Bhavitaavya Dharanikota

    Bhavitaavya Dharanikota

  • Sruthi Malla

    Sruthi Malla

  • Tata Teja

    Tata Teja

  • Ruchika Agarwal

    Ruchika Agarwal

  • Neeha Jayaram

    Neeha Jayaram

  • Avatar

    Sameeksha Bansal

  • Rahul Das

    Rahul Das

  • Shravani Maddirala

    Shravani Maddirala

  • Saloni Anand

    Saloni Anand

  • Avatar

    Madhureema RoyMoulik

  • Srinivas Aki

    Srinivas Aki

  • Dhivya

    Dhivya

  • Soumalya Chakraborty

    Soumalya Chakraborty

  • Sravya Gowrisetty

    Sravya Gowrisetty

  • Monika Guwalani

    Monika Guwalani

  • Ramesh Loganathan

    Ramesh Loganathan

  • Nischala Agnihotri

    Nischala Agnihotri

  • Varun Rastogi

    Varun Rastogi

  • Harshita Goel

    Harshita Goel

  • Nikita Kiran

    Nikita Kiran

  • Avatar

    Ankur Mehta

  • Neha Mohsin

    Neha Mohsin

  • Maddy Anand

    Maddy Anand

  • Ayyappa Nagubandi

    Ayyappa Nagubandi

  • Chandra Mouli Koduri

    Chandra Mouli Koduri

  • Divya Jyothi

    Divya Jyothi

  • Saptarshi Roy Chaudhury

    Saptarshi Roy Chaudhury

  • Ayushi Pandey

    Ayushi Pandey

  • Avatar

    Surya Vallae

  • Amita Sood

    Amita Sood

  • Gunajit Haloi

    Gunajit Haloi

  • Ravi Vaka

    Ravi Vaka

  • Avatar

    Manoj Surya

  • Priyanka Mechineni

    Priyanka Mechineni

  • Sreekar Reddy

    Sreekar Reddy

  • Ambika Asta

    Ambika Asta

  • Avatar

    Anish Tadimarri

  • Vana Korrapati

    Vana Korrapati

  • Avatar

    Vineel Reddy Pindi

  • Vinita Surana

    Vinita Surana

  • GR Reddy

    GR Reddy

image title here

Some title