Darwinbox, an enterprise human resource management (HRMS) platform has recently concluded a $4 million Series A funding. Lightspeed India Partners led the round along with participation from Darwinbox’s existing investors Endiya Partners, Mohandas Pai’s 3one4 Capital and Startupxseed Ventures. The company had raised its pre-series A round less than a year ago.
Currently deployed to over 50 enterprises with more than lakh of employees, Darwinbox plans to use the funding for product innovation and market expansion.The company’s marquee clients include Paytm, Nivea, Godrej CDPL, Delhivery, Sai Life Sciences, Swiggy and Hetero Pharma.
“The world’s largest enterprises are increasingly thinking of HR platforms not just as systems of record but as systems of intelligence to propel their human resource agenda,” said Jayant Paleti, co-founder of Darwinbox. “There is a strong, ever increasing demand for a modern technology suite that will address these needs. With this capital raise, Darwinbox will continue to expand its core technology, product and go-to-market capability across India and internationally.”
Company’s cloud based end-to-end HRMS platform automates HR processes across the entire employee lifecycle - managing recruitment, onboarding, core HR, time and attendance, expense management, payroll, employee engagement, performance management and people analytics. Company operates on a SaaS model which allows companies to only pay as they use.