Darwinbox
Founded Year
2015Stage
Series D - III | AliveTotal Raised
$127.27MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-20 points in the past 30 days
About Darwinbox
Darwinbox is a company that specializes in human capital management and offers a suite of cloud-based HR solutions. Their platform leverages artificial intelligence and machine learning to automate day-to-day HR processes, provide actionable insights, and enhance employee experiences across various industries. Darwinbox's comprehensive offerings include workforce management, talent acquisition, payroll compliance, performance management, and employee engagement tools. It was founded in 2015 and is based in Hyderabad, India.
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Darwinbox's Product Videos
ESPs containing Darwinbox
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The employee support AI agents & copilots market consists of companies providing an internal, employee-facing interface to retrieve information using natural language cues. AI employee support platforms answer human resources questions related to topics such as employee benefits or workforce policies. These platforms can also address internal inquiries around workflow, locating documents and infor…
Darwinbox named as Leader among 12 other companies, including Moveworks, Zendesk, and Rezolve AI.
Darwinbox's Products & Differentiators
HCM Suite
Darwinbox's cloud-based HCM suite caters to an organization’s HR needs across the employee lifecycle including Recruitment, Onboarding, Core transactions (Leaves, Attendance, Directory), Payroll, Travel and Expenses, Employee Engagement, Performance Management, Rewards & Recognition and People Analytics. The new-age and innovative platform combines highly configurable workflows, intelligent insights, and smart interfaces to help enterprises unleash the true potential of their workforce.
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Research containing Darwinbox
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Darwinbox in 2 CB Insights research briefs, most recently on May 18, 2022.
Expert Collections containing Darwinbox
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Darwinbox is included in 5 Expert Collections, including HR Tech.
HR Tech
5,881 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Unicorns- Billion Dollar Startups
1,249 items
Fintech
13,413 items
Excludes US-based companies
Fintech 100
249 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Artificial Intelligence
322 items
Latest Darwinbox News
Oct 23, 2024
Besides allocating 46% of its operating revenue to R&D, Darwinbox has made strategic IP acquisitions to enhance its product lineup, including a compensation management platform that has grown 14X since acquisition. Wednesday October 23, 2024 , 4 min Read SaaS unicorn Darwinboxreported a revenue of Rs 393 crore in FY24, up 58% compared to the previous year. The company attributed this growth to its R&D investments , an expanding share of international revenue, and increasing revenue contributions from existing customers. According to the company’s latest statement, the revenue growth is also on the back of improved efficiency, with operating cash burn decreasing by 12% during the fiscal year of 2024. The company also noted a 17 percentage point improvement in its EBITDA margin. "It's been a good year for us, with roughly 58% growth compared to the previous fiscal year," Jayant Paleti, Co-founder, Darwinbox, told YourStory. “We're halfway through the current year, and we expect this growth trajectory to continue. Growth remains our focus as we strive to become more financially efficient and productive,” Paleti added. The Hyderabad-based firm initially rolled out its product in India and quickly expanded into five Southeast Asian countries in 2019. This was followed by its entry into the Middle Eastern market in 2021. Since then, Darwinbox has experienced rapid growth in these regions. “Last year's growth was driven by two main factors. First, we've been able to do more with our existing customers. For a good chunk of our journey—the first five years—we were catching up with the big players in our sector, which is dominated by SAP, Oracle, and Workday. We focused on building a critical mass of modules to compete, achieving feature parity within each module,” he explained. "Second, we've made research and development a crucial focus area. R&D investments have always been high since day one. Last year, we increased our R&D spend to account for 46% of our operating revenue—a 43% scale-up from the previous year, which has allowed us to release more functionality," he added. The company has further extended its global footprint by launching operations in North America 18 months ago. Over the years, Darwinbox has diversified its geographic footprint, with international markets contributing to 87% of total revenue last fiscal year and achieving a 5X increase in the past two years. Also Read
Darwinbox Frequently Asked Questions (FAQ)
When was Darwinbox founded?
Darwinbox was founded in 2015.
Where is Darwinbox's headquarters?
Darwinbox's headquarters is located at Skootr Managed Office, Block C, RMZ Futura, Hyderabad.
What is Darwinbox's latest funding round?
Darwinbox's latest funding round is Series D - III.
How much did Darwinbox raise?
Darwinbox raised a total of $127.27M.
Who are the investors of Darwinbox?
Investors of Darwinbox include Microsoft, State Bank of India, Endiya Partners, 3one4 Capital Partners, Lightspeed India Partners and 9 more.
Who are Darwinbox's competitors?
Competitors of Darwinbox include Keka, Namely, SumTotal Systems, iCIMS, Zenefits and 7 more.
What products does Darwinbox offer?
Darwinbox's products include HCM Suite and 4 more.
Who are Darwinbox's customers?
Customers of Darwinbox include JSW, Kotak Life Insurance, Arvind and More Retail.
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Compare Darwinbox to Competitors
Flash operates as a management platform specializing in human resources (HR) and financial services. The company offers solutions for benefits management, talent management, and corporate expense control. Flash primarily serves sectors that require integrated management solutions for HR and financial operations. It was founded in 2018 and is based in Pinheiros, Brazil.
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Bamboo HR is a company that focuses on providing comprehensive human resources software solutions. The company offers a range of services including data management, hiring and onboarding, payroll and benefits management, and tools for enhancing employee experience and performance. Bamboo HR primarily serves businesses of all sizes across various sectors. It is based in Lindon, Utah.
Hibob specializes in human resources technology, offering a comprehensive HR platform designed to streamline various HR processes for businesses. Its main services include core HR functions, onboarding, time and attendance management, compensation, payroll integration, hiring, time off management, surveys, performance management, people analytics, and workforce planning. The company's tools are aimed at improving productivity, engagement, and retention within organizations. It was founded in 2015 and is based in New York, New York.
Factorial specializes in human resource management software, offering a suite of tools designed to automate and centralize HR processes across various business sectors. Its main offerings include time and attendance tracking, talent management, payroll processing, and expense management, all aimed at improving productivity and reducing manual workload. Factorial's solutions cater to a range of industries, including manufacturing, consulting, technology, healthcare, and more, providing scalable and agile HR tools to meet the needs of small and medium-sized businesses. It was founded in 2016 and is based in Barcelona, Spain.
Gusto specializes in providing integrated online payroll and HR solutions for businesses. Its main services include processing payroll with automated tax filing, managing time and attendance, offering workers' compensation, and administering employee benefits such as health insurance and 401(k) plans. Gusto also offers tools for hiring and onboarding, talent management, and compliance support to ensure businesses can efficiently manage their teams. It was formerly known as ZenPayroll. It was founded in 2011 and is based in San Francisco, California.
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