HRtech startup, Darwinbox, has secured $4 Mn in Series A funding round led by Lightspeed India Partners. Existing investors Endiya Partners, Mohandas Pai’s 3one4 Capital and Startupxseed Ventures in this round of funding in the Human Resource Management startup.
Darwinbox is a new-age cloud HR platform that takes care of all HR needs across the employee life cycle – the six HR modules – which include recruitment, core transactions (leave, attendance, directory), payroll, employee movement, employee engagement, talent management and people analytics.
Mohandas Pai investing via 3one4 Capital said, “At a time when the fundamental principles of human resource management are rapidly evolving in India, the team at Darwinbox has leveraged platform-scale technologies and latest compliance frameworks to help their customers become more people-centric. By reimagining multiple workflows across HR, Darwinbox has unlocked several new strategies for tangible productivity improvements”
The company was founded in August 2015 by Jayant Paleti, Rohit Chennamaneni, and Chaitanya Peddi. All the founders are IIT/IIM/XLRI alums and have worked across companies like Mckinsey, Google, E&Y and Deloitte before founding Darwinbox.
With the new capital raise, the company plans to expand its core technology, product, and go-to-market capability across India and internationally.
Darwinbox And The Six Intuitive Modules
As mentioned above, the HRtech startup helps companies manage the entire employee lifecycle, making it one stop solution for all the technical HR requirements. Darwinbox’s cloud-based end-to-end Human Resource Management (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.