HR technology solutions firm Darwinbox has raised $ 15 million (about Rs 105 crore) in Series B investment from Sequoia India, Lightspeed India Partners, Endiya Partners and 3one4 Capital.
The firm provides end-to-end Human Resource Management (HRMS) platform to all the HR needs of an entity from hiring to retirement of employees.
“We will invest heavily in further strengthening our platform, especially our analytical layer with artificial intelligence and machine learning capabilities to help decision making,” Chaitanya Peddi, Co-founder of Darwinbox, said.
“Asia HR technology market is estimated to be at $ 9 billion. Increase in mobile users in the geography meant newer possibilities in the way organisations can engage and empower their employees,” Rohit Chennamaneni, Co-founder, Darwinbox, said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.