Unicorn Darwinbox to add 300 people in Hyderabad and 100 in other markets

Hyderabad: On Monday, Hyderabad-based HR technology platform Darwinbox announced plans to add 300 people in Hyderabad in about six months. Darwinbox co-founder Rohit Chennamaneni said this would increase the city’s workforce to 1,000 from the current 700.

The company on Monday moved into its new global headquarters of approximately 75,000 square feet in Skootr Forest in Hitec City.

This new campus will house key product development teams. The company will seek to add surveys to the employee experience portion of HR, which it has not done so far. The company has sales teams in India, Indonesia, Philippines, Singapore, Thailand, Malaysia, UAE and the United States.

Darwinbox is a cloud-based HR technology platform that addresses an organization’s HR needs, including recruiting, onboarding, attendance, payroll, travel and expenses, employee engagement, performance management, rewards and recognition, and people analytics.

“Hyderabad has been an important location for us since our inception. Over the past seven years, we have expanded rapidly across the globe. The move into our new global headquarters marks an important milestone in our growth journey. Contributes to our vision of ‘From Asia to the World’ and supports our plan to double our business by 2023,” he said.

Outside India, it plans to add 100 members. We are on track to be the market leader in the regions where we currently operate. We are planning to expand into new regions,” he said.

Darwinbox now serves 700 clients and has 2 million users from cross-domain clients. It will seek to strengthen its data analytics, AI skills and other skills for richer insights. Among other things, it will focus on intervening in customer retention and employee retention. He said the company is seeing growth as many clients are reshaping their HR strategies and likely going public in about three years.

In January, Darwinbox raised $72 million (around Rs 533 crore at the time) in a funding round led by Technology Crossover Ventures (TCV), with existing investors Salesforce Ventures, Sequoia Capital, Lightspeed, Endiya Partners and 3One4Capital participated in the investment. And just like that, it became a unicorn (a private startup valued at over $1 billion). It has raised about $110 million so far.

While it won’t be raising any new funding anytime soon, it will be open to strategic investments, he said.