Darwinbox raises $15 mn from multiple investors

Hyderabad: Darwinbox, an enterprise HR technology platform, on Thursday said that it has raised $15 million Series B funding from a host of investors, including Sequoia India.

The existing investors - Lightspeed India Partners, Endiya Partners and 3one4 Capital - also participated in the funding, Darwinbox said.

Darwinbox's cloud-based end-to-end human resource management (HRMS) platform caters to HR needs across the entire employee lifecycle (hire-to-retire).

Jayant Paleti, Co-founder, Darwinbox, said: "Partnering with marquee investors will accelerate our penetration into the Asian enterprise market, drive product innovation and maximise value delivered to customers."

Principal of Sequoia Capital India LLP Harshjit Sethi said, "Darwinbox is the clear emerging leader in the fast-growing cloud-based HR management software space in Asia."

Sequoia India is thrilled to partner with the team to help them expand aggressively in the coming years, he added.