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Darwinbox, a leading global human resource (\u201cHR\u201d) technology platform, today announced the signing of definitive agreements under which Partners Group, one of the largest firms in the global private markets industry (acting on behalf of its clients), and funds managed by KKR, a leading global investment firm, will co-lead an investment of $140 million in the company, with additional participation from Gravity Holdings. The addition of Partners Group and KKR to an already-solid cap-table underscores Darwinbox\u2019s strong momentum over the recent years. The investment positions Darwinbox well to deepen its technology leadership and accelerate its international expansion plans.<\/p>\n
Founded in 2015, Darwinbox is a mobile-first and AI-enabled human capital management platform that serves more than 1,000 enterprises around the world. In less than a decade, Darwinbox has expanded internationally across multiple markets, including Asia Pacific, the Middle East, the United Kingdom, and the United States. In particular, since its entry into North America two years ago, the company has seen significant traction and is doubling down on its regional presence. Over the last two years, Darwinbox has built a robust and diversified global portfolio, having achieved a fivefold growth in revenue in international markets, with over 60% of new revenue coming from international markets.<\/p>\n
In 2024, Darwinbox was recognized as a Challenger in the Gartner Magic Quadrant for Cloud HCM Suites for enterprises with more than 1,000 employees, making it the youngest and only Asian company to receive the accolade.<\/p>\n
\u201cThis investment is a testament to Darwinbox\u2019s strong fundamentals and the trust we have earned from our 1,000+ global customer base,\u201d said Jayant Paleti, Co\u2010founder of Darwinbox. \u201cBy placing the employee experience front and center \u2014 and ensuring our platform is deeply configurable to diverse local needs \u2014 we have helped transform HR for enterprises globally. With top-tier investors backing us, we\u2019re poised to amplify our global momentum and deliver innovative AI\u2010powered solutions for thousands of enterprises worldwide.\u201d<\/p>\n
Cyrus Driver, Managing Director, Private Equity, Partners Group, comments, \u201cDarwinbox operates in the rapidly growing HR tech market, which we have been tracking through our thematic research. The company is acting as a key disruptor to legacy platforms in this space, investing heavily in product innovation, generative AI, and global expansion, and is well positioned to take market share. We look forward to working with Darwinbox\u2019s talented management team on driving future growth. The company represents another exciting addition to our private equity growth portfolio.\u201d<\/p>\n
Akshay Tanna, Partner and Head of India Private Equity, KKR, said, \u201cDarwinbox has established itself as a leading player in the human capital management space in a short span of time through its focus on innovation and customer centricity. We are pleased to support Darwinbox on its next stage of growth and will look to draw from our global network and expertise to accelerate its international expansion ambitions.\u201d<\/p>\n
Globally, over 3 million employees from leading brands \u2014 including Starbucks, Nivea, AXA, Cigna, WeWork, Crisil (an S&P company), T-Systems, and more \u2014 rely on Darwinbox\u2019s platform for modern HR management. Darwinbox\u2019s recent wave of product rollouts \u2014 highlighted by a multi-country payroll solution and enhanced GenAI features \u2014 demonstrates its commitment to next-generation HR innovation.<\/p>\n
Partners Group invested through its growth equity strategy, which applies a thematic approach to identify investment opportunities in growth-stage companies globally. Partners Group made its first growth investment in 2013 and has deployed around USD 2.5 billion in the space to-date. The firm\u2019s recent growth investments include Lumin Digital, a leading cloud-native digital banking provider, and Neara, one of the first AI-powered predictive modeling software platforms for critical infrastructure.<\/p>\n
KKR makes its investment from its Asia Next Generation Technology strategy, which seeks to support the growth of innovative, disruptive companies in Asia across consumer technology, software, and FinTech. This marks KKR\u2019s latest growth equity investment in India and the region, including Rebel Foods, an internet restaurant company in India; Lenskart, an omni-channel eyewear retailer; Livspace, an omni-channel home interior and renovation platform; KiotViet, a SaaS platform for SMBs in Vietnam; and Privy, a digital trust provider in Indonesia.<\/p>\n
Avendus Capital acted as the financial advisor and investment banker on this transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"
Darwinbox, a leading global human resource (\u201cHR\u201d) technology platform, today announced the signing of definitive agreements under which Partners Group, one of the largest firms in the global private markets industry (acting on behalf of its clients), and funds managed by KKR, a leading global investment firm, will co-lead an investment of $140 million …<\/p>\n","protected":false},"author":2,"featured_media":110582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-110581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"\n