Human resources tech startup DarwinBox has raised a $15 million Series C funding round, as it aims to scale its platform deeper into the southeast Asian market.
The round, led by Salesforce Ventures with participation from existing investors Sequoia India and Lightspeed, brings DarwinBox’s total cash injection above $30m. The 2015-founded firm claims to have grown more than 300% since its 2019 Series B round, as the COVID-19 pandemic has forced work-from-home hierarchies to turn to tech for their hiring solutions.
“Cloud adoption in Asia is growing at a monumental pace and the pandemic has only further amplified the importance of going digital,” said Alex Kayyal, partner and head of international at Salesforce Ventures.
Hyderabad-headquartered DarwinBox has already grabbed some of southeast Asia’s leading companies including Tokopedia and Alodokter. As the region’s workforce continues to get younger—its median age is just 30 years today—DarwinBox believes its SaaS model will see ever-higher adoption.
“More enterprises are abandoning legacy solutions in favour of our modern, agile platform that helps them stay ahead of change,” said Jayant Paleti, one of DarwinBox’s three founders.