“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, Salesforce Ventures. “
is delivering innovation for Asia’s leading enterprises and has emerged as a top platform of choice.”
Darwinbox’s HR technology powers more than 500 global enterprises with over 1 million employees spread across 60 countries. Founded by Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni - Darwinbox’s new-age, hire-to-retire human capital management (HCM) platform helps enterprises empower, engage and elevate the potential of their workforce.
A deep understanding of the Asian context, ease of use (with mobile centricity), high level of configurability and faster time-to-value are key reasons why the product has seen immense traction in the enterprise segment. It competes with large tech companies
such as SAP, Oracle and other established vendors.
Globally, more enterprises are abandoning legacy offerings in favour of our modern, agile HCM (human capital management) platform that helps them stay ahead of change” said Jayant Paleti, co-founder of Darwinbox.
“We will work with Salesforce closely to maximize value to our customers, continue building out our product stack and accelerate global expansion.”
Some of their notable customers range from Asia’s largest conglomerates to fast-growing technology unicorns including Adani, Mahindra and Kotak. The other customers include TVS, Arvind, NSE, Nivea, Puma, Swiggy and Bigbasket. It would use the funds to accelerate digital HR adoption and deepen product offering.
“We will leverage the new investment to speed the introduction of exciting new solutions and advance R&D to deploy deep-technology capabilities,” said Chaitanya Peddi, co-founder, Darwinbox.
Darwinbox witnessed a massive surge in adoption during the pandemic. Their integrated product suite also came equipped with solutions that turned out to be critical for the new mode of work. This includes features like touchless attendance, digital rewards, employee engagement, digital hiring and onboarding. It did over 180 implementations remotely just during the lockdown and witnessed a record high revenue growth of 200 per cent.
Arundhati Bhattacharya, chairperson and CEO of Salesforce India said that India is home to one of the world’s youngest population, and by 2050, it is expected to account for over 18 per cent of the global working-age population.
“This makes technology platforms like Darwinbox, that focuses on workforces, incredibly important,” said Bhattacharya.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.