Darwinbox, a human resource (HR) technology platform, secured a $140 million investment co-led by Partners Group, a private markets investment firm, and KKR, a global investment company. Gravity Holdings also participated in the funding round.
“This investment is a testament to Darwinbox’s strong fundamentals and the trust we have earned from our 1,000+ global customer base,” said Jayant Paleti, co-founder of Darwinbox. “By placing the employee experience front and center — and ensuring our platform is deeply configurable to diverse local needs — we have helped transform HR for enterprises globally.”
Founded in 2015, Darwinbox provides an AI-enhanced human capital management platform. The company operates in multiple regions, including Asia Pacific, the Middle East, the United Kingdom, and the United States. Since entering North America two years ago, Darwinbox has strengthened its presence in the region. The company’s international revenue has grown fivefold over the last two years, with more than 60% of new revenue coming from global markets.
In the Philippines, Darwinbox has expanded its presence, working with over 10 conglomerates and doubling its growth year on year. The company recently introduced a multi-country payroll solution tailored for Filipino businesses.
“Darwinbox operates in the rapidly growing HR tech market, which we have been tracking through our thematic research,” said Cyrus Driver, managing director, Private Equity, Partners Group. “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.”
Over 3 million employees worldwide use Darwinbox’s platform for HR management.