Darwinbox, an Indian startup building a SaaS platform for hiring, onboarding and employee administration, has raised $140 million to take on the likes of Rippling and Deel as it seeks to expand internationally, especially in the U.S.
The funding is being co-led by KKR and Partners Group, and is a mix of primary and secondary share sales, with several unnamed investors selling parts of their stakes. Darwinbox’s investor list includes the likes of Microsoft, Salesforce, Sequoia, TCV, Peak XV (formerly Sequoia India) and Lightspeed.