Darwinbox, the HR upstart from India, raises $140M to take on Deel and Rippling

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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.



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Darwinbox, the HR upstart from India, raises $140M to take on Deel and Rippling


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.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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