Darwinbox raises $40 Mn funding from Canada’s OTPP

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Software-as-a-service (SaaS) firm Darwinbox has secured $40 million in a funding round from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan.

Prior to this, the Hyderabad-based company had raised $140 million in March this year in Series D funding round from Partners Group and KKR along with participation from Gravity Holdings. It has raised $280 million till to date. Soon after the fundraise, it also announced an ESOP buyback plan worth $10 million. 

Co-founded by Jayant Paleti,…



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Darwinbox raises $40 Mn funding from Canada’s OTPP


Software-as-a-service (SaaS) firm Darwinbox has secured $40 million in a funding round from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan.

Prior to this, the Hyderabad-based company had raised $140 million in March this year in Series D funding round from Partners Group and KKR along with participation from Gravity Holdings. It has raised $280 million till to date. Soon after the fundraise, it also announced an ESOP buyback plan worth $10 million. 

Co-founded by Jayant Paleti,…



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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