Microsoft invests in Hyderabad-based Darwinbox
- ByStartupStory | January 17, 2023
According to Bloomberg, Microsoft has invested in Darwinbox, a Hyderabad-based human resources software company, as more corporate customers seek an advantage in retaining talented employees.
The unnamed equity investment was made as an extension of Darwinbox’s Series D round, which valued the company at more than $1 billion in early 2022, the startup said in a statement on January 17.
According to the VCCircle report, as part of the collaboration, Darwinbox will use Microsoft Azure for its human capital management SaaS (software-as-a-service) platform.
With employee experiences and artificial intelligence-powered technology, its SaaS platform meets HR needs across the entire employee lifecycle.
Darwinbox was founded in Hyderabad, India, in 2015, and has its international headquarters in Singapore. It has over 700 enterprise clients.
The company claims to have clocked a 2 times revenue growth since its Series D funding round in early 2022 which helped it turn into a unicorn startup, the report further added.
Also Read
Follow Startup Story
Related Posts
