Darwinbox's Success Stimulates SaaS Industry

Summary

Human resources technology platform Darwinbox has secured US$72 million in a funding round from several investors, bringing its valuation to exceed US$1billion and practically making it a unicorn company. Darwinbox Co-Founder Jayant Paleti stated that this investment highlighted Darwinbox's mission to keep developing technology allowing various companies to bring out the best in their employees.

"We build a product that focuses on employees and creates meaningful experiences for them. Over the past two years, our product has become widely recognized in the workforce," he said on Wednesday. The funding round was led by Technology Crossover Ventures (TCV) and consisted of several existing investors, such as Salesforce Ventures, Sequoia, Lightspeed, SCB 10X, JGDEV, Endiya Partners, and 3One4Capital.

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