News Molecule
Sequoia-backed HR tech unicorn DarwinBox has obtained investments from Microsoft as a strategic investor. The monetary particulars of the funding weren’t disclosed.
DarwinBox would be the first HR tech SaaS-based platform from Asia with whom Microsoft may even collaborate and see integration between Darwinbox and Microsoft’s product ecosystem, and co-innovation on options to boost worker expertise.
Darwinbox’s mobile-first platform can have deep integrations with Microsoft’s platforms similar to LinkedIn, Dynamics 365 and Microsoft 365 platforms like Microsoft Groups, Microsoft Viva; and Azure Energetic Listing. Darwinbox has leveraged Microsoft’s Energy BI to additional increase its AI-based predictive analytics engine, to construct visible analytics dashboards, serving to workers throughout buyer organisations use information extra successfully and energy quicker enterprise choices.
Jayant Paletti, cofounder DarwinBox stated: “We have a customer base of close to 750 and almost 80-85 per cent of these customers are already using Microsoft ecosystem. This integration will further elevate that. This will also further add muscle to our global expansion plans.” DarwinBox has a big buyer base in India, and in South East Asia has presence in Singapore, Malaysia, Thailand, Vietnam, Philippines, and Indonesia.
DarwinBox, final quarter forayed into the US markets and earlier than that into the Center East geography. The partnership additionally features a go-to-market technique as effectively, which Paleti stated will likely be helpful within the new geographies that the corporate has forayed lately into.
“For Microsoft this will be the first such partnership in the HRMS space in Asia, wherein we are custom integration of DarwinBox offerings on top of Microsoft products. This will be unique for DarwinBox. And it is very interesting to see such a product platform coming from India,” stated Sangeeta Bavi, director- Startup Ecosystem Microsoft.
That is additionally one of many centered partnerships that Microsoft is creating with product-led startups in India, the place they create deeper partnerships.
With this collaboration Paletti can be positive that attending to the $100 million annual run fee (ARR) needs to be doable within the subsequent 2 years. Darwinbox providing cowl over 2 million workers from greater than 700 enterprises throughout 90 nations. A few of these manufacturers embody Nivea, Starbucks, Dominos, T-Techniques, AXA, Tokio, Cigna, JSW, Adani, Vedanta, Mahindra, Kotak, NSE, Ujjivan, Makemytrip, Swiggy and Tokopedia
Anant Maheshwari, President, Microsoft India, stated, “Across the country, organizations big and small are making possible new ways of doing business and we are pleased to work closely with leaders like Darwinbox, who are completely reimagining the frontiers of employee experience with the power of technology. Our collaboration with Darwinbox builds on our focus of co-innovating with our customers to empower organizations across India to do more with less.”
