Page 13 - DARWINBOX PR REPORT MARCH 2025

3/7/25, 12:45 PM Darwinbox Secures $140 Million Investment to Drive Global Expansion
Darwinbox's growth trajectory has been recognized with its inclusion as a Challenger in the Gartner
Magic Quadrant for Cloud HCM Suites for enterprises with more than 1,000 employees in 2024. This
milestone makes Darwinbox the youngest and only Asian company to receive such recognition.

“This investment underscores Darwinbox’s strong fundamentals and the trust we have built with over

1,000 global customers,” said Jayant Paleti, Co-founder of Darwinbox. “By prioritizing employee
experience and ensuring our platform is adaptable to diverse local needs, we are transforming HR for
enterprises worldwide. With the backing of top-tier investors, we are poised to scale further and deliver
AI-powered solutions to thousands of businesses.”

Cyrus Driver, Managing Director, Private Equity at Partners Group, commented, “Darwinbox is a key
disruptor in the rapidly growing HR tech market. The company’s focus on product innovation,
generative AI, and global expansion positions it well to capture market share. We are excited to work
with Darwinbox’s talented management team to drive future growth.”

Akshay Tanna, Partner and Head of India Private Equity at KKR, added, “Darwinbox has quickly

established itself as a leader in the human capital management space through its innovation and
customer-centric approach. We look forward to leveraging our global network and expertise to support
its next stage of growth and international expansion.”

Darwinbox's HR platform serves over 3 million employees worldwide, including those at major brands

like Starbucks, Nivea, AXA, Cigna, WeWork, Crisil (an S&P company), and T-Systems. Recent
product rollouts, such as a multi-country payroll solution and enhanced GenAI features, highlight its
commitment to next-generation HR technology.

Partners Group’s investment comes through its growth equity strategy, which focuses on identifying
high-potential companies globally. The firm has invested approximately $2.5 billion in growth-stage

companies, including Lumin Digital, a digital banking provider, and Neara, an AI-powered
infrastructure modeling platform.

KKR’s investment is made through its Asia Next Generation Technology strategy, which supports
disruptive companies in consumer technology, software, and fintech. The firm’s recent investments in

India and the region include Rebel Foods, Lenskart, Livspace, KiotViet, and Privy.

With strong investor backing, Darwinbox is well-positioned to enhance its technological offerings and
expand its global footprint, reinforcing its role as a key player in the evolving HR technology
landscape.

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