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Darwinbox, a HR tech startup, raises capital from multiple funds including Mohandas Pai’s 3one4

By   /  July 25, 2016  /  Comments Off on Darwinbox, a HR tech startup, raises capital from multiple funds including Mohandas Pai’s 3one4

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Hyderabad: Darwinbox, a HR Technology and Analytics platform, has recently concluded their first funding round with participation from Endiya Partners, Startupxseed Ventures, 3one4 capital – Mohandas Pai’s investment vehicle capital and Tracxn Labs. The HR tech company said that the funds raised will be used for product development, enhancing customer experience and expanding across India.

Darwinbox HR is a cloud-based integrated HR Technology platform which takes care of an organization’s HR needs across the entire employee life cycle starting from Recruitment to Core transactions (Leaves, Attendance, Directory), Payroll, Employee Movement, Employee Engagement, Talent Management and People Analytics. The company said in a statement that its HR Technology product is an integrated & modern HR SaaS platform that has received extremely strong feedback from the market. It already has 25,000+ employees using the platform and has marquee clients including Delhivery, Swiggy, Voonik, Sai Life Sciences, etc.

The HR tech company which started in 2015 has a 3 member founding team: Rohit Chennamaneni; Jayant Prasad Paleti;  and Chaitanya Peddi.

“With Darwinbox HR, we want to engage and empower employees on one side while automating and simplifying HR processes on the other. The focus is on more strategic elements of Employee Lifecycle like Engagement, Performance Management and Recruitment while perfecting the basic modules like Leaves, Attendance and Payroll Management.”  said Rohit Chennamaneni, co-founder of the company.

 “This round of funding will help us strengthen our product offering  and enhance customer experience, and will further our mission of building great products that will enable the HR function to become a source of competitive advantage for organizations”,  said Jayant Prasad Paleti, co-founder of  Darwinbox.

Mohandas Pai, investing via 3one4 Capital, said “Darwinbox has assimilated the many years of the founding team’s experience in the space to solve for a powerful value proposition. The solution not only caters to full-stack workflows in the domain, it also helps companies engage their employees over multiple channels, added  Mohandas Pai.

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