Hyderabad-based Darwinbox to go global

The company also plans to enter into Australia, Middle East, New Zealand and Africa in three years from now, in a phased manner.

By Author  |  Published: 30th Jun 2019  12:05 amUpdated: 3rd Jul 2019  9:17 pm
Darwinbox
Darwinbox co-founder Jayant Paleti says his team is building new tools using artificial intelligence

Hyderabad: Hyderabad-based new age HR platform Darwinbox, which has spread its operations in Delhi, Mumbai and Bengaluru is planning to enter into Southeast Asia by creating a base in Singapore, which will act as its headquarter for the region. The company also plans to enter into Australia, Middle East, New Zealand and Africa in three years from now, in a phased manner.

The company has established its clientele in Singapore and wants to tap opportunities in Malaysia, Indonesia, Vietnam, Philippines and Thailand. Over the course of 2019, the company will have staff employed in all these nations.

Darwinbox’s platform takes care of all HR needs across the employee life-cycle- from recruitment, onboarding, employee management, payroll, leave, transfer, and performance management to exit management. It also acts as a one-stop shop to streamline the recruitment and on-boarding process and has an evolutionary talent management system. Its solutions combine workflow with intelligent insights and smart interfaces.

Started in 2015, the company founded by Rohit Chennamaneni, Chaitanya Peddi, and Jayant Paleti, currently has over 4.5 lakh employees using the platform from 170 clients including Paytm, Myntra, Grofers, Delhivery, Spencer’s, Ekart, Nivea, Swiggy, GVK Bio and IMI Mobileetc. The company serves from four year-old unicorns to 150-year old legacy companies. It serves companies from across verticals including e-commerce, retail, chemicals, pharma and life sciences research.

Performance metrics

Jayant Paleti, co-founder and Sales Head, Darwinbox, told Telangana Today, “Our platform helps companies with performance metrics of employees that helps management towards designing their role progression. Our product suits large enterprises which have an employee base of over 2,000. We realised over the years that companies had deployed tools for financial and customer insights but lacked reliable platforms that could help to look at the human resource needs, which was long neglected.”

“We had been making configurations in the cloud that suit each client. Almost 90 per cent of our platform is uniform across clients and we tweak a little if a client has any unique expectation or need. The platform has been highly suitable to companies with white collar staff,” he added.

Darwinbox is using artificial intelligence (AI) and machine learning (ML) to make deeper offerings in the HR space to streamline employee life cycle for companies. The company is helping recruiters in scheduling recruitments and is building AI engines that can predict attrition to give early warning signs. It is doing several experiments in this direction.

The company has specialised in its talent management suite. It has also introduced the concept of continuous feedback that enables providing longer performance metrics to management to gauge employee contribution. Making feedback continuous helps eliminate any bias in the system.

Fund raising 

The 200-employee Darwinbox is backed by investments from the likes of Mohandas Pai, Sateesh Andra (ex DFJ head) and silicon-valley based investor Lightspeed Ventures. The first round of investment was raised in 2016, followed by the second round in 2017. Over the two rounds, the company has raised $5 million.

The company is currently at a breakeven level. The company aims to be the market leader in the HR SaaS and Enterprise space in two years and make meaningful headway in Southeast Asia.

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