Cloud technology

Sequoia invests in Indian HR management startup

American venture capital firm leads Darwinbox's $15 million funding.

Darwinbox, an Indian cloud-based human resources management startup, has raised $15 million in its series B round of funding led by Sequoia Capital.

The four-year-old startup said existing investors Endiya Partners, Lightspeed India Partners and 3one4 Capital also committed in the latest funding round. Announced on Thursday, it came about two years after the company raised $4 million in June 2017.

Founded in August 2015, Darwinbox operates a cloud-based platform that allows employers to handle all HR needs from payments and cash reimbursements to attendance and performance records. The company has over 200 clients, including well-known Indian companies like Mahindra, Kotak...

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