The Software as a Service startup raised $72 million through a funding round led by Technology Crossover Ventures . This boosted its valuation past $1 billion.
Darwinbox provides a cloud-based platform that caters to digital HR needs in all industries across the entire employee lifecycle, from the recruitment and onboarding process to streamlined employee data and work force management. With a 300% revenue growth year on year, the platform aims to grow the team by three times in the Philippines in order to sustain this momentum, added Mr. Jerusalem.
He also noted the wide range of industries that can benefit from Darwinbox, including retail, banking and finance, manufacturing, which has a large number of blue-collar workers, and fast-growing startups that want systems to sustain their growth.
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