Darwinbox, a rapidly growing AI-powered human capital management (HCM) platform, today announced a $40 million investment from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan.
Darwinbox is accelerating its global expansion, especially in North America, through a new partnership and continued investment in AI-driven HR solutions. The company supports over 1,000 enterprises and 4 million employees across 130 countries, including major brands such as Starbucks, Adidas, and Zara.
TVG has acquired a stake, joining investors like KKR and Microsoft, to help scale Darwinbox internationally. Recognized by Gartner and Forrester for its innovation and user experience, Darwinbox is expanding into key markets worldwide.
Advisor/support: Avendus Capital acted as the financial advisor and investment banker to Darwinbox in this transaction.
KEY QUOTES:
“We are pleased to partner with an exceptional team that has built and scaled Darwinbox into a leading HR technology company. With an easily customizable, AI-powered full-stack offering, and customer centricity at its core, Darwinbox continues to drive impressive adoption across large enterprises globally. We look forward to bringing our global network and expertise to support the company’s future growth.”
Darius Vakil, Director of TVG in India
“We’re thrilled to welcome TVG as partners in our next stage of scaling. HR tech, when done right, can unlock outsized value for every enterprise, yet the old guard of HCM vendors still falls short of that leap. Darwinbox exists to change that story, building the next-gen HCM company, global by design, AI‑first at the core, and relentlessly focused on customer outcomes.”
Jayant Paleti, Co-Founder of Darwinbox
