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HR-tech co. Darwinbox closes Rs.86-Cr ESOP buyback
Hyderabad-headquartered HR-tech platform Darwinbox has completed Employee Stock Ownership Plan (ESOP) buyback worth INR 86 crore. This marks the third pay-out in the last four years. The buyback benefitted over 350 employees globally.Founded in 2015 by Jayant Paleti, Rohit Chennamaneni, and Chaitanya Peddi, Darwinbox is a cloud-based platform that helps with recruitment, payroll, employee engagement, talent management, and people analytics. It has also expanded to Indonesia, Singapore, the Philippines, Malaysia, Vietnam and Thailand.
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Between Jul-16 and Mar-25, DarwinBox had attracted about USD 250.7 M from3ONE4 Capital, Endiya Partners, Lightspeed Ventures, StartupXseed Ventures, Peak XV Partners, Salesforce Ventures, KKR, Partners Group, others.For FY24, DarwinBox had reported about INR 333 Cr in Operating Income and about INR 192 Cr in Net Loss.