Rohit Chennamaneni launched Darwinbox in 2015 with Jayant Paleti and Chaitanya Peddi. The company was incorporated on 20 November 2015 in Hyderabad. In August 2024 CTO Vineet Singh was named a co-founder.
The product is a cloud suite for HR, payroll and talent. In 2021 Gartner included Darwinbox in its Magic Quadrant for Cloud HCM Suites as the youngest Asian player. Salesforce Ventures invested about $15 million that year.
A $72 million Series D led by TCV in January 2022 made Darwinbox a unicorn. Microsoft invested in January 2023, and KKR and Partners Group put in $140 million in March 2025.
Revenue was about Rs 534 crore in FY25, and international markets made up 63 percent of new sales. The company is not yet profitable and has said it plans an IPO within two to four years. It launched the Cortex AI-native HCM product in August 2026.