Darwinbox Strengths, Domain Expertise, and Key Differentiators
Darwinbox stands out with its advanced AI integration, offering tools like Darwinbox Sense to enhance HR decisions and eliminate bias in recruitment. The platform is mobile-friendly, providing seamless access for employees, even in the field. Its adaptability to local regulations and practices across different regions makes it highly flexible. Recognized as a "Challenger" in the 2024 Gartner Magic Quadrant for Cloud HCM Suites, Darwinbox continues to expand globally, serving over 850 companies, including major names like WIO Bank and Lulu. These factors solidify its position as an innovative leader in HR technology.
Darwinbox Recent Developments
In September 2024, Darwinbox launched RIVeR (Review, Initiate, Verify & e-approve, Release & Report), an innovative system for 100% digital payroll processing, simplifying and automating this critical HR function.
In March 2025, Darwinbox secured an investment of $140 million from KKR and Partners Group, maintaining its valuation above $1 billion. The company plans expansion into the U.S., Middle East, and Southeast Asia, with the goal of achieving $100 million in annual revenue.
Darwinbox opened a new office at the Dubai International Financial Centre (DIFC) as part of its growth strategy in the Middle East and North Africa, with an ambition for 400% growth in the region.
Darwinbox Mergers and acquisitions (M&A) Activities
No M&A activities in the last 12 months.
Darwinbox Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Darwinbox applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Darwinbox and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Darwinbox customers.
Darwinbox Overview
Ownership: - x
Number of Employees: 1150
Functional Market: Absence Management, Workforce Analytics, Workforce Scheduling, Task Management, Time and Attendance, Core HR, Payroll, Sourcing, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, Succession Planning, Compensation Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
Darwinbox Key Cloud and HCM Applications
Darwinbox
Darwinbox HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Darwinbox Revenue Breakdown by Type:
Darwinbox HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
Darwinbox HCM Applications Revenues By Verticals, $M:
Darwinbox Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Darwinbox Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Darwinbox Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Darwinbox Customers
No. of Darwinbox Customers: 850
No. of Darwinbox HCM Applications Customers: 850
No. of Darwinbox Cloud HCM Customers: 850
No. of Darwinbox Cloud HCM Subscribers: 2.2 Million
Darwinbox's HR platform is trusted by over 850 firms, serving a workforce of more than 1,000,000 employees across 90 countries. Among its distinguished clientele are renowned entities such as ad-tech firm InMobi, fintech startup Paytm, beverage conglomerate Bisleri, automobile manufacturer Mahindra, Kotak Group, pharmaceutical players like Dr. Reddy's Laboratories and Emcure, as well as delivery firms Swiggy and Milkbasket. This broad spectrum of prestigious clients underscores Darwinbox's standing as a preferred HR solution provider in diverse industries worldwide.
Darwinbox Market Opportunities, M&A and Geo Expansions
Darwinbox is in a phase of dynamic growth and global expansion, with ambitious plans for the future. With a $140 million investment secured from Partners Group and KKR in March 2025, the company is focusing on enhancing its technological infrastructure and expanding its international presence, particularly in the Middle East and North Africa (MENA) region.
Darwinbox Risks and Challenges
Darwinbox's global expansion necessitates the integration of robust multinational payroll features, demanding careful focus in the foreseeable months and years. Adapting to diverse international markets and complying with varying regulatory frameworks and HR practices present potential risks. Diligent attention to developing an effective multinational payroll solution and strategic planning will be vital to ensure successful expansion while mitigating associated risks.
Darwinbox Ecosystem, Partners, Resellers and SI
Darwinbox formed a strategic partnership with Konverz.ai to integrate AI-based assessments into the recruitment process. This enables faster, more efficient, and unbiased hiring through the use of conversational AI and psycholinguistics.
Darwinbox is collaborating with Microsoft to integrate its platform with Microsoft Dynamics 365, Office 365, and Power BI, enabling advanced analytics and an enhanced user experience for employees. This partnership will also improve user productivity through integration with Microsoft Teams and Viva.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
