Darwinbox Strengths, Domain Expertise, and Key Differentiators
Darwinbox is a comprehensive HR platform that manages the entire employee life-cycle, including recruitment, onboarding, employee management, payroll, leave & attendance, transfer, performance management, and exit management. By providing a unified platform, it streamlines recruitment and onboarding processes, alongside an advanced talent management system that caters to diverse performance philosophies. Additionally, Darwinbox's Open APIs seamlessly integrate with G Suite, Microsoft AD, and recruitment platforms, further enhancing its functionality and versatility.
Darwinbox Recent Developments
In November 2020, Darwinbox introduced the Universal Search feature to enhance user experience and streamline HR management. Additionally, Darwinbox's integration with WhatsApp during the COVID-19 crisis was a testament to its agility and adaptability, enabling enterprises to engage seamlessly with their HR processes.
In March 2020, Darwinbox unveiled its latest Android mobile application, optimized for efficiency with a remarkably low footprint of only 7 MB. Acknowledging the challenge posed by apps consuming approximately 70% of device memory, Darwinbox took a proactive approach to address this concern.
The decision to release the lightweight app with dynamic delivery stemmed from the recognition of staggering usage patterns among users. By adopting this approach, Darwinbox could effectively generate and deliver personalized features tailored to each user's profile configurations.
Darwinbox Mergers and acquisitions (M&A) Activities
Darwinbox's success has not gone unnoticed by investors. In January 2021, the company raised $15 million in a Series C financing round, led by Salesforce Ventures, along with participation from existing investors. This funding brought Darwinbox's total raise to approximately $35 million. Notably, in September 2019, the company secured $15 million in a Series B round led by Sequoia India, further bolstering its growth and expansion plans.
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 and Leave Management, Workforce Analytics, Scheduling, Task Management, Time and Attendance, Core HR, Payroll, Sourcing, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, Succession Planning, Compensation,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Darwinbox Key Cloud and HCM Applications
Darwinbox
Darwinbox HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | 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 | 2023 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 | 2023 Total Revenues, $M | 2023 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
| Region | 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 600 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
In October 2021, Darwinbox welcomed Shaswat Kumar, former APAC Head of Alight, as the Senior Vice President of Global Customer Success and Delivery. This strategic addition to the leadership team further reinforces Darwinbox's commitment to exceptional customer service and efficient delivery.
Additionally, the company achieved a significant milestone by making its debut in Gartner's Magic Quadrant (MQ) for Cloud HCM suites catering to enterprises with 1000+ employees. This recognition by Gartner, a leading research and advisory firm, underscores Darwinbox's position as a top-tier provider of cloud-based Human Capital Management solutions for large enterprises.
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 and UpsideLMS, a provider of cloud-based learning management solutions, have forged a mutually-beneficial strategic alliance. This collaboration aims to deliver a comprehensive HR learning ecosystem that encompasses various learning modalities, including Online, Offline (no-Internet-access), Formal (including Classroom Training and Virtual Classroom), Social, and Mobile learning.
By joining forces, Darwinbox and UpsideLMS offer companies a robust and unified solution to manage their HR activities and Learning & Development (L&D) interventions in a centralized, organized, and streamlined manner. This partnership empowers organizations with enhanced efficiency and effectiveness in their HR and training initiatives, promoting continuous employee development and growth.
Darwinbox Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Darwinbox Public Cloud and Infrastructure (IaaS)
- Darwinbox Platform (PaaS)
- Darwinbox Application Delivery
- Darwinbox Private Cloud and Data Centers
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
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