Darwinbox Strengths, Domain Expertise, and Key Differentiators
Darwinbox is an HR platform that takes care of all HR needs across the employee life-cycle, from recruitment, onboarding, employee management, payroll, leave & attendance, transfer, and performance management to exit management. It acts as one platform to streamline the recruitment and on-boarding process and has an evolutionary talent management system catering to every performance philosophy. Darwinbox Open APIs integrate with G Suite, Microsoft AD, and recruitment platforms.
In March 2020, Darwinbox launched its new lighter Android mobile app, which was as low as 7 MB. With apps occupying more the ~70% of device memory, it is challenging app developers to be more efficient. These staggering usage patterns are what drove Darwinbox to push out the lighter app with dynamic delivery to generate and serve personalized feature delivery for each user's profile configurations. These features were specifically focused on addressing the unique needs of its users, and to help client organizations ramp up adoption for all employees, ranging from the ground-level workforce to executives.
Darwinbox Recent Developments
In November 2020, Darwinbox introduced Universal Search feature for its HR platform, for better management and improving overall user experience.
Darwinbox has integrated with WhatsApp amid the COVID-19 crisis, which made it one of first HRMSs that allows enterprises to engage with their HR Tech on WhatsApp.
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: 1000
Functional Market: Absence and Leave Management, Workforce Analytics, Workforce Scheduling, Task Management, Time and Attendance, Core HR, Payroll, Sourcing, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, Succession and Leadership Planning, Compensation Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, 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 | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud 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:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Darwinbox HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % | 2021 HCM Revenues, By Sub-Functional Markets, $M | |
Darwinbox HCM Applications Revenues By Verticals, $M:
Darwinbox Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 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: 650
No. of Darwinbox HCM Applications Customers: 650
No. of Darwinbox Cloud HCM Customers: 650
No. of Darwinbox Cloud HCM Subscribers: 1.5 Million
More than 600 firms, use Darwinbox’s HR platform to serve 1,000,000+ employees across 90 countries including giants such as ad-tech firm InMobi, fintech startup Paytm, drink conglomerate Bisleri, automobile maker Mahindra, Kotak group, Pharma players like Dr. Reddy's Laboratories, Emcure, and delivery firms Swiggy and Milkbasket.
Darwinbox Market Opportunities, M&A and Geo Expansions
In October 2021, ex-Alight APAC Head Shaswat Kumar joined Darwinbox as the Senior VP of Global Customer Success and Delivery, and Darwinbox made its debut into Gartner's Magic Quadrant (MQ) for Cloud HCM suites for 1000+ employee Enterprises.
In January 2021, Darwinbox raised $15 million in a new Series C financing round which was led by Salesforce Ventures, the venture arm of the American enterprise giant. Existing investors, including Lightspeed India and Sequoia Capital India, also participated in the round, which brings the five-year-old startup’s raise to date to about $35 million.
In September 2019, Darwinbox raised $15 million in a new financing round. The Series B round, which moved the firm’s total funding to $19.7 million, was led by Sequoia India and saw participation from existing investors Lightspeed India Partners, Endiya Partners, and 3one4 Capital. While the company will continue to invest in growing market share in India, it will also spend money to expand its business in Southeast Asia, which is in a similar stage of maturity. Apart from its international expansion, Darwinbox will utilize the fresh funds to grow its leadership team, both in India and Southeast Asia, invest in R&D around artificial intelligence and machine learning, and add new features to its product.
Darwinbox Risks and Challenges
The global expansion will require multinational payroll features that Darinbox will need to pay special attention in the upcoming months/years.
Darwinbox Ecosystem, Partners, Resellers and SI
Darwinbox and UpsideLMS, a provider of cloud-based learning management solutions entered into a mutually-beneficial strategic alliance to offer businesses an HR learning ecosystem including support for Online, Offline (no-Internet-access), Formal (including Classroom Training and Virtual Classroom), Social and Mobile learning. Together, Darwinbox and UpsideLMSo will be able to provide a robust solution to companies that are looking for a single platform to manage their HR activities and L&D interventions in a centralized, organized, and streamlined fashion.
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:
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