Darwinbox Secures $40 Million Funding from OTPP for HR Solutions Expansion

Darwinbox, a Hyderabad-based HR solutions provider, has secured $40 million funding from Ontario Teachers' Pension Plan's Teachers' Venture Growth. The investment comes after the company's March funding round, which saw private equity firms KKR and Partners Group join its cap table. Darwinbox is now valued at $1 billion and plans to achieve $100 million in annual recurring revenue by December 2025.

Darwinbox, a Hyderabad-based HR solutions provider, has secured $40 million in funding from Ontario Teachers' Pension Plan's Teachers' Venture Growth (TVG). The investment, announced on August 14, 2025, follows a previous funding round in March 2025 where private equity firms KKR and Partners Group joined the company's cap table. With this new funding, Darwinbox is now valued at $1 billion and aims to achieve $100 million in annual recurring revenue (ARR) by December 2025 [1].

The funding from TVG will accelerate Darwinbox's North American expansion and support its agentic AI innovation efforts. The company has been growing rapidly, tripling its year-on-year growth since entering the North American market and serving global enterprises like EXL, Virtusa, Orion Innovation, and Adidas [1]. Darwinbox's AI-powered Human Capital Management (HCM) platform is trusted by over 4 million employees across 130 countries.

Darwinbox's mission is to redefine enterprise HR with AI-first innovation and rapid global expansion. The company's platform supports the Model Context Protocol (MCP), enabling AI agents to interact securely with Darwinbox. This technology is lauded by industry analysts such as Gartner and Forrester for its deep functional breadth and outstanding user experience [1].

With this latest funding, Darwinbox continues to build on its strong foundation of customer-centric innovation. The company's strategic focus on AI and global expansion positions it well to capture a significant share of the growing HR tech market. As Darwinbox looks to the future, its ability to deliver on its ambitious growth targets will be closely watched by investors and financial professionals alike.

References:

[1] https://www.morningstar.com/news/business-wire/20250814584280/darwinbox-secures-us40-million-from-teachers-venture-growth