Darwinbox raised $72 million in January this year. With this, its valuation had crossed one billion dollars and it has come under the category of unicorn.
Image Credit source: Startup Story
Darwinbox IPO : Darwinbox, a human resources technology company with a valuation of over $1 billionHR Tech Company Darwinbox) may bring an initial public offering (IPO) in the next three years. The company’s co-founder Rohit Chennamaneni held a press conference on Monday (Press ConferenceGiving information, he said that the city-based company has a lot of hope of turning profitable by 2025. Presently, promoters of Darwinbox hold more than 30 per cent stake in the company, while the rest is with investors. Investors include TCV, Salesforce Ventures, Sequoia, Lightspeed and Endiya Partners.
The co-founder of the company says that at this time we plan to bring an IPO in the next three years. Right now we are planning our expansion. When you look at the IPO, I think broadly as a business, we want to be a global business serving enterprise across the globe. He declined to share details of the proceeds, saying that Darwinbox does not currently have any plans to raise funds, but we are looking for some strategic investors.
Darwinbox raised $72 million in January this year. With this, its valuation had crossed one billion dollars and it came under the category of unicorn. He said the company has around 700 employees in Hyderabad and in the next six months the company will add 300 more.
Company will add 300 more employees
On the business front, the firm has a strong presence in India, followed by Southeast Asia, Singapore, Thailand, Indonesia, the Philippines and Malaysia, and the Middle East region, Chennamaneni said. The company’s co-founder said that Darwinbox recently started its operations in the United States and will be launched in Japan, Australia and New Zealand. He said that the company has around 700 employees in Hyderabad and in the next six months the company will add 300 more employees.
English News Headline : Darwinbox may bring IPO in next three years.