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Sequoia India leads $15 million round in HR-tech startup Darwinbox

The start-up is targeting growth in South East Asia market Singapore and Indonesia

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2 min read Last Updated : Sep 26 2019 | 12:40 PM IST

Sequoia Capital India has led a $15-million round in Darwinbox, a human resources (HR)-tech start-up that focuses on the Asia market. The series B round also saw participation from the company's existing investors Lightspeed India Partners, Endiya Partners and 3one4 Capital.

The deal marks a growing interest in the HR-tech platforms that are replacing age-old systems from employee management to hiring and reimbursement management, a space that now has over a dozen players. Sequoia is also an investor in Belong, a recruitment platform.

“Recruiting, retaining and upskilling talent is a top priority of every company today,” said Harshjit Sethi, Principal, Sequoia. “Darwinbox is the clear emerging leader in the fast-growing cloud-based HR management software space in Asia,” he said.