Latest news with #Darwinbox
Business Upturn
8 hours ago
- Business
- Business Upturn
Darwinbox Completes 3rd ESOP Buyback in 4 Years, Reinforcing Commitment to Share Success with Employees
Darwinbox, a leading global provider of AI-powered HR technology, has successfully completed an INR 86 crore Employee Stock Ownership Plan (ESOP) buyback, the third such program in just four years. Over 350 employees spread across the company's 11 global offices in India, North America, Southeast Asia, and the Middle East, benefited from this buyback round. This marks Darwinbox's third buyback in just four years, reflecting the company's continued commitment to rewarding the people behind its growth and building shared success as it scales globally. 'At Darwinbox, we've always believed that those who help build value should share in it. Even as we invest deeply in innovation and global growth, we remain equally committed to creating meaningful outcomes for our people. This buyback, like the ones before, reflects our belief in sharing success with our people and building a culture of ownership,' said Jayant Paleti, Co-founder, Darwinbox. 'Talent has always been at the heart of what we do at Darwinbox, and we've been intentional about ensuring they grow with the company—not just in impact, but also in wealth creation. Some of the best minds from the industry have joined us to help shape the future of work. As we double down on R&D to power an AI-first world, we're excited to welcome great talent on this journey,' said Chaitanya Peddi, Co-founder at Darwinbox. In March 2025, Darwinbox added global private equity giants Partners Group and KKR to its cap table through a $140 million deal—further strengthening its position to lead on two critical fronts: deep technology innovation and global market expansion. That momentum is evident in a series of breakthrough AI product launches. Darwinbox recently became the first-ever HCM platform globally to launch an MCP (Model Context Protocol) Server, enabling any compatible AI agent to interact securely with HR data and workflows on the platform. The company's GenAI engine, Darwinbox Sense, now delivers over 40+ embedded AI capabilities, driving smarter decisions and elevated experiences. Darwinbox also recently rolled out a multi-country payroll solution across 10 new geographies within the last year, solidifying its capability to serve complex global organizations. Darwinbox powers modern HR technology experiences for over 4 million employees across 1000+ enterprises, from large conglomerates to high-growth tech companies. Brands like Starbucks, McDonald's, AXA, Cigna, WeWork, Airtel, and Vedanta trust the platform to power their people strategies at scale. The trust of its customers is paralleled by analyst recognition. Darwinbox has been named a Customers' Choice on Gartner Peer Insights for four years in a row. It is also the youngest and only Asian company to be recognized as a Challenger in the Gartner Magic Quadrant for Cloud HCM Suites for enterprises with over 1,000 employees, validating its growing global influence in a space long dominated by legacy players. Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Time of India
9 hours ago
- Business
- Time of India
Darwinbox buys back $10 million ESOPs with 3rd such round in 4 yrs
Hyderabad: HRTech unicorn Darwinbox has completed a Rs 86 crore ($10 million) employee stock ownership plan (ESOP) buyback, marking its third and largest such buyback programme in the past four years. Over 350 employees located across the company's 11 global offices in India, North America, Southeast Asia, and the Middle East benefited from this buyback round, which was offered to reward employees, the Hyderabad-based unicorn said on Monday. In March 2025, Darwinbox added global private equity giants Partners Group and KKR to its cap table through a $140 million deal that was aimed at strengthening its position in deep technology innovation and global market expansion. 'At Darwinbox, we've always believed that those who help build value should share in it. Even as we invest deeply in innovation and global growth, we remain equally committed to creating meaningful outcomes for our people. This buyback, like the ones before, reflects our belief in sharing success with our people and building a culture of ownership,' said Darwinbox Co-founder Jayant Paleti. 'Talent has always been at the heart of what we do at Darwinbox, and we've been intentional about ensuring they grow with the company—not just in impact, but also in wealth creation. Some of the best minds from the industry have joined us to help shape the future of work. As we double down on R&D to power an AI-first world, we're excited to welcome great talent on this journey,' said Chaitanya Peddi, Co-founder, Darwinbox.
Time of India
9 hours ago
- Business
- Time of India
Darwinbox completes Rs 86-crore Esop buyback from 350 employees
Software-as-a-service unicorn Darwinbox, which specialises in human resource (HR) services, has completed a Rs 86-crore employee stock ownership plan (Esop) buyback, it said in a statement. This is Darwinbox's third such programme in four years through which more than 350 employees have sold their stock options to the company. The company did not disclose the amounts of its previous Esop buybacks but said this was Darwinbox's largest such exercise. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally In Esop buybacks, companies typically facilitate secondary purchases of Esops by external investors. However, in Darwinbox's case, the company itself is purchasing these stock options from its employees. Besides Darwinbox, several new-age companies have concluded Esop buybacks over the last year. These include IPO-bound at-home services platform Urban Company, society management app Mygate, ecommerce firm Meesho, edtech startups Classplus and Adda247, and managed healthcare provider Even Healthcare. Live Events 'Talent has always been at the heart of what we do at Darwinbox, and we've been intentional about ensuring they grow with the company, not just in impact, but also in wealth creation,' Chaitanya Peddi, cofounder of Darwinbox, said in the statement. 'Some of the best minds from the industry have joined us to help shape the future of work. As we double down on R&D to power an AI-first world, we're excited to welcome great talent on this journey.' Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories In March 2025, the company closed a $140 million funding round co-led by global private equity firms Partners Group and KKR . This was largely a secondary round with a blended valuation of $950 million. In a secondary transaction, shares are exchanged between two investors and the money does not go into the company's accounts. Lightspeed, which was one of Darwinbox's earliest investors, had partially sold its stake through secondary transactions. The company's total revenue for FY24 rose by 58% year-on-year to Rs 392 crore after continued investments in R&D, a growing international footprint, and stronger engagement from existing customers. The startup is targeting over 50% revenue growth in FY25, in line with last year's growth, ET had reported earlier. Darwinbox's platform is used by over 4 million employees across more than 1,000 enterprises, including companies such as Starbucks, McDonald's, AXA, Cigna, WeWork, Airtel , and Vedanta .
Business Standard
13-05-2025
- Business
- Business Standard
Darwinbox Becomes First HCM Platform Globally to Launch its Own Model Context Protocol (MCP) Server
BusinessWire India Hyderabad (Telangana) [India], May 13: Darwinbox, a leading global provider of AI-powered Human Capital Management (HCM) solutions, today announced the launch of its Model Context Protocol (MCP) Server, becoming the first major HCM platform globally to do so. With this launch, any MCP-compatible AI agent within a customer's environment can now securely interact with Darwinbox--initiating actions, accessing contextual data, and powering intelligent, cross-system workflows across the enterprise. Enterprise knowledge today is siloed across HCM, Finance, CRM, and other systems, making cross-functional workflows dependent on complex integrations and manual stitching. MCP changes this by becoming the common language for AI agents to access and act on unified context across all applications in an enterprise. "We've always believed that innovation compounds when built for openness. Agentic AI demands a new path--one where intelligence flows freely and securely, compounding value across the ecosystem. While we'll keep building deep, differentiated AI at Darwinbox, we won't do it alone. We're opening up, so our customers, partners, and their ecosystems can become smarter and more connected than ever before." said Chaitanya Peddi, Cofounder, Darwinbox. "With our own MCP Server, we're empowering customers to build AI agents that collaborate securely across systems--breaking down silos, simplifying work, and unlocking a new era of enterprise-wide intelligence." he added. Introduced by Anthropic only 6 months ago, MCP has been adopted by leading AI players like OpenAI, Google's Gemini, and Microsoft, among others. By launching its MCP Server, Darwinbox becomes the first HCM provider globally to enable true AI agent collaboration, unlocking new possibilities for enterprises. How Enterprises Will Benefit: 1. Unified Enterprise Intelligence and Autonomous Agent Actions: Darwinbox's MCP Server empowers organizations to build MCP-compatible agents that break down data silos, providing contextual insights across multiple business functions for faster and more informed decision-making. For instance, an AI agent could correlate sales performance data from a CRM with talent management data from Darwinbox and automatically trigger a targeted training program to address identified skill gaps. 2. Simplifying Work: A Seamless Experience for Empowered Employees: For employees, this translates into a radically simplified and more productive work experience. No more navigating multiple applications or manually piecing together information for routine tasks. An employee could simply ask, "Suggest the best time to take leave over the next 3 months." An intelligent agent could then analyze their leave balance, project deadlines, team availability, and even personal calendar conflicts, orchestrating the entire process and initiating the leave request and informing stakeholders - all in one go, freeing the employee from manual effort and context switching. Key features of Darwinbox MCP Server include: * Remote MCP Server with Discoverable Tools: Darwinbox's MCP Server exposes a growing set of core HR functionalities as discoverable tools for any MCP-compatible agent. With 20 tools already live and over 100 in development, this enables agents to perform structured actions such as fetching employee details, initiating leave requests, or managing approvals natively and securely. * Seamless Integration via Darwinbox Studio: Darwinbox Studio, the platform's low-code iPaaS, can be used by customers to build customized integrations with 3rd party apps and their internal systems. These custom integration recipes along 300+ pre-built connectors will automatically be available as tools in the Darwinbox MCP Server. Agents can invoke these tools and thereby trigger org-specific integrations on demand, enabling intelligent orchestration while retaining control. * Native Darwinbox Agents Built on MCP Infrastructure: Darwinbox is developing function-specific native AI agents and agentic capabilities. These agents will leverage the same MCP Server infrastructure, ensuring consistent orchestration, interoperability with external agents, and a scalable foundation for future agentic workflows. * Enterprise-Grade Security and Governance: Every tool exposed via Darwinbox MCP Server respects underlying API-level ACLs and role-based access controls, ensuring secure, compliant interaction by any authorized agent. Darwinbox MCP server is now available for select customers and partners in beta. For more information about Darwinbox's MCP Server, visit here.
The Wire
13-05-2025
- Business
- The Wire
Darwinbox Becomes First HCM Platform Globally to Launch its Own Model Context Protocol (MCP) Server
Enabling Seamless and Secure Collaboration Between AI Agents and Enterprise Systems Hyderabad, Telangana, India – Business Wire India Darwinbox, a leading global provider of AI-powered Human Capital Management (HCM) solutions, today announced the launch of its Model Context Protocol (MCP) Server, becoming the first major HCM platform globally to do so. With this launch, any … Continue reading "Darwinbox Becomes First HCM Platform Globally to Launch its Own Model Context Protocol (MCP) Server"
