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Asia HR tech platform Darwinbox becomes unicorn with TCV-led $72 million funding

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Asia HR tech platform Darwinbox becomes unicorn with TCV-led  million funding

HR tech platform Darwinbox more than tripled its valuation in a new $72 million funding round, making it a unicorn as the Indian startup spearheads what investors call the “SaaSization of Asia.”

Investor Technology Crossover Ventures (TCV), known for backing companies including Netflix, Meta, Spotify and Airbnb, led the Hyderabad-based startup’s $72 million Series D funding round.

Existing investors including Lightspeed Venture Partners, Sequoia Capital India, Salesforce Ventures, 3One4 Capital, Endiya Partners, and SCB 10X also participated in the round, which brings Darwinbox’s historical fundraising to over $110 million and a valuation of over $110 million. $1 billion. said the six-year-old startup.

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Darwinbox operates a cloud-based human resource management platform. The startup’s eponymous platform manages employees’ needs throughout the “hire-to-retire” cycle. Hundreds of companies, including Starbucks, Domino’s, recently turned decacorn Swiggy, Tokopedia, Zilingo and Kotak, use the startup’s platform to handle the onboarding of new employees, understand their performance, attrition and build a Continuous feedback loop.

The new funding comes after a year of strong growth for Darwinbox. In an interview with TechCrunch, co-founder Chaitanya Peddi said the pandemic has accelerated Darwinbox’s growth as companies around the world scramble to find tools to coordinate and serve their employees.

The startup said its revenue doubled last year and tripled in Southeast Asia, accounting for about 20% of its total revenue.
The startup’s full-stack products — including a social network to keep employees connected and an AI assistant that can request time off or schedule meetings with quick voice commands from their phones — helped cement its status as the only Asian Gartner Featured startups in the Magic Quadrant for Enterprise Cloud HCM.

The breadth of offerings probably explains why one-third of Darwinbox’s customers today are people who previously used Oracle, SAP, and Workday’s more mature platforms.

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Gopi Vaddi, general partner at TCV, said in a statement: “We are most excited about investing in visionary founders who are fundamentally changing large industries with highly resonant products.”

“I’m excited to support an amazing team that has done this in a highly impactful, fast-moving HR technology space, and to partner with them on their journey to global HCM leadership.”

Dev Khare, a partner at Lightspeed Venture Partners, said Darwinbox is part of a wave of startups built for the world from Asia. “I’m a big believer in the SaaSization of Asia. I’m seeing an increasing market traction for Asia-facing SaaS companies, which is a sea change from what I observed five years ago,” he said on LinkedIn in 2019. wrote in the post.

Complete News Source : techcrunch

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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