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Darwinbox Completes INR 86 Cr ESOP Buyback

  • Darwinbox, an HR tech unicorn, completes an INR 86 Cr employee stock ownership plan (ESOP) buyback benefiting more than 350 employees across its 11 offices globally.
  • This is Darwinbox's third ESOP buyback in four years.
  • The cofounder Jayant Paleti expressed the company's commitment to sharing success with its employees and building a culture of ownership.
  • Founded in 2015, Darwinbox offers a cloud HR technology platform leveraging AI and ML for various HR solutions.
  • The company serves over 1000 companies globally, including Starbucks, McDonald’s, AXA, and Airtel.
  • Darwinbox saw a 58% increase in total revenue to INR 393 Cr during the financial year ended in March 2024, driven by overseas expansion and R&D investments.

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