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.