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Darwinbox sees revenue jump 58% to Rs 393 Cr in FY24 on R&D and international expansion

  • Darwinbox, a SaaS unicorn, reported a revenue of Rs 393 crore in FY24, marking a 58% increase from the previous year.
  • The growth is attributed to R&D investments, international expansion, and increased revenue contributions from existing customers.
  • The company also saw improved efficiency, with operating cash burn decreasing by 12% and a 17 percentage point improvement in EBITDA margin.
  • Darwinbox has expanded its presence to Southeast Asia, the Middle East, North America, and plans to launch a new global payroll product.

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