Even in this technologically updated world where everything is mechanical and automated, the value of human resource cannot be neglected because every firm knows that it needs a capable HR team to be successful in the long run of business. However, the process of HR can be very lengthy and tiring at times. Right from recruiting, on boarding to training and then separations, this work requires a lot of time. So, in order to minimize the efforts put in managing the HR tasks and maximizing its efficiency, three people from Hyderabad came up with the idea of a startup named DarwinBox.
DarwinBox is everything that a company needs to run its HR functions smoothly. This startup takes care of all the requirements of an employee’s life cycle which includes Recruitment, Core transactions (Leaves, Attendance, and Directory), Payroll, Employee Movement, Employee Engagement, Talent Management and People Analytics.
DarwinBox was founded in 2015 by three alumni from IIM, IIT and XLRI respectively. The founders Rohit Chennamaneni, Jayant Prasad Paleti and Chaitanya Peddi have great experience and have worked with huge firms like McKinsey, Google and EY. They founded DarwinBox with an aim of providing a platform that would make HR strategic as well as intelligent. The startup merged every solution right from the payroll, hiring, candidate sourcing, and referral management, employee management with easy documentation which could be further used and analyzed. DarwinBox works on the basis of a SaaS model where a subscription fee is charged per employee per month. The pricing of this startup is based on “pas as you go” model which allows its clients to expand and grow without having to worry about restrictions like license and IT infrastructure limitations. The startup already has subscriptions of around 50,000+ employees with clients like Delhivery, Ekart, Sai Life, Swiggy etc. In addition, it also raised a round of funding from 3one4 Capital), Endiya Partners, Startup Xseed and traxcn labs in July, 2016.