Salesforce’s 1st India bet is a Hyd startup – Times of India

BENGALURU: Salesforce has made its first investment in India. Its venture arm, Salesforce Ventures, which has backed firms like Zoom, has led a $15-million financing in HR-tech startup Darwinbox.
The five-year-old startup helps organisations manage digitally their HR needs, including hiring, on-boarding, touchless attendance, and employee management. The company has seen a three times jump in revenue in 12-15 months, Darwinbox co-founder Chaitanya Peddi said. The growth was aided by the pandemic-induced demand for digital solutions.
Salesforce’s backing will help the Hyderabad-based firm to expand in new markets. It will also tap into the expertise of the US cloud solutions major for building new products. Peddi will also work with Salesforce India chairman Arundhati Bhattacharya to build partnerships and address market opportunities.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »