Darwinbox has announced the promotion of Vineet Singh from Chief Technology Officer (CTO) to Co-Founder, marking a significant milestone for the HR tech platform. Founded in 2015 by Jayant Paleti, Rohit Chennamaneni, and Chaitanya Peddi, Darwinbox specializes in comprehensive HR functions including employee onboarding, attendance, and payroll. The company has garnered support from global investors such as TCV, Microsoft, Salesforce Ventures, Peak XV, Lightspeed, and Endiya Partners.
Singh, who joined Darwinbox as the first recruit in 2015, has been instrumental in shaping the company’s vision and technological advancements. Under his leadership, Darwinbox has evolved into a sophisticated Human Capital Management (HCM) suite, featuring 15 modules and achieving rapid growth. Co-founder Chaitanya Peddi praised Singh’s contributions, highlighting his role in scaling the company’s engineering and R&D teams to a robust 400-member unit and his broader impact on Darwinbox’s success.
In his new role as co-founder, Singh will focus on accelerating technological innovation, particularly in integrating artificial intelligence (AI) to enhance platform capabilities and contextual intelligence.
Following a Series D funding round of $72 million led by TCV, Darwinbox achieved Unicorn status in 2022 and has since tripled its growth. The Hyderabad-based firm has expanded into the US and UK markets and counts clients such as BigBasket, PineLabs, Makemytrip, and Unacademy among its notable partners. Co-founder Rohit Chennamaneni has indicated that the company’s goal is to achieve profitability and go public by 2025.
