Salesforce is a cloud-based software company that offers customer relationship management service. It also provides enterprise applications that focus on customer service, analytics, marketing automation, as well as application development. It is headquartered in San Francisco, California, America. Salesforce’s investment in Hyderabad startup-Darwinbox has created a buzz recently. Let’s read a bit more on that.
So recently, Salesforce Ventures, a venture arm of Salesforce, has invested for the first time in an Indian HR-tech startup company named, Darwinbox. Salesforce’s investment in Hyderabad startup-Darwinbox has churned the popularity of the company.
The five year old startup helps establishments manage their human resources needs digitally. This includes hiring, and employee management too. They have received an investment of around $15 million.
The co-founder of Darwinbox, Chaitanya Peddi said that the company has had a huge jump in profits since the last 12-15 months.
Benefits of Salesforce’s investment in Darwinbox:
- This huge investment will help Darwinbox expand hugely in new markets.
- This is also a great opportunity for Darwinbox to make and build new products as well.
- Also, Arundhati Bhattacharya – the Salesforce India chairman will work with Peddi to build healthy partnerships and explore market opportunities.
Alex Kayyal, the head of international, Salesforce Ventures said –
“Cloud adoption in Asia is growing at a monumental pace and the pandemic has only further amplified the importance of going digital”
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