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Exclusive: Darwinbox adds $21 Mn worth of ESOP for employees

EntrackrEntrackr · 1m ago
Exclusive: Darwinbox adds $21 Mn worth of ESOP for employees
Medial

Exclusive: Darwinbox adds $21 Mn worth of ESOP for employees According to Entrackr’s estimates, the newly added ESOPs are valued at around Rs 186.6 crore (around $21 million), taking the total ESOP pool to Rs 426 crore ($48.4 million). HR tech platform Darwinbox has expanded its existing ESOP plan by adding additional employee stock options worth over $20 million. The board at Darwinbox has passed a resolution for approval to add 64,377 options to its existing plan, bringing the total ESOP pool to 1,46,908 options, its regulatory filing with the Registrar of Companies (RoC) shows. According to Entrackr’s estimates, the newly added ESOPs are valued at around Rs 186.6 crore (around $21 million), taking the total ESOP pool to Rs 426 crore ($48.4 million). In addition, the company holds 1,13,903 equity shares in its ESOP trust worth about Rs 330 crore ($37.5 million). In total, Darwinbox’s ESOP pool is valued at around Rs 756 crore ($86 million). This ESOP expansion comes on the heels of its Rs 86 crore ($10 million) ESOP buyback in June this year. Hyderabad-based Darwinbox offers a cloud-based HR management platform that covers recruitment, payroll, engagement, talent, and analytics. The company serves more than 1,000 clients, managing 4 million employees across 130 countries. According to the firm, the majority of its revenue comes from Southeast Asia and India. According to startup data intelligence platform TheKredible, Darwinbox has so far raised over $290 million across multiple funding rounds, including its $140 million in March co-led by Partners Group and KKR. The Peak XV-backed Darwinbox reported a 48% increase in operating revenue to Rs 333 crore in FY24, while its net losses widened to Rs 191.8 crore. The company is yet to disclose its FY25 financials.

Darwinbox’s revenue rises to Rs 534 Cr in FY25; narrows adjusted losses

EntrackrEntrackr · 4d ago
Darwinbox’s revenue rises to Rs 534 Cr in FY25; narrows adjusted losses
Medial

Darwinbox’s revenue rises to Rs 534 Cr in FY25; narrows adjusted losses International markets contributed 63% of new sales, as overseas revenue soared 83% YoY, representing the second consecutive year of over 80% growth. Kunal Manchanada 17 Oct 2025 18:29 IST HR tech unicorn Darwinbox sustained its growth in FY25, with operating revenue rising 50% year-on-year, aided by international expansion and deeper penetration in existing markets, the firm said in a press release. According to the company, Darwinbox’s revenue from operations grew to Rs 533.9 crore in FY25 from Rs 334 crore in FY24. International markets contributed 63% of new sales, as overseas revenue soared 83% YoY, representing the second consecutive year of over 80% growth. Darwinbox added that its U.S. operations launched two years ago and are beginning to gain meaningful traction, alongside strong adoption in SEA and MENA regions, according to the release. When it comes to the bottom line, the company’s adjusted net loss improved by 12% over FY24, excluding non-cash ESOP expenses. Excluding investments in the U.S. business, the adjusted net loss narrowed 42% year-on-year, as per the press release. Hyderabad-based Darwinbox offers a cloud-based HR management platform covering recruitment, payroll, engagement, talent, and analytics. The firm said most of its revenue comes from Southeast Asia and India. It has over 1,016 enterprise customers globally. According to startup data intelligence platform TheKredible, Darwinbox has so far raised over $290 million across multiple funding rounds, including its $140 million in March co-led by Partners Group and KKR. The company also recently granted $21 million in ESOPs to its employees, a development exclusively reported by Entrackr. This follows its Rs 86 crore ($10 million) ESOP buyback in June this year.

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