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HR Startup Darwinbox Raises Seires A Funding From Lightspeed India Partners

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Human resources software as a service startup Darwinbox has raised $4 million in a Series A funding round. The round saw participation from existing investors India Partners, Mohandas Pai’s 3one4 Capital, and StartupXseed Ventures and was led by Lightspeed India Partners.

This Human Resource Management startup is a new age cloud platform that takes care of all 6 HR modules. They manage recruitment, core transactions (leave, attendance, directory), payroll, employee movement, employee engagement, talent management and people analytics.

The company had raised an undisclosed amount in 2016 in a seed funding round. Chaitanya Peddi, co-founder and product head at Darwinbox plans to invest this latest capital in product innovation and market expansion across India and Internationally. He added in a statement that they will continue to invest in Big data, machine learning and the latest research in HRM and psychology to stay relevant and maximize the value they offer to their clients.

IIT, IIM and XLRI alums Jayant Paleti, Rohit Chennamaneni and Chaitanya Peddi started the company in 2015. They automate HR processes using their cloud-based end to end management platform across the entire employee organization. Rohit Chennamaneni added that they understand what Indian enterprises need and plan to give them a world class product. They also plan to expand to other markets in Asia and eventually go global.

 They claim to have 50 companies as their clients including Paytm, Nivea, Godrej CDPL, Delhivery, Sai Life Sciences, Swiggy and Hetero Pharma. They mainly focus on mid and large enterprises in India and are expecting to add another 100 clients by the next year.

Dev Kher, a partner at Lightspeed India Advisors Partners will join the company’s board. He said that Darwinbox is leading the charge in taking human capital management to all employees beyond the HR department.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU

PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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