Startups
Software Unicorn Darwinbox Wins KKR, Partners Group Funding
- Startup raises $140 million to focus on US expansion
- Funding round will value Darwinbox at more than $1 billion
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Darwinbox raised $140 million in a round led by KKR & Co. and Partners Group AG as it deepens its US presence and gears up for a stock-market debut.
The company, which counts Starbucks Corp. and Adidas AG among customers for its people management tools, will keep its valuation at more than $1 billion with the new funding, co-founder Jayant Paleti said in an interview. The round will consist of primary and secondary shares, he said, declining to elaborate on the split.