Partners Group and KKR co-lead Darwinbox’s $140M growth equity round

What's the deal? In March 2025, Hyderabad-based HR technology platform Darwinbox raised USD 140 million co-led by Partners Group and KKR, with Gravity Holdings also participating.

Context Darwinbox provides cloud HCM software for large enterprises across Asia and increasingly the US. Partners Group invested through its growth-equity strategy (first growth investment in 2013; about USD 2.5 billion deployed to date, per firm commentary) and highlighted generative AI and international expansion themes. Much of the round facilitated partial exits for earlier venture investors while adding primary capital for product and US growth.

Source Business Wire — Darwinbox $140M co-led by Partners Group and KKR
Darwinbox newsroom