New Delhi, Aug. 14 -- Darwinbox, the human capital management (HCM) and planning platform, has raised $40 million from Teachers' Venture Growth (TVG), the late-stage venture and growth investment arm of the Ontario Teachers' Pension Plan.

"HR tech, when done right, can unlock outsized value for every enterprise, yet the old guard of HCM vendors still falls short of that leap," said Darwinbox co-founder Jayant Paleti in a prepared statement. "Darwinbox exists to change that story, building the next-gen HCM company, global by design, AI‑first at the core, and relentlessly focused on customer outcomes."

The new round of funding saw TVG acquire a stake in Darwinbox through a mix of primary and secondary transactions. The latest round ...