Darwinbox elevates CTO Vineet Singh to co-founder post

HR Tech platform Darwinbox has appointed Vineet Singh as the co-founder. He is being elevated from his existing position of chief technology officer (CTO). The organisation was established in 2015 by Jayant Paleti, Rohit Chennamaneni and Chaitanya Peddi, offering HR functions such as employee on-boarding, attendance, and payroll. The company is backed by global investors such as  TCV, Microsoft, Salesforce Ventures, Peak XV, Lightspeed and Endiya Partners among others.

Singh has been the first recruit to the company’s team in 2015. “He has been pivotal in realising Darwinbox's vision to build a global-standard enterprise tech product from India. He has scaled the platform into a full-fledged HCM suite with 15 modules in just 6 years which is faster than any other enterprise HR tech. He was the first one to join our team back in 2015 and has successfully scaled our engineering and R&D teams into the 400-member strong unit that it is today. Over the years he has played an active role in areas beyond technology to positively impact Darwinbox's growth,” said co-founder Peddi.

In the new role, Singh will be working to accelerate technological innovations, embedding artificial intelligence (AI) as a platform capability to deliver better experience and contextual intelligence.

Following the series D fund raise of $72 million in a round led by TCV, the Hyderabad-based firm became a Unicorn in 2022. The company has grown three times since then and has expanded to markets such as the US and the UK. Its clients include BigBasket, PineLabs, Makemytrip, and Unacademy. Notably, Co-founder Chennamaneni said in 2022 that the company aimed to become profitable and go public by 2025.