Darwinbox demonstrates the highest advancement in position and has grown faster than any other player on the Magic Quadrant
Darwinbox, the fastest-growing HR tech platform, features for the second consecutive year on Gartner’s Magic Quadrant (MQ) for Cloud HCM suites for 1,000+ employee enterprises. Darwinbox demonstrates the largest displacement among its peers on the MQ this year. Gartner commends Darwinbox for its product innovation, business maturity, superior technology foundation, and great customer traction.
Chaitanya Peddi, Co-founder of Darwinbox, commented, “There’s a rapidly growing need in the market for a next-gen HR tech platform that accommodates evolving working models, organization structures, and is employee-first. Darwinbox is at the heart and center of this movement. As we rapidly scale to newer geographies like the Middle East, add key leadership to our team, continue to innovate on our product, and add partners like EY, Deloitte, Mercer, AON and several others, it feels great to be recognized by Gartner in the MQ report for our business maturity.”
Globally, Darwinbox now has over 700+ customers, 2 million employees on the platform spread across 90+ countries. Customers range from large conglomerates to fast-growing technology giants. The company recently opened its new office at Dubai International Financial Centre (DIFC), aiming for a 400 percent growth in Middle East and North Africa (MENA) while serving its growing customer base across the region. In the MENA region, Darwinbox is already working with Alef Education, Retailo, Mobily infotech, Seepco, Eyewa, Shalina Healthcare and Foodics, along with select operations of Al Rajhi Bank, and the Lulu Group. Backed by Salesforce Ventures, Sequoia, Lightspeed, and other leading investors, the company closed its Unicorn round led by Silicon Valley-based TCV in January 2022.
Commenting on the business model and maturity of Darwinbox, the Gartner report stated: “As part of a recent round of funding, the company took on the CHRO of Netflix as an advisory board member, and onboarded senior executives from Salesforce, Microsoft, and EY, which helps broaden its leadership’s diversity and experience.” Noting Darwinbox’s market responsiveness and the ability to innovate rapidly, the report said: “Darwinbox was fast to develop and release employee experience functionality, which is currently top of mind for many HR technology buyers. It delivers robust features that support the employee experience; high points include Trails for employee workflows and native employee surveying capabilities. Furthermore, Darwinbox has expanded its service provider partners, enabling it to keep up with demand.”
Peddi added, “We’ve always been user-first in our product philosophy. We want every employee to experience consumer grade UX, seamless communication with their organizations, great social experience at work, and we’re completely localized to accommodate for language preferences of our users that are spread across 90+ countries. Darwinbox’s mission is to enable HR & business leaders with the tools they need to unlock the most of their people.”
Darwinbox features in the report along with some of the most prominent players in the HR Technology space, including SAP, Oracle, and Workday. Earlier this year, Darwinbox was recognized as a leader in ‘Customers Choice HCM in 2022 Gartner® Peer Insights™ ‘Voice of the Customer’ Report for Cloud HCM Suites For 1,000+ Employee Enterprises. The report noted that 96% of customers recommend the Darwinbox experience to their peers, the highest among all global HR technology solutions.
