Salesforce’s First India Investment is Cloud Startup Darwinbox
Salesforce.com Inc. is making its first investment in an Indian company, a developer of human resources software that serves several of Asia’s largest tech startups.
The U.S. giant’s venture arm is leading a $15 million financing round for Darwinbox, its first in India and its only investment in Asia outside of Japan. Headquartered in Hyderabad, the startup has already raised $35 million from backers including Lightspeed India, Sequoia Capital and 3one4 Capital among others.