Darwinbox, a global provider of AI-powered HR technology, has announced the successful completion of its third Employee Stock Ownership Plan (ESOP) buyback in just four years. The $10 million buyback will benefit over 350 employees across the company’s 11 offices in India, North America, Southeast Asia, and the Middle East.

The announcement comes shortly after Darwinbox became the first-ever HCM platform globally to launch a Model Context Protocol (MCP) Server, enabling any compatible AI agent to interact securely with HR data and workflows on its platform.

“At Darwinbox, we’ve always believed that those who help build value should share in it. Even as we invest deeply in innovation and global growth, we remain equally committed to creating meaningful outcomes for our people,” said Jayant Paleti, Co-founder, Darwinbox. “This buyback, like the ones before, reflects our belief in sharing success with our people and building a culture of ownership.”

Chaitanya Peddi, Co-founder, added, “Talent has always been at the heart of what we do at Darwinbox. We’ve been intentional about ensuring our people grow with the company—not just in terms of impact, but also in wealth creation. As we double down on R&D to power an AI-first world, we’re excited to welcome great talent on this journey.”

Earlier in March 2025, Darwinbox raised $140 million from global private equity giants Partners Group and KKR. The investment is expected to accelerate the company’s momentum on two fronts: deep technology innovation and global market expansion.