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Microsoft has invested in Hyderabad-based software for human resources company Darwinbox.
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More corporate clients are looking for the edge in keeping highly skilled employees, According to a Bloomberg report.
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The American-based tech company invested in equity in an unspecified amount that was an addition to the Series D round of Darwinbox.
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The company is expected to be worth more than $1 billion by the time it reaches 2022, the company announced in a statement on the 17th of January.
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To be part of the collaborative, Darwinbox will be implementing Microsoft Azure for its human capital management SaaS.
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Its SaaS platform is designed to meet HR requirements throughout the employee's life cycle with experiences for employees and artificial intelligence-powered technology.
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Darwinbox was established by a group of people in Hyderabad, India, in 2015 and is now headquartered in Singapore as its headquarters in the world.
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It caters to more than 700 business customers.