SaaS From Scratch: How Darwinbox's Rohit Chennamaneni Built an HR Tech Unicorn to Take On SAP and Workday from Hyderabad

PODCAST
CONVERSATIONS
2 min
April 28, 2026
We’re excited to share that our portfolio company, Digantara, has raised a $50 million Series B round.

We congratulate Anirudh, Tanveer and Rahul and the entire Digantara team on this incredible milestone. Since our seed investment in 2021, the team has demonstrated deep commitment to their core mission – making space more accessible and building a comprehensive space situational awareness & surveillance platform.

"I never wanted to be an entrepreneur. It was purely a combination of the right people, the right problem, and a unique way of solving it."

Rohit Chennamaneni spent nine years building Darwinbox starting from a one-room office in Hyderabad with two friends, a banker, a consultant, and a shared frustration with enterprise software so clunky that employees didn't even know their login.
In this episode of SaaS from Scratch, Vani Kola sits down with Rohit to trace how three McKinsey and investment banking veterans with no product and no code went from complaining about SAP to landing on the Gartner Magic Quadrant and building India's only homegrown HR tech unicorn with customers across Southeast Asia, the Middle East, and beyond.

They overestimated India. They underestimated the world. They had shouting matches the whole office could hear β€” and went out for dinner after every single one.

What the episode covers:
β€” Why Rohit quit McKinsey not to build a startup, but to fix the one thing consulting could never do: make change stick
β€” The market sizing trap how Darwinbox overestimated India's readiness and almost missed how large the global opportunity actually was
β€” Building Enterprise from day one but selling to SMEs first and why the product architecture decision is far harder to reverse than the GTM one
β€” How a Hyderabad team took on SAP, Oracle, and Workday by knowing the competitor's universe better than most of their own customers did
β€” The India-to-global journey: why every new market is a new PMF problem, and why Southeast Asia is five different countries, not one region
β€” Why they delayed senior hiring longer than anyone advised and why that made them better at every difficult people conversation that followed
β€” The one rule three co-founders set before there was a product, a company, or a single customer and how it held through a decade of building
β€” Where AI is actually moving the needle in HR tech today, and why nine years of real customer data is Darwinbox's most defensible asset

This is a founder who didn't start with a vision. He started with a problem, two people he trusted completely, and just enough naivety to go after the biggest incumbents in enterprise software. Everything he learned is in this conversation.

‍

More

Ashok Jhunjhunwala: Architect of India's deep tech ecosystem | Changemakers Ep 1

Ashok Jhunjhunwala: Architect of India's deep tech ecosystem | Changemakers Ep 1

Twenty years ago, before Kalaari Capital existed, a conversation with Professor Ashok Jhunjhunwala helped shape the decision to return to India and build here. When we launched Changemakers β€” a podcast series marking 20 years of Kalaari β€” there was no question about who the first guest should be. In this episode, Professor Ashok traces his life's conviction back to a single instruction from his grandfather, a cloth merchant from Bihar, who told him: "If there is a problem in society, you cannot say 'But what can I do?' If you cannot solve it, who else can?" That instruction became his operating system. It is what drove him to build the IIT Madras Research Park when everyone said there was no land, no capital, and no precedent for academia and industry working together at that scale β€” a campus that today counts 350+ startups among its alumni, including Uniphore, Ather Energy, AgniKul Cosmos, and Modulus Housing. It is what drove him to pioneer India's telecom revolution, bringing down the cost of telephony from β‚Ή40,000 to β‚Ή10,000, and to conceive of mobile payments at a time when the idea of paying a vegetable vendor from a phone was considered impossible. And it is what drives him as a mentor. On how he pushes the founders he works with, he says: "Every entrepreneur I work with is like my own kid. You love them. And from that love, you have to be hard at times." When asked if he sees himself as a changemaker, he said he does not β€” calling himself instead a spokesperson for the hundreds and thousands who worked alongside him. That, to us, is exactly what makes him one.
PODCAST
CONVERSATIONS

Subscribe to
Kalaari Newsletters

Unpacking our latest investments, portfolio updates and trends that are changing India's startup ecosystem.