Darwinbox, a KKR-backed HR and payroll firm, is considering acquisition proposals from Microsoft, Salesforce, and ADP as it prepares for a potential public listing. The company is valued at $1.8 billion to $2.0 billion. Existing investors Salesforce and Microsoft, along with ADP, have approached Darwinbox's founders and board about buying out other shareholders. Darwinbox is moving forward with plans for an initial public offering while considering the acquisition proposals.
Acquisition Details
According to reports, the acquisition interest is part of Darwinbox's plans for expansion. The company's potential IPO is expected to take place in the next couple of years.