Skilling platform Disprz raises $30M in a Series C round led by Kae Capital, KOIS

Skilling platform Disprz said it has raised $30 million in a Series C funding round led by Lumos Capital Group and 360 ONE Asset  (IIFL), with participation from Kae Capital, KOIS and Dallas Venture Capital.

According to the company's statement, The raised funds would be utilized for global market expansion and product development, including the integration of Generative AI across the learning and skilling cycle. 

The funding will also fuel investment into the next wave of innovation powered by Generative AI and cognitive sciences, enabling personalized content creation, content discovery, and skills intelligence and helping organizations make the shift to skill-based talent management, the company said.

Additionally, It plans to form strategic partnerships and make strategic acquisitions.

Founded in 2015 by Subbu Viswanathan (CEO) and Kuljit Chadha (COO), Disprz is an enterprise SaaS learning and skilling platform that claims to empower nearly 350 organisations globally, including industry leaders, to keep the workforce skilled and job-ready. 

ThDisprz said it serves the world’s leading enterprises like ICICI Bank, Amazon, Indian Oil, Bajaj Allianz, Ather Energy, HDFC Life, Starbucks, AIA, PETRONAS, Sharaf DG, Neom, Rivoli, Kotak Life Insurance, and others.  

As part of the development, The skilling platform plans to deepen its presence in emerging markets where it already operates, including India, The Middle East and Southeast Asia. Additionally, the company aims to expand into the US market. 

Subbu Viswanathan, Co-founder & CEO of Disprz, said, “Disprz is at the forefront of innovation in the learning and skilling space. Our platform can solve any capability-building or upskilling problem for any kind of workforce. We have built one of the world’s early skill-based learning platforms, and over the last 8 years have innovated in several aspects, like proving tangible performance improvements through data-led learning. With the world ready to be disrupted by generative AI and with organizations increasingly realizing that upskilling and reskilling are not the mandate of just HR but every function, we are ready to steer towards becoming India's first centaur (profitable $100 million company) in our platform category in the next 4-5 years.” 

"With an expansive footprint of over 2.8 million users and a customer base spanning nearly 350 organizations, Disprz has established its presence in every continent. With this funding, our focus extends to some of the world's fastest-growing markets, including India, Indonesia, UAE, Saudi Arabia, and the US. Disprz is strategically positioned to capitalize on the increasing demand for innovative, scalable learning and skilling solutions." said Kuljit Chadha, Co-Founder & COO of Disprz. He further added, “We will further cultivate strong partnerships and build an extensive ecosystem of content, assessments, resellers, and consulting partners globally to meet the unique talent advancement needs of every organization.” 

Rohan Wadhwa, Managing Director of Lumos Capital Group, said, “Disprz provides the rare combination of breadth in product with their Learning Management System, Learning Experience Platform, and Frontline Enablement offerings, to meet a spectrum of customer needs and also a depth of product quality to ensure it's serving customers with the highest level of product innovation. Disprz is uniquely positioned in the large corporate learning segment, having demonstrated leadership in markets in Asia and the Middle East with a multifaceted quality product that can compete globally.” 

Karan Ahuja, Fund Manager of 360 ONE Asset (IIFL), said, “Disprz truly enables organizations to scale and deliver customized learning solutions for employees while linking them to business outcomes.“ 

“Disprz has matured as an organization and focused on the right priorities at the right time. Today, Disprz is a global organization, yet nimble and continually innovating. This sets them up very well for attracting top-tier talent and maintaining their revenue growth momentum. DVC is a proud investor and we are confident that Disprz will make a mark in the global domain of enterprise skilling," stated Gokul Dixit, Partner at Dallas Venture Capital.  

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