Disprz, a corporate learning and skilling platform, has successfully raised $30 million in its Series C funding round, with Lumos Capital at the helm. Additional participation came from 360 ONE Asset (IIFL Wealth) and existing investors, including Kae Capital, KOIS, and Dallas Venture Capital.
Funding Allocation for Global Expansion and Product Development
The startup plans to allocate the funding towards global market expansion and product development initiatives. This includes the integration of generative AI across the learning and skilling cycle. Disprz aims to harness the power of AI to enhance its offerings. The funds will also support the recruitment of data scientists, skill scientists, and software engineers.
Partnerships and Acquisitions on the Horizon
Disprz has ambitious plans beyond its core operations. The startup intends to establish strategic partnerships and explore potential acquisitions. This forward-looking approach underscores Disprz’s commitment to advancing its position in the corporate learning and skilling space.
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A Strong History of Funding and Growth
The current funding round marks a significant milestone for Disprz, coming approximately two years after the platform secured $13 million in its Series B round, led by Dallas Venture Capital and Mars Growth Capital. In total, Disprz has raised around $50 million in funding to date, a testament to its traction and potential.
Disprz’s Impact and Vision for the Future
Founded in 2015 by Subramanian Viswanathan and Kuljit Chadha, Disprz has emerged as an AI-powered learning platform with substantial reach. The platform boasts nearly 350 organizations and 2.8 million users, including prominent names like ICICI Bank, Amazon, Indian Oil, and more. Subbu Viswanathan, CEO of Disprz, envisions a path towards becoming a profitable $100 million company within the next 4-5 years. As the generative AI market surges, Disprz joins the ranks of startups embracing this technology trend, poised for growth in the dynamic landscape of corporate learning and skilling.
