Workplace skills-focused startup, Disprz, raises $13 mn investment

Chennai-based digital learning startup, Disprz, raises new Series B investment round worth $13 million.

The startup’s education offerings and services are aimed at businesses in order to help businesses’ employees gain knowledge and technological skills, among other aspects. The company’s platform uses artificial intelligence.

“We started out as a single product company, but are now a multi-product company, addressing the skill needs of both frontline and knowledge workers through unique offerings, while solving key business problems,” Kuljit Chadha, Co-founder at Disprz said, as reported by Economic Times. “We are no longer just a good-to-have learning platform but a core business platform that can provide our customers with a competitive advantage.”

The Series B funding will be put toward expanding the startup’s physical presence, marketing plans, and building further products and tools, among other areas.

Since the company’s founding in 2015, Disprz has grown its customer base to over 1.2 million, so far. The startup was founded by Chadha and Subramanian Viswanathan.

Investors in the round include Dallas Venture Capital, Mars Growth Capital, Go1, Tara India Fund IV, Auctus Capital and Kae Capital.

“The pandemic has also acted as a catalyst to the rapidly growing skills-tech market,” a venture Partner from Dallas Venture Capital, Gokul Dixit said, Economic Times reported. “We believe that the DVC Advantage program, focused on start-up companies’ needs in multiple areas such as product and technology strategy, executive mentorship, talent acquisition and with an enhanced focus on business development, would greatly benefit Disprz during this exciting growth phase.”

Disprz has raised a total of $17.4 million since the company’s founding, in the form of six different investment rounds.

The startup’s customer base includes companies such as Times Internet, Motilal Oswal Financial Services, Godrej Storage Solutions, Hindustan Coca Cola Beverages, KBZ MS General Insurance and Oman Oil, among others.

(Picture courtesy: Disprz)

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