Disprz, a corporate learning and skilling platform, has raised $30 million in its Series C funding round led by Lumos Capital.
360 ONE Asset (IIFL Wealth) and returning investors Kae Capital, KOIS, and Dallas Venture Capital also participated.
The funds raised through primary and secondary share sales will be used for global market expansion and product development, including the integration of generative artificial intelligence across the learning and skilling cycle.
Disprz is now looking to expand its market presence in the Philippines, Saudi Arabia, and Indonesia. Furthermore, it wants to enter the US market.
Subbu Viswanathan, co-founder and CEO of Disprz, stated that the latest funding round would assist the company in reaching profitability within the next four to five quarters. According to him, the company has experienced 80-110% growth and expects to maintain this momentum over the next two years.
With clients such as ICICI Bank, Amazon, Starbucks, and HDFC Life, Disprz is seeing the strongest traction in three industries: BFSI, ecommerce, and retail. The startup sees an increase in corporate preference for a skills-based workforce, and its technology platform enables mapping the entire process, including learning and upskilling systems.
Disprz plans to form strategic partnerships and acquisitions in addition to market expansion and product development. The company aims to collaborate with other players in the learning and people-tech ecosystem, such as HCM players, people reward platforms, learning content players, assessment players, and global HR consulting firms.
Disprz aims to be a people intelligence suite that goes beyond employee skilling to support all stages of an employee’s lifecycle.
