Disperz Raises $ 13 Million in a Series B Funding Round
Dallas Venture Capital and Mars Growth Capital led a $13 million Series B fundraising round for enterprise skilling provider Disprz.
The funds will be used to develop industry-specific product solutions, launch a sales and marketing division in the United States, and extend Disprz's current presence in Southeast Asia and the Middle East.
Disprz is an AI-powered learning and skilling suite that helps firms right-skill their workforce for the digital-first future. It was founded in 2015 by Viswanathan and Kuljit Chadha. Over 1.2 million people use the service now.
Wellness Forever, More Retail, Times Internet, Motilal Oswal Financial Services, Godrej Storage Solutions, Hindustan Coca-Cola Beverages, KBZ MS General Insurance, Oman Oil, and AIA Group are among the companies that use Disprz's services.
We've evolved from a nice-to-have learning platform to a core business platform that can provide our customers a competitive edge
"We started off as a single product firm, but now we're a multi-product company," said Chadha, the company's chief operating officer. We're meeting the skill demands of both frontline and knowledge employees through distinct solutions, while tackling major business concerns. We've evolved from a nice-to-have learning platform to a core business platform that can provide our customers a competitive edge."
Disprz wants to repeat its success in India and the Asia-Pacific region in other major markets across the world.
"The pandemic has also functioned as a driver for the fast increasing skills-tech business," stated Dallas Venture Capital Venture Partner Gokul Dixit. We feel that the DVC Advantage program, which focuses on the needs of start-up companies in several areas such as product and technology strategy, CEO mentorship, talent acquisition, and business development, will tremendously help Disprz during this exciting growth phase".
Go1 (an Australian unicorn in this field), Tara India Fund IV, managed by KOIS, Auctus Capital (the family office of Vikas Phadnis, cofounder of Euro Kids), and Kae Capital (a prominent seed fund) were among the existing investors in the round, according to the company.