Disprz, a corporate learning and skilling platform, on Monday announced that it has raised $30 million in its Series C funding round led by Lumos Capital Group and 360 ONE Asset (IIFL).
The financing also saw participation from Kae Capital, KOIS, and Dallas Venture Capital, the startup said in a statement.
The funds raised in the round will be utilised for global market expansion and product development, including the integration of generative AI across the learning and skilling cycle enabling personalised content creation, content discovery, and skills intelligence, the statement added.
Disprz will also use the funds to expand its global team, hire data and skill scientists, and software engineers. The startup 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.
Established in 2015, Disprz claims to be present in every continent serving nearly 350 organisations and 2.8 million users. Its list of clients includes enterprises such as ICICI Bank, Amazon, Indian Oil, Bajaj Allianz, Ather Energy, HDFC Life, Starbucks, AIA, PETRONAS, Sharaf DG, Neom, Rivoli, Kotak Life Insurance, and others.
“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 eight years, have innovated in several aspects like proving tangible performance improvements through data-led learning,” said Subbu Viswanathan, Co-founder & CEO of Disprz.
“With the world ready to be disrupted by generative AI and with organisations increasingly realising 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,” Viswanathan added.
In addition to market expansion and product development, Disprz aims to form strategic partnerships and make strategic acquisitions.