[Funding alert] Enterprise skilling startup Disprz raises $13M in Series B round led by Dallas Venture Capital and Mars Growth Capital

DispersA leading skills company announced Thursday that it has raised $13 million in a second round led by Dallas Venture Capital And Mars Nomu Capital. The tour also witnessed participation from existing investors go 1 (Australian rhino in this space), Tara India Fund IV It is managed by KOIS, Auctus Capital (a family office of Vikas Phadnis, co-founder of Eurokids) and K Capital (Pioneer core fund). United Capital He acted as the company’s financial advisor for this transaction.

According to an official statement, Disprz will use this capital, to expand its production and engineering teams, establish a sales and marketing division in the United States, expand its existing presence in the Southeast Asian and Middle Eastern markets, and invest in construction-specific product solutions.

Founded in 2015 by Subramanian Viswanathan And Colgate ChaddaDisprz is an AI-powered learning and skills suite that enables companies to acquire the right skills for their workforce to win in a digital-first world.

“We are excited to welcome Dallas Venture Capital to Disprz’s mission. The founding team of DVC are former founders who have scaled in and out of startups and their understanding of the SaaS space, combined with their strong network in the US, makes them an ideal partner for Disprz as we look to establish ourselves in developed markets, particularly the US,” Disprz CEO Subramanian Viswanathan, a serial entrepreneur who grew up at IIT-Madras, ISB, and McKinsey.

How it works

The multilingual app for the Mumbai and Chennai startup helps prepare and engage employees, increase productivity and continuously learn online. It works across the spectrum – from the time an employee joins a company and as they grow and develop.

With over 100,000 courses, the startup serves over 200 Indian and global client bases which include Wellness Forever, More Retail, Times Internet, Motilal Oswal Financial Services, Godrej Storage Solutions, Hindustan Coca Cola Beverages, KBZ MS General Insurance, Oman Oil, AIA Group and others.

The company’s platform is used in many sectors, including banking, manufacturing, oil and gas, and retail.

Market size and revenue

Global spending on learning and development reached $360 billion in 2019, and the pandemic has increased this spending, and it is expected to reach $500 billion in 2025.

Disprz has consistently doubled in revenue year over year, and calendar year 2021 saw it grow 150 percent. By 2025, the startup aims to achieve the vision of reaching $100 million worldwide.

“We started as a single product company, but are now a multi-product company, meeting the skills needs of both frontline workers and knowledge through unique offerings, while solving key business problems. We are no longer just a good learning platform to own but an essential business platform that can provide our clients with a competitive advantage” , stated that Colgate Shada, Co-Founder and COO of Disprz.

“We delve into sectors such as banking, insurance, fintech, e-commerce and high-tech, where we have now developed deep expertise in skills recognition, skills measurement and impact. We aim to strengthen the effective backbone of brands that touch our daily lives. We are already doing so in India and Asia Pacific countries. emerging Pacific and we expect this to be replicated in the major global economies,” Kuljit shared.

Commenting on the investment, Gokul Dixit, Venture Partner, Dallas Venture Capital additive,

“The founders’ lineage and vision, the company’s continued appeal in emerging markets and the huge untapped potential of skills technology globally have motivated us to partner with Disprz. The pandemic has also served as a catalyst for the rapidly growing skills and technology market. We believe the DVC Advantage Program, which focuses on the needs of startup companies in the Multiple areas such as product and technology strategy, executive mentorship, talent acquisition and with an enhanced focus on business development will greatly benefit Disprz during this exciting growth phase.”

.

Leave a Comment