MUMBAI, India, Aug. 7, 2023 /PRNewswire/ --
(From left) Subbu Viswanathan (Co-founder and CEO) and Kuljit Chadha (Co-founder and COO)
Enterprise skilling platform aims to expand its thriving footprint in Southeast Asia, India, and the Middle East while breaking into the US market
Disprz, the pioneering global leader in the enterprise learning and skilling industry, has achieved a remarkable milestone with a significant US$30 million secured in its Series C funding round. The funding was led by Lumos Capital and 360 ONE Asset (IIFL), alongside support from existing investors Kae Capital, KOIS, and Dallas Venture Capital. With this funding, Disprz is now poised to ignite a world of possibilities through unmatched global expansion and cutting-edge product innovation, including the integration of Generative AI across the learning and skilling cycle.
The success of Disprz represents a turning point in enterprise skilling, propelling the company to the forefront of the industry. With a strong focus on unlocking potential on a global scale, Disprz aims to revolutionise the future of learning and skill development in emerging markets, particularly in Southeast Asia, India, and the Middle East, while breaking into the US market. The vast Southeast Asian region, encompassing countries like Malaysia, Singapore, Indonesia, and The Philippines, is expected to benefit immensely from Disprz's unique business and data driven people development approach, driving businesses to achieve tangible outcomes through skill-based talent management for knowledge workers and learning-driven performance improvement for frontline workers.
Since its establishment in 2015, Disprz has witnessed remarkable growth and has garnered a staggering 2.8 million users. Renowned brands such as ICICI Bank, Amazon, IndianOil, and Swiggy have all entrusted Disprz to create transformative people experiences that drive business advancement. In Malaysia, Singapore, Indonesia, and The Philippines, companies such as PETRONAS, AIA, Axiata, RHB Bank, PNM, Yoma Bank, Sinarmas, Starbucks and Malayan Insurance have benefited from Disprz's bespoke solutions.
Guiding the ship of innovation and progress is Mr. Subbu Viswanathan, Disprz's visionary Co-Founder and CEO. He emphasises that Disprz is not just shaping the learning and skilling space but also creating its future: "By integrating AI, effectively linking learning with performance management and adopting a skills-focused approach, Disprz's platform can tackle any capability-building or upskilling challenge for any type of workforce. With the world ready to be disrupted by Generative AI and organisations increasingly realising that upskilling and reskilling are not the mandate of just HR but every function, Disprz is ready to shape the industry, and steer towards becoming India's first centaur (profitable $100 million company) in this category in the next 4-5 years."
Disprz is well-prepared to embark on a global growth journey with SEA as a crucial growth engine utilising the newly secured funds. The company plans to expand its dream product team, hiring data scientists, skilling scientists and software engineers to shape the future of people advancement and people intelligence, including investments in Generative AI capabilities. Additionally, Disprz aims to strengthen its presence in existing markets by establishing larger, localised go-to-market teams in Philippines, Indonesia, Malaysia and Thailand, thereby marrying the state-of-the-art in this space with local cultural context.
Executing on the company's vision would need partnerships with the broader community, as Disprz seeks strategic alliances with key players in the learning and people-tech ecosystem. To enhance its already robust suite of products, Disprz plans to partner with Human Capital Management players, people reward platforms, learning content providers, assessment companies, and global HR consulting firms.
Mr. Kuljit Chadha, Disprz Co-Founder & COO, highlights that the company serves over 2.8 million users across nearly 350 organisations globally: "With the latest funding, Disprz's focus expands to some of the world's fastest-growing markets, including Indonesia, Malaysia, Singapore, The Philippines, India, UAE, Saudi Arabia, and the US. The company is strategically positioned to capitalise on the increasing demand for innovative and scalable learning and skilling solutions."
Industry leaders have also recognised Disprz's unique position in the corporate learning segment. Mr. Rohan Wadhwa, Lumos Capital Group Managing Director, notes that Disprz offers a rare combination of breadth and depth in its product offerings, catering to diverse customer needs with the highest level of product innovation. Mr. Karan Ahuja, 360 ONE Asset (IIFL) Fund Manager, praises Disprz's ability to enable organisations to scale and deliver customised learning solutions, ultimately linking them to business outcomes.
Disprz's remarkable growth trajectory and exemplary leadership have garnered worldwide attention. The successful Series C funding stands as a testament to the company's unwavering vision for success amidst challenging funding conditions.
For more information about Disprz's transformative journey and remarkable accomplishments, visit their website at https://disprz.ai/.
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Caption: (From left) Subbu Viswanathan (Co-founder and CEO) and Kuljit Chadha (Co-founder and COO)
