Chennai-based Disprz raises $13 million in Series B Funding

It will use the proceeds to scale up product, engineering teams

Disprz, an enterprise skilling startup, has raised $13 million (₹96.51 crore) in the Series B funding round led by Dallas Venture Capital (DVC) and Mars Growth Capital. The round also saw participation from the existing investors Go1 (an Australian unicorn company in this space), Tara India Fund IV, managed by KOIS, Auctus Capital (Family office of Vikas Phadnis, co-founder of EuroKids) and Kae Capital (a leading seed fund). Unitus Capital acted as the financial adviser to the company.

Founded in 2015 Disprz is an AI-powered learning and skilling suite that helps companies right-skill their workforce. The company serves over 1.2 million users. Disprz will use this investment to scale up product and engineering teams, establish a sales and marketing division in the U.S., expand its presence in South East Asia and Middle East, and invest in building industry-specific product solutions.

“We started out as a single product company, but are now a multi-product company, addressing the skill needs of both frontline and knowledge workers through unique offerings, while solving key business problems,” said Kuljit Chadha, co-founder and COO of Disprz. He added, “We are going deep into sectors such as banking, insurance, fin-tech, e-commerce and high-tech, where we have developed deep expertise in skill recognition, skill measurement and skill impact.”