Disprz Raises $13 Mn To Help Businesses Upskill Workers

SUMMARY

Disprz is an artificial intelligence (AI) powered platform that helps companies train their workforce using personalised learning patterns

It has more than 200 customers including Wellness Forever, More Retail, Oman Oil and Times Internet

The Indian corporate training market is expected to cross INR 6,600 Cr by FY25

Enterprise skilling startup Disprz has raised $13 Mn in a Series B funding round led by Dallas Venture Capital and Mars Growth Capital.

Go1 (an Australian unicorn in this space), Tara India Fund IV being managed by KOIS, Auctus Capital (Family office of Vikas Phadnis, cofounder of Eurokids) and Kae Capital (a seed fund) also participated in the round.

Founded in 2015 by Subramanian Viswanathan and Kuljit Chadha, Chennai-based Disprz is an AI-powered learning platform that helps companies upskill their workforces. The startup aims at using the freshly raised capital in scaling up the product and engineering teams and establishing a sales and marketing division in the United States.

According to Disprz, its platform serves over 1.2 Mn users and employs more than 225 employees. Wellness Forever, More Retail, Oman Oil, Times Internet etc are among its more than 200 customers around the world.

“We are going deep into sectors such as banking, insurance, fintech, ecommerce and hightech, where we have now developed deep expertise on skill recognition, skill measurement and skill impact. We aim to strengthen the efficient backbone of the brands that touch our daily lives,” said Kuljit Chadha, cofounder and COO of Disprz.

According to a report by Microsoft and IDC, 29% of Indian businesses are investing in enterprise-wide skilling initiatives. As per the survey conducted, 28% of organisations prioritise and formalise innovation rewards over traditional performance. The findings also indicated that 25% of Indian enterprises expect support from the government to advance digital and tech skills in the workforce.

According to Ken Research, the Indian corporate training market is expected to cross INR 6,600 Cr by FY25. The global corporate training market size was valued at $333 Bn in 2019 and is projected to reach $417.2 Bn by 2027, growing at a CAGR of 9.4% between FY21 and FY27.

Artificial Intelligence is paving its way into corporate training solutions. Some service providers are relying on bots that guide learners through courses and software. They use artificial intelligence to predict the learner’s behaviour, helping the program develop personalised learning patterns.