Disprz, which operates an educational and career development platform has secured $30 million in a Series C fundraising round that was spearheaded by Lumos Capital.
Participants included former investors Kae Capital, KOIS, and Dallas Venture Capital, as well as 360 ONE Asset (IIFL Wealth), as reported by The Economic Times.
Additionally, Disprz aims to form strategic partnerships and make strategic acquisitions, as per a statement. “We are right now in the middle of our $10 million to $100 million ARR (annual recurring revenues) journey. The raised capital will let us build our next generation of products. We are a multi-product company, we have a suite of offerings on learning and upskilling for mid and large enterprises in emerging markets like India, southeast Asia, middle east and we’ve just made our trip to the US,” founder and CEO Subramanian Viswanathan told ET.
The funds will be used for product development and global market expansion, involving the implementation of artificial intelligence in the cycle of learning and skill development.
Disprz approaches human motivation from a customer-first perspective. According to Disprz, “employee” is an outdated phrase from the industrial era, and people are not only resources. In order to promote equitable possibilities for growth and advancement, Disprz uses the power of technology in its mission to level the playing field. With a 300-strong customer base and a presence on every continent, Disprz is proud of its diversified workforce of over 300 coworkers. Disprz has a significant global impact on the lives of more than 2.8 million students.