Disprz raises $30mln in Series C funding to expand presence in the Middle East markets

Disprz raises $30mln in Series C funding to expand presence in the Middle East markets

MUMBAI, India--(BUSINESS WIRE/AETOSWire)-- Disprz, an AI-powered learning and skilling suite, has raised $30 Million in its Series C funding round led by Lumos Capital and 360 ONE Asset (IIFL), with participation from Kae Capital, KOIS, & Dallas Venture Capital. The funds raised in the round will be utilized for global market expansion and product development using new-age technologies like Generative AI in emerging markets such as the Middle East, and India, & expanding to the US. The company serves industry leaders like Sharaf DG, Jumbo Electronics, NEOM, Saudi Research & others.

Since its inception in 2015, Disprz has witnessed remarkable growth & is one of few HR tech startups in the Series C segment. “The company’s consistent revenue growth, during and after the peak of the pandemic, shows that people's advancement is recession-proof problem statement within HR tech- it is a core problem of humanity,” stated Kuljit Chadha, Co-Founder & COO, of Disprz.

Subbu Viswanathan, Co-founder & CEO of Disprz, said, "Disprz is at the forefront of innovation in the learning and skilling space. We are on a mission to equip the workforce for the rapidly changing world, and we solve this mission using a B2B SaaS approach."

Mr Karan Ahuja, Fund Manager