For market expansion globally, product development, and investments into generative AI technologies, the capital will be used by the SaaS startup
SaaS startup Disprz has raised $30 million in a Series C funding round led by Lumos Capital and 360 ONE Asset.
Including Kae Capital, KOIS, and Dallas Venture Capital, the round also saw participation from its existing investors. Since it was founded in 2015 by Subbu Viswanathan and Kuljit Chadha, the SaaS startup has, so far, cumulatively raised $22.4 million.
For market expansion globally, product development, and investments into generative AI technologies, the capital will be used by the SaaS startup. With a user base of 2.8 million across India, Southeast Asia, and the Middle East, Disprz has over 350 clients.
Besides, it also wants to foray into the US market, and now the SaaS startup is looking to strengthen its market presence in the Philippines, Saudi Arabia, and Indonesia.
In the next four to five quarters, the latest funding round would help Disprz achieve profitability, said the SaaS startup’s Co-founder and CEO, Subbu Viswanathan. The company has been recording growth of 80-110% and expects to maintain this momentum in the next two years, according to Viswanathan.
The SaaS startup is receiving the strongest traction from three sectors—BFSI, e-commerce, and retail—with clients including ICICI Bank, Amazon, Starbucks, and HDFC Life. To have a workforce based on skills, the startup sees increased preference among corporates, and its technology platform enables mapping the entire process, including learning and upskilling systems.
Disprz aims to form strategic partnerships and acquisitions in addition to market expansion and product development. Including HCM players, people reward platforms, learning content players, assessment players, and global HR consulting companies, the company plans to partner with the broader learning and people-tech ecosystem.
Extending beyond employee skilling to cover every stage in an employee’s lifecycle, the SaaS startup aims to be a people intelligence suite.
Also read: The Transformative Power of Machine Learning on OTT Platforms
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