Corporate training startup Disprz has raised Series A funding of $2.5 million (about Rs 16.5 crore) from IL&FS Private Equity and existing investor Kae Capital. The Chennai based startup which runs a software-as-a-service (SaaS) platform that helps companies deliver educational and training content, will use the proceeds to enhance its data science capabilities and for overseas expansion.
Disprz co-founder and CEO Subramanian Viswanathan told media, “Companies which have a lot of knowledge workers in their payroll say, tech companies and R&D, need to be constantly upgraded. We (also) do it with frontline workers who face customers. We train them through the app. They get trained, on boarded, communicated and engaged on our platform.”
The SaaS startup, previously called Learntron, was founded by Viswanathan and fellow ISB alumnus Kuljit Chadha in 2015. It provides a multilingual app that combines onboarding, on-demand knowledge delivery, employee engagement and real-time communication. It also does data analytics and predicts how workers will perform at work.
Disprz’s clients include companies like Naspers, Mahindra, Motilal Oswal, Chaayos, Quess Corp and Thyrocare among others.
Shubhankar Bhattacharya, Venture Partner at Kae Capital said, “Having won our early clients in the US, we now have a clear roadmap to go deeper in the US market,” said Shubhankar Bhattacharya, venture partner at Kae Capital.”
In the learning space this year, Degreed, global platform for discovery, learning & certification of skills, raised a hefty funding round of $42 million in the month of March.