Disprz, a Chennai-based SaaS startup that provides business-to-business education and skill training, has secured around $2.5 million in its Series A funding round, which was led by IL&FS Private Equity and Kae Capital.
The newly secured capital in Series A round will be used by the company to enhance its data science capabilities and also to expand its overseas markets operations.
Subramanian Viswanathan, CEO of Disprz said that “Companies which have a lot of knowledge workers in their payroll and R&D need to be constantly upgraded. We do it with frontline workers who face customers. We train them through the app, on-board, communicate and engage (with them) on our platform.”
“Having won our early clients in the US, we now have a clear roadmap to go much deeper into the US market,” said Shubhankar Bhattacharya, venture partner at Kae Capital.
Disprz was founded in 2015 by Subramanian Viswanathan, an IIT-Madras Mechanical Engineering graduate; and Kuljit Chadha, an engineer from Mumbai University with an MBA from Hyderabad-based Indian School of Business. The startup was among the startups picked for technology giant Oracle’s Startup Cloud Accelerator programme last year.
The company delivers educational and training content to the companies through an online learning management system (LMS) that combines onboarding, on-demand knowledge delivery, employee engagement and real-time communication.
Kae Capital, which was founded in 2010, invests in early-stage companies and had also provided seed funding to Disprz’s earlier avatar, Learntron, in January last year. According to its website, the sector-agnostic investment firm has nearly 40 companies in its portfolio.