Disprz raises $13m led by Dallas Venture, Mars Capital and 8 other India deal updates

Skill-development platform Disprz has raised $13 million in a Series B funding round led by Dallas Venture Capital and Mars Growth Capital, it announced on Thursday.

Other investors who participated in the round included Go1, Tara India Fund IV being managed by KOIS, Auctus Capital (Family office of Vikas Phadnis, Co-Founder of Eurokids), and Kae Capital.

Founded in 2015 by Subramanian (Subbu) Viswanathan and Kuljit Chadha, Disprz is an AI-powered learning and skilling suite that empowers companies to right-skill their workforce. The company currently serves over 1.2 million users.

The company plans to use the funds to scale up its product and engineering teams, establish a sales and marketing division in the US, expand its presence in Southeast Asia and the Middle East, and invest in building industry-specific product solutions. By 2025, the startup aims to achieve its vision of reaching a topline of $100 million.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India announced from November 17-18, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
DisprzMumbai13 millionSeries BDallas Venture Capital, Mars Growth CapitalGo1, Tara India Fund IV being managed by KOIS, Auctus Capital, Kae CapitalEducation/TrainingEdTech
InzpiraTrivandrum306,666SeedRaj Nair, Gopinath LatpateArvind Kapill, h Chamria, Naveen Raju, Ajay Nayar, Sreekumar, Vedika Thorat, Abdul Gafoor, Jyoti Rahul Devjani, Akshar Panchmia, Dipen Shah, Vikas Sisodiya, Manish Manoj, Mannan Manoj, Michael Samuel, Pankaj Ramachandran, Roshan AjitkumarEducation/TrainingEdTech
Defy (Walrus)Bengaluru5.5 millionSeedGoat VC, JAM Fund, Goodwater CapitalGemba Capital, Night Ventures, GMO Venture Partners, Uncommon Capital, Soma Capital, Olive Tree Capital, Better CapitalFinancial ServicesBlockchain
Zenpay SolutionsDelhi--AngelBay, The StartupLabPavitra Walvekar, Naresh Vigh, Ashish Mittal, Nitin Agarwal, Anant Aggarwal, Raghav Singhal Financial ServicesFinTech
K&L Wellness Mumbai4 millionSeedVimal Kedia, Surendra Kedia, Narendra Firodia-Healthcare ServicesFitness & Wellness
VelocityBengaluru20 millionSeries AValar VenturesPresight Capital, iSeed, Maninder Gulati, Zac Prince, Philippe De Mota Financial ServicesFinTech
BoinggGurugram293,333SeedInflection Point Ventures-RetailE-commerce
SalaryBoxGurugram4 millionSeedY-Combinator, Jerry Yang’s AME Cloud Ventures, Soma Capital, 2AM Ventures, Gokul Rajaram, Sriram Krishnan, Anand Chandrasekaran-Financial ServicesFinTech
OneRareDelhi2 million-Arkstream Capital, Momentum 6, StableNode, Exnetwork Capital, Enjinstarter, Everse Capital, Kangaroo Capital, Tag Ventures, Maven Capital, 1010 Capital, CSP DAO, Skyman Ventures, FF Ventures, ZBS Capital, Lucid Blue VenturesNischal Shetty, Sebastien Borget, Sandeep Nailwal, Ravindra Kumar, Edmond Truong, Tamar Menteshashvili Financial ServicesBlockchain

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.