Enterprise skilling startup Disprz witnessed over 60% growth in its revenue to Rs 56 crore in FY23. Of this more than Rs 54 crore was the contribution of its operations. The number saw a 58% spike from FY22’s Rs 34 crore.
Based out of Mumbai, Disprz is an AI-powered learning and skilling platform that helps enterprises identify and benchmark themselves against trending skills required in the specific industries and drives capability building in those skills.
Founded by Subramanian Viswanathan and Kuljit Chadha, the SaaS-based startup aims to empower CXOs to drive the right capability and create business impact. It has a portfolio of clients including Wellness Forever, Times Internet, Motilal Oswal Financial Services, Godrej Storage Solutions among others.
Established in 2015, the edtech platform has raised a total of over Rs 380 crore through 9 fundraisers. It raised its Series C round of Rs 248 crore led by Lumos Capital last August. This was the company’s second fundraise in 2023.
Post the round, Lumos Capital became the company’s largest shareholder. IL&FS and Kae Capital followed suit with significant shares in the company as well.
It previously had raised close to Rs 8 crore led by Silverneedle Ventures in its Series B round early last year.
Its current valuation stands at Rs 755.13 crore.
As for expenses, the firm witnessed an over two-fold spike to Rs 116.1 crore in Fy23 as compared to its preceding year’s Rs 54 crore.
The same year witnessed employee benefits as its major expenses spending over Rs 47 crore. While depreciation contributed close to Rs 10 crore, fiancé costs took up more than Rs 3 crore.
The firm incurred losses amounting to Rs 60 crore in the same fiscal. This was an over three fold rise as compared to FY22’s Rs 19 crore. Its current EBITDA margin and ROCE stand at -83.52% and -130.06%, respectively.