Fri. Mar 29th, 2024
ANSR Sistema EvolvenceSource: nanotempertech.com

Bengaluru based firm, ANSR, which helps global enterprises to accelerate their digital transformation and technology innovation through Global Capability Centers (GCC’s), announced the fundraise of $15M in its Series B financing round from Sistema Asia Fund and Evolvence India Fund.

ANSR raised its Series ‘A’ round of funding from Accel Partners, which remains its largest shareholder even after series B of funding.

ANSR is planning to use the proceeds raised in this round to expand and grow its business by strengthening its global sales capabilities, develop new global locations for establishing GCCs across Eastern Europe, UAE and Canada. It further plans to invest in AI-led technology for products such as Talent500 and Workspace and strengthen its growing global consulting practice.

Commenting on the investment, Sumit Jain, Senior Partner – Sistema Asia Fund, said, “ANSR is the market leader in the GCC space with a comprehensive offering for global enterprises looking to set up global technology hubs in India and similar geographies. Under Lalit’s stewardship, ANSR is poised to become a globally relevant and enduring enterprise solutions company.”

ANSR facilitates the suite of end-to-end GCC products that enable enterprises to build and manage high-impact global teams, including – Talent Acquisition, and consulting and business operations (finance, payroll, HR and legal). The company offers such services via a simple monthly subscription.

ANSR has over 75 GCCs across industries and is accredited with some of the best administered GCCs in the industry. It includes Target, Wells Fargo Bank, Advance Auto Parts, Lowe’s, Delta Airlines, Giant Eagle, Falabella amongst others. The company also has strategic partnerships with renowned companies like IBM, Google Cloud, ServiceNow and TechStars to drive capabilities development at the GCCs.

Rohit Batra, Partner, Evolvence India Fund said “ANSR has been at the forefront of setting up global teams and is widely recognized as the pre-eminent thought leader in this space. Evolvence is very excited to partner with ANSR especially as we explore opportunities to expand in the middle east especially in the key markets of UAE and Gulf Cooperation Council in line with the government’s vision of positioning this region as a hub for talent and innovation.”

Lalit Ahuja, Founder & CEO of ANSR said “We are very excited to partner with Sistema Asia Fund and Evolvence India Fund as we embark on our next phase of growth and evolution. GCCs are now a mainstream strategy for companies to build high-performance global teams and drive their relevancy and future-proofing agenda. The GCC market segment is poised for rapid growth in the post-Ccovid era as companies cutting across size, industry and location considerations are establishing global teams to accelerate their transformation into technology and data-driven businesses.”

“ANSR expects to achieve its goal of 100 GCCs and 100,000 cumulative FTE positions by end 2022,” adds Ahuja.

The GCC market in India employs over 1.3 million professionals and has an estimated market share of about $30 billion. Over the last decade, GCCs have helped global enterprises speed up their digital transformation and innovation, primarily across product engineering, AI/machine learning, cloud, mobility and automation. The ability to access high-quality tech talent available at scale in India continues to drive the strategic importance of GCCs.

By Harshita Sharma

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