Consultancy firm ANSR, which helps multinational firms set up global capability centres, has raised $15 Mn in Series B funding round from Sistema Asia Fund and Evolvence India Fund. The company had previously raised $9 Mn Series A funding led by Accel Partners, which continues to remain the largest shareholder in the company.
Founded in 2004 by Lalit Ahuja, DP Narayana, Thomas W. Sisson and David Reed, ANSR provides a comprehensive suite of end-to-end global capability centres (GCC) products. A GCC is a strategically positioned centre to co-create the operations for the enterprise. ANSR helps enterprises build and manage high-impact global teams, by helping with talent acquisition, bespoke workspaces and infrastructure as well as consulting and business operations across finance, payroll, human resources and legal. The company offers its services through a monthly subscription business model.
ANSR’s talent sourcing engine is powered by Talent500, which is an AI-powered talent sourcing platform with over 300,000 qualified profiles of technology professionals across India, South Asia and Eastern Europe enabling the delivery of critical, high quality hiring mandates for highly skilled tech jobs. The company has helped its GCCs hire over 75K full time employees.
ANSR will use the latest Series B funding to scale up its business and develop new global locations for establishing GCCs across Eastern Europe, United Arab Emirates (UAE) and Canada. The company has set up about 75 GCCs to date across industries and is accredited with some of the best managed GCCs in the industry including Target, Wells Fargo Bank, Advance Auto Parts, Lowe’s, Delta Airlines, Giant Eagle, Falabella and more.
Besides this, it has forged strategic partnerships with IBM, Google Cloud, ServiceNow and TechStars to drive capabilities development at the GCCs. A part of the funding will be used to invest in AI-powered technology for products such as Talent500 and Workspace to strengthen ANSR’s growing global consulting practice. It expects to achieve its goal of 100 GCCs and 100,000 cumulative FTE positions by end 2022.
The GCC market in India is estimated at nearly $30 Bn with more than 1.3 Mn professionals working for a global GCC. Over the last decade, GCC’s have helped global enterprises accelerate digital transformation and innovation, primarily across product engineering, AI or ML, cloud, mobility and automation. The ability to access high quality tech talent available at scale in India continues to drive the strategic importance of GCC’s.
“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 Covid era as companies cutting across size, industry and location considerations are establishing global teams to accelerate their transformation into technology and data driven businesses,” Lalit Ahuja, CEO of ANSR, said.