ANSR Consulting Inc raises $15 million from Sistema, Evolvence
Sistema Asia Fund and Evolvence India Fund have invested $15 million in ANSR, which assists multinational corporations in establishing global competence centers. ANSR had previously raised funds from Accel, which will continue to be the company's major shareholder.
The funds will be used to expand the company's operations and seek new global locations for building GCCs in Eastern Europe, the United Arab Emirates, and Canada.
"GCCs are now a mainstream strategy for companies to build high-performance global teams and drive their relevancy and future-proofing agenda," said Lalit Ahuja, CEO of ANSR.
ANSR Consulting Inc. is a Dallas-based consulting firm with a Bengaluru-based operating subsidiary. Lalit Ahuja founded ANSR in 2004 with the goal of establishing global capability centers, also known as captive centers, in India. In 2017, the Andhra Pradesh cabinet gave ANSR permission to build Visakhapatnam's largest financial technology facility.
The company offers a comprehensive suite of services to help businesses develop and manage global teams, including talent acquisition, custom workspaces, and infrastructure, consulting, and business operations (finance, payroll, HR, and legal) – all of which are available on a monthly subscription basis.
ANSR plans to use the cash to expand its worldwide sales capabilities, establish additional global offices for creating GCCs across Eastern Europe, the UAE, and Canada, invest in AI-led technologies for products like talent sourcing engine Talent500 and improve its growing global consulting practice.
Lalit Ahuja, founder, and CEO of ANSR said, “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.”
The GCC market in India is estimated to be nearly $30 billion with more than 1.3 million professionals.
Rohit Batra, a partner at Evolvence India Fund, said, “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.” Batra will join the board of ANSR.
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The funds will be used to expand the company's operations and seek new global locations for building GCCs in Eastern Europe, the United Arab Emirates, and Canada.
"GCCs are now a mainstream strategy for companies to build high-performance global teams and drive their relevancy and future-proofing agenda," said Lalit Ahuja, CEO of ANSR.
ANSR Consulting Inc. is a Dallas-based consulting firm with a Bengaluru-based operating subsidiary. Lalit Ahuja founded ANSR in 2004 with the goal of establishing global capability centers, also known as captive centers, in India. In 2017, the Andhra Pradesh cabinet gave ANSR permission to build Visakhapatnam's largest financial technology facility.
The company offers a comprehensive suite of services to help businesses develop and manage global teams, including talent acquisition, custom workspaces, and infrastructure, consulting, and business operations (finance, payroll, HR, and legal) – all of which are available on a monthly subscription basis.
ANSR plans to use the cash to expand its worldwide sales capabilities, establish additional global offices for creating GCCs across Eastern Europe, the UAE, and Canada, invest in AI-led technologies for products like talent sourcing engine Talent500 and improve its growing global consulting practice.
Lalit Ahuja, founder, and CEO of ANSR said, “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.”
The GCC market in India is estimated to be nearly $30 billion with more than 1.3 million professionals.
Rohit Batra, a partner at Evolvence India Fund, said, “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.” Batra will join the board of ANSR.
