ANSR has raised $15 million in Series B funding round from Sistema Asia Fund and Evolvence India Fund. Post the funding round, Accel partners continue to be the largest shareholder in the company, after its entry with $9 million Series A.
ANSR plans to use this 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.
ANSR was founded in 2004 by Lalit Ahuja, DP Narayana, Thomas W. Sisson and David Reed, and provides a comprehensive suite of end-to-end global capability centres (GCC) products. It is a consultancy firm, which helps multinational firms set up global capability centres.
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.
The company has made around 75 GCCs to date across industries while, Target, Wells Fargo Bank, Advance Auto Parts, Lowe’s, Delta Airlines, Giant Eagle, Falabella, etc., were some of the accreditations along with it.
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.
Apart from this, ANSR 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 the end of 2022.
Lalit Ahuja, CEO of ANSR, said, “In the last ten years, GCC’s have helped global enterprises accelerate digital transformation and innovation, primarily across product engineering, AI or ML, cloud, mobility and automation. “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 bound 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.”
In India, the GCC market is estimated at nearly $30 Bn with more than 1.3 Mn professionals working for a global GCC. The ability to access high-quality tech talent available at scale in India continues to drive the strategic importance of GCC’s.