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- ANSR
ANSR Funding, Investors & Competitors
ANSR has raised $172M across 3 funding rounds, most recently a $150M undisclosed-stage round in October 2023.
Last ANSR funding round
$150M
Undisclosed stage · Oct 2023
Cumulative funding ANSR raised
$172M
across 3 funding rounds
Key investors in ANSR
Accel
Evolvence India Fund
Infosys
Sistema Asia Capital
ServiceNow Ventures
ServiceNow Ecosystem Ventures
ANSR Overview
About ANSR
ANSR Consulting builds and operates captive centers for global enterprises in India, handling end-to-end setup of engineering, IT, and business process units. Bengaluru-based since 2015, the firm has established over 100 centers for clients like Microsoft, Walmart, and Lowe's, employing tens of thousands in cities such as Bengaluru, Hyderabad, and Pune. ANSR streamlines talent acquisition, compliance, and scaling for cost-effective offshore operations.
Founded
2008
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Sectors
ANSR Funding History
ANSR has raised a total of $172M across 3 funding rounds.
ANSR's first fundraising round was a $7M Series A in July 2015. The most recent completed round was a $150M undisclosed-stage round in October 2023.
ANSR funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2023 | Undisclosed stage | ServiceNow Ventures (lead); ServiceNow Ecosystem Ventures | $150M | ANSR is a US and Bengaluru-headquartered firm that builds, manages, and scales teams through global capability centers (GCCs), specializing in helping Fortune 200 and 500 companies set up tech centers in India. On or around October 25, 2023, ServiceNow invested in ANSR through its ServiceNow Ecosystem Ventures program, which committed $150 million to invest in partners, as part of a strategic partnership to expand ServiceNow offerings. The investment joins existing investors including Accel, with ServiceNow Ventures listed as the lead. Through the partnership, ANSR will establish ServiceNow centers of excellence in over 60 GCCs to train 3,500 people in India across ServiceNow's offerings, focusing on broadening and deepening platform utilization. ANSR is re-platforming its GCC service delivery portfolio using the ServiceNow Platform to provide integrated access to services across HR, finance, and IT functions for 40,000 GCC employees, incorporating Now Assist generative AI to boost productivity and employee satisfaction. This enables self-reliance for employees and enterprises to accelerate digital transformation and positively impact billing rates. ServiceNow views ANSR as a market leader in India, providing an opportunity to integrate ServiceNow into GCCs for end-to-end automation for Fortune 500 enterprises. ANSR had reportedly engaged Cantor Fitzgerald as investment banker for a planned IPO the following year. |
| May 2021 | Series B | Evolvence India Fund (lead); Sistema Asia Capital | $15M | ANSR is a Bengaluru-based consulting and technology services firm specializing in establishing and operating Global Capability Centers (GCCs) for multinational organizations. The company helps clients accelerate digital transformation by building high-performance global teams across multiple geographies. ANSR raised $15 million in Series B funding on May 20, 2021, from Sistema Asia Fund and Evolvence India Fund, with Accel Partners remaining as the largest shareholder from the prior Series A round. The capital was deployed to strengthen global sales capabilities, expand GCC locations in Eastern Europe, UAE, and Canada, and develop AI-driven products including its talent sourcing engine Talent500. By the end of 2022, ANSR targeted establishing 100 GCCs and achieving 1 lakh (100,000) cumulative full-time equivalent positions. The company serves clients across retail, BFSI, healthcare, travel & logistics, and product industries, including major accounts such as Marriott, Best Buy, Kenvue, and Neighborly. |
| Jul 2015 | Series A | Accel (lead); Infosys | $7M | ANSR Consulting is a Bangalore-headquartered firm that helps multinational corporations establish and operate Global In-house Centres (GICs), also known as captive centres, in India. Founded by Lalit Ahuja, a former CEO of Target's Indian IT and back-office operations, the company leverages India's technical talent and cost advantages to support Fortune 500 companies in building strategic offshore capacity. In June 2015, ANSR raised $9 million from Accel Partners, with participation from unnamed family offices and individual investors. One month later in July 2015, Infosys invested $1.4 million for a 5% minority stake as part of its $250 million Innovate in India fund. The Infosys investment marked the fund's first backing of an Indian company and was expected to close by August 31, 2015. By the time of these investments, ANSR had already demonstrated significant operational traction. The company had established 27 Global In-house Centres, facilitated the transition of over 40,000 full-time positions, and leased more than 4 million square feet of office space globally. ANSR also operated Kyron, a Bangalore-based startup accelerator that had incubated over a dozen early-stage companies. Infosys divested its stake in ANSR in January 2018, selling its 5% holding for approximately $1 million to Accel Partners, who reacquired the stake. The divestment followed management changes at Infosys and was completed without disclosed reasons. |
Who has invested in ANSR?
6 investors have backed ANSR across its funding rounds, including Accel, Evolvence India Fund, Infosys, Sistema Asia Capital, ServiceNow Ventures and ServiceNow Ecosystem Ventures.
Lead investors include ServiceNow Ventures, Evolvence India Fund and Accel.
ANSR Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | May 2021 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Lead | Oct 2023 | ||
| 1 | Participant | May 2021 | ||
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Start Free TrialAcquisitions by ANSR
ANSR has acquired 3 companies to date.
Last acquisition by ANSR was on October 15th 2024. ANSR acquired Summit Consulting Services for $8M.
Latest Acquisitions by ANSR
| Description | - | hrEntries is a cloud-based human capital management software provider offering modules for personnel records, performance appraisals, payroll calculation, incentive tracking, leave administration, attendance logging, and self-service portals for employees and managers. Designed for mid-sized organizations, the platform integrates data across functions to streamline HR operations and boost employee engagement through mobile access and customizable workflows. | Fastnext is an outbound recruitment platform using AI to automate candidate sourcing and outreach for high-volume hiring. Tel Aviv-headquartered, it scans LinkedIn, GitHub, and job boards to deliver personalized email and SMS campaigns, serving tech firms like Monday.com with response rates optimized through A/B testing and compliance tools. |
| HQ Country | |||
| HQ City | - | Bangalore | Bangalore |
| Deal Date | 15 Oct 2024 | 28 Aug 2024 | 4 Nov 2020 |
| Valuation | $8M | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all ANSR acquisitions and their M&A valuation multiples. Start Free Trial | |||
ANSR Competitors
ANSR competitors include listed companies like Infosys, HCLTech, Cognizant and Capgemini, and private ones like Software Co and Deel.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $20B | $4.8B | $45B | 2.1x | ||
| Publicly listed | $14B | $2.7B | $35B | 2.3x | ||
| Publicly listed | $21B | $4B | $28B | 1.3x | ||
| Publicly listed | $26B | $3.4B | $20B | 1.1x | ||
| Private | - | - | $28M | - | ||
| Private | $1.7B | - | $17B | 10.0x |
ANSR Public Comps
ANSR is still privately-owned, but its public comps include Palantir, IBM, Accenture, Automatic Data Processing, Tata Consultancy Services, Infosys, Fujitsu, NEC, HCLTech and Cognizant.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
| $70B | $12B | 1.7x | 1.6x | 10.1x | 8.4x | |||
| $22B | $6.4B | 5.0x | 4.9x | 17.0x | 16.9x | |||
| $28B | $7.1B | 2.9x | 2.7x | 11.2x | 10.1x | |||
| $20B | $4.8B | 2.1x | 2.1x | 8.9x | 9.2x | |||
| $23B | $3.5B | 1.9x | 1.9x | 12.0x | 12.8x | |||
| $23B | $3.3B | 1.9x | 1.8x | 12.9x | 12.1x | |||
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Common questions about ANSR
| When was ANSR founded? | ANSR was founded in 2008. |
| Where is ANSR headquartered? | ANSR is headquartered in Bangalore, India. |
| Is ANSR publicly listed? | No, ANSR is a private, VC-backed company. |
| How much funding has ANSR raised? | ANSR has raised $172M across 3 funding rounds. |
| What was ANSR's last funding round? | ANSR's last funding round was a $150M undisclosed-stage round in October 2023, led by ServiceNow Ventures. |
| Who are ANSR's investors? | ANSR's investors include Evolvence India Fund, ServiceNow Ecosystem Ventures, ServiceNow Ventures, Sistema Asia Capital, Infosys and Accel. |
| Which companies are comparable to ANSR? | Companies comparable to ANSR include Infosys, HCLTech, Cognizant, Capgemini, Software Co and Deel. |
| How many companies has ANSR acquired? | ANSR has acquired 3 companies, including Summit Consulting Services, HrEntries and Fastnext. |
| What was the largest acquisition by ANSR? | The $8M acquisition of Summit Consulting Services in October 2024 is the largest acquisition ANSR has made to date. |
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