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Venture Capital | 10 June 2015

Accel Partners Leads Investment In ANSR Consulting

by Puja Chaurasiya
Accel Partners Leads Investment In ANSR Consulting
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Bengaluru based ANSR Consulting, which runs startup accelerator Kyron, has raised $9 Mn in a round led by Accel Partners along with participation from CEOs of some multinational companies and family offices.

The proceeds will be utilized to bring 30-40 global in-house captives (GICs) in the country in the next 5 years and to launch an engagement programme for startups to work directly with these multinationals.

Lalit Ahuja promoted ANSR Consulting is focused on helping Fortune 500 companies establish strategic offshore captive centres. ANSR has been instrumental in helping 18 global companies including Wells Fargo, Target, Time, SuperValu, Lowe's and L Brands to set up offshore captive centres.

Cumulatively, the firm has attracted $600 Mn of investments into the country and absorption of 3 million sq ft of office space. The firm aims to set up 6-8 GICs every year to help companies drive their digital transformation agenda.

As per Nasscom report, GICs numbers in India has increased from 750 in 2010 to over 1,000 in 2015.

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