Business, Investments

Startup Accelerator Kyron’s Parent Company ‘ANSR Consulting’ Raises $9M

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

The newly acquired funding will be used 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 multinational companies.

ANSR Consulting is looking forward to helping Fortune 500 companies establish strategic offshore captive centres which would help startups in due time. 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 in India.

The company has attracted $600 million 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, according to dealcurry.

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