IT startup Antworks eyes global expansion

Tags: Knowledge
Antworks, a Singapore based new start-up business process outsourcing (BPO) and technology firm, opened its first delivery centre in Pune last weekend with an investment of Rs 10 crore. The startup, co-founded by Asheesh Mehra, formerly VP and head of Infosys BPO for Asia Pacific, Japan and the Middle East, plans to open two more delivery centres each in India and oversees next year. “We have rolled out our commercial operation at our Pune development centre with 120 software engineers,” Mehra, CEO at Antworks told Financial Chronicle. He said the company had already roped in its first client from UK to provide financial services for a $4 million deal for three years.

Mehra said the company has raised $8 million seed capital with his own savings, from co-founder Govind Sandhu and a few investor friends, deliberately staying away from angel investors. He said the company would focus primarily on providing solutions to the healthcare and financial sectors through two delivery models such as BPaas (business process as a service) and TaaS (technology as a service).

Mehra said the company was in the process of acquiring a healthcare centre in the US engaged in front-end customer service which would also be developed into a global delivery centre. “The deal will come through over the next three-six months,” he said.

He said the healthcare segment with a lowest 6.6 per cent of the GDP in Australia to 17.70 per cent of the GDP in the US provided huge business opportunity for the firm. “The budget for the healthcare segment in the Middle East, Europe, the UK and US was growing. In India too it was growing at CAGR of 20-23 per cent over the last three year which the company was targeting to tap,” Mehra said. He said with the cloud based technology, digitalisation of healthcare sector was a growing market throughout the world.

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