Automation Anywhere is now looking for acquisitions in India, with the $550 million of funding it raised recently. The $2billion company has been growing at over 100% year on year and are looking to increase this to 200-300%.
Ankur Kothari, Co-Founder and Chief Revenue Officer at Automation Anywhere, told BusinessLine, “Enterprises are looking to go digital and in that journey they need to first make their operations and then their processes digital. Any technology that can help us build that transition for enterprises, we would be looking to invest in it. The companies that we are looking at are in double digits. We are looking at acquisitions in primarily three areas. First, is to get access to technology that can give us undue advantage in AI, RPA and related technologies. Second, companies that can give us access to new geographies quickly. Third, companies that can help us scale our bots’ marketplace.”
Last month Milan Sheth was appointed as Executive Vice President for India, Middle East and Africa East Region, as the company plans to grow within the Indian market. They are developing Global Innovation Centres in the country and are hoping to turn India into a global process automation hub. "Currently, over 30 per cent of our bots are deployed in India. That makes it one of the largest markets for us," Sheth said. "In the last one year we have grown 200 per cent in India and we want to further accelerate this growth. We plan to double our partner base to 300 from the current 160 in the next one year in India."
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