About Encora
Encora is a company based in Scottsdale (United States) founded in 2000 by Venu Raghavan was acquired by Coforge in December 2025.. Encora has raised $200 million across 1 funding round from investors including Coforge, Warburg Pincus and Advent International. The company has 255 employees as of October 31, 2024. Encora has completed 4 acquisitions, including Avantica, Daitan Group and Encora. Encora operates in a competitive market with competitors including UST, NTT DATA, Endava, Persistent and Thoughtworks, among others.
- Headquarter Scottsdale, United States
- Employees 255 as on 31 Oct, 2024
- Founders Venu Raghavan
-
Sectors
Business Services
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Encora
Encora has successfully raised a total of $200M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $200 million completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $200.0M
-
First Round
First Round
(13 Aug 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Private Equity Round - Encora | Valuation | Warburg Pincus |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Encora
Encora has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Coforge, Warburg Pincus and Advent International. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Multi-stage private equity investments are pursued across diverse sectors.
|
Founded Year | Domain | Location | |
|
Private equity firm focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Provider of data & analytics, digital process automation, and other transformation services
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Encora
Encora has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Avantica, Daitan Group and Encora. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Banking software suite is supplied to banks and lenders worldwide.
|
2006 | ||||
|
IT service suite solutions are provided by Daitan Group.
|
2004 | ||||
|
Software development, cloud computing, and big data services are provided.
|
1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Encora
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Encora Comparisons
Competitors of Encora
Encora operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Endava, Persistent and Thoughtworks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
|
|
| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
|
|
| domain | founded_year | HQ Location |
Endava is engaged in digital transformation and AI-driven solutions.
|
|
| domain | founded_year | HQ Location |
IT consulting, data analytics, and digital transformation services are provided.
|
|
| domain | founded_year | HQ Location |
Leading global technology consultancy integrating strategy, design, and software engineering to enable enterprises and technology disruptors
|
|
| domain | founded_year | HQ Location |
IT suite solutions and consulting services are provided worldwide.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Encora
Frequently Asked Questions about Encora
When was Encora founded?
Encora was founded in 2000 and raised its 1st funding round 19 years after it was founded.
Where is Encora located?
Encora is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Who is the current CEO of Encora?
Anand Birje is the current CEO of Encora.
Is Encora a funded company?
Encora is a funded company, having raised a total of $200M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $200M, raised on Aug 13, 2019.
How many employees does Encora have?
As of Oct 31, 2024, the latest employee count at Encora is 255.
What does Encora do?
Encora was founded in 2000 and is headquartered in Scottsdale, United States. Management consulting services are delivered by the company across various industries, including strategy, operations, and technology advisory. Leadership roles are held by Founder Venu Raghavan and CEO Anand Birje. Operations are centered in the United States, with a focus on client-specific solutions in the consulting sector.
Who are the top competitors of Encora?
Encora's top competitors include Persistent, NTT DATA and Endava.
How many acquisitions has Encora made?
Encora has made 4 acquisitions, including Avantica, Daitan Group, and Encora.
Who are Encora's investors?
Encora has 3 investors. Key investors include Coforge, Warburg Pincus, and Advent International.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.