Playbook Partners leads funding to scale SAP-led digital transformation services
Digital transformation consulting firm KaarTech has raised $11 million (approximately Rs 100 crore) in a funding round led by Playbook Partners, with participation from existing investor A91 Partners. The investment values the Chennai-based company at around Rs 2,100 crore (about $231 million) post-money, according to estimates. KaarTech had previously raised $30 million from A91 Partners in July 2023, reflecting continued investor confidence in enterprise digital transformation platforms.
Capital to expand North America and Europe presence
The proceeds will be used to strengthen KaarTech’s global footprint, particularly across North America and Europe. The company plans to increase hiring in these markets and explore strategic acquisitions that can enhance its technology stack and service capabilities. The expansion aligns with rising enterprise demand for cloud migration and AI-ready infrastructure.
Founders building SAP-focused enterprise transformation platform
Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran M, and Guardian George, KaarTech helps enterprises modernise legacy systems and transition to cloud-based technology ecosystems. The company specialises in SAP-led digital transformation services, offering capabilities across cloud migration, data platforms, artificial intelligence, automation, analytics, and managed services. Its client base spans multiple industries including aviation, energy, and government sectors.
Strong revenue growth and profitability turnaround
KaarTech reported significant financial growth in FY25, with revenue rising 56.8 percent to Rs 718 crore from Rs 458 crore in FY24. The company also turned profitable, posting a net profit of Rs 7.74 crore compared to a loss of Rs 66.93 crore in the previous fiscal year. With most of its revenue coming from international markets including the Gulf region, North America, and Europe, KaarTech is targeting revenue exceeding Rs 1,000 crore in FY26.
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