KaarTech, a Chennai-based digital transformation consultancy, has raised $11 million (about ₹100 crore) in a funding round led by Playbook Partners, with participation from existing investor A91 Partners. The fresh capital will support the company’s international expansion and deepening of its enterprise technology capabilities.
Funding to Drive Expansion and Innovation
The new investment will be deployed to accelerate KaarTech’s expansion in North America and Europe, strengthen its talent pool, enhance technology offerings, and pursue strategic acquisitions that complement its services. Management said the funds will help scale delivery capability for large enterprise clients undergoing digital modernisation.
The round values KaarTech at roughly ₹2,100 crore (about $231 million) on a post-money basis, reflecting steady demand for digital transformation and enterprise IT services across industries.
Background and Previous Funding
This follow-on funding comes after a $30 million round in 2023 led by A91 Partners, which the company used to expand operations and build global delivery presence. Playbook Partners’ lead investment signals continued investor interest in firms that enable legacy system modernisation and cloud migrations for enterprises.
Business Focus and Service Portfolio
Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran M and Guardian George, KaarTech specialises in SAP-led digital transformation for large organisations. Its services include SAP consulting, cloud transformation, data analytics, artificial intelligence, automation and managed services aimed at improving operational efficiency and enabling cloud-native architectures.
The firm serves clients across aviation, energy, government and other sectors, with notable operations in the Middle East, North America and Europe. The company said the fresh capital will help it meet rising global demand for enterprise digital transformation and consolidate its position as a technology partner for complex, large-scale IT modernisation projects.
