Digital transformation consulting startup KaarTech raises $11 million from Playbook Partners, A91 Partners

Digital transformation consulting firm KaarTech has raised $11 million (around Rs 100 crore) in a fresh funding round led by Playbook Partners, with participation from existing investor A91 Partners, as the Chennai-based company looks to expand its global presence and strengthen enterprise technology capabilities.

Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran Manickam and Guardian George, KaarTech provides SAP-led digital transformation services to enterprises. Its offerings include SAP implementation and support, cloud migration, data platforms, artificial intelligence-driven automation, analytics and managed services, helping companies modernise legacy systems and build AI-ready technology stacks.

The startup serves large global clients across sectors such as aviation, energy and government, with a significant portion of its business coming from international markets including the Gulf region, North America and Europe.

The fresh capital will be used to expand KaarTech’s presence in North America and Europe, strengthen hiring in those regions, explore acquisitions to enhance its product stack, and support capital expenditure, business expansion and general working capital requirements.

KaarTech has reported strong financial growth. Its revenue rose 56.8% to Rs 718 crore in FY25 from Rs 458 crore in FY24, while the company turned profitable with a net profit of Rs 7.74 crore, compared to a loss of Rs 66.93 crore in the previous fiscal.

Earlier in July 2023, the company had raised $30 million from A91 Partners to support its expansion initiatives. KaarTech is now targeting revenue of more than Rs 1,000 crore in FY26 as demand for cloud, AI and data-driven enterprise transformation continues to grow.