Chennai-based digital transformation consulting firm KaarTech has raised $11 million (approximately Rs 100 crore) in a new funding round led by Playbook Partners, with participation from existing investor A91 Partners. The investment comes as the company looks to accelerate its global expansion and strengthen its enterprise technology capabilities.
According to regulatory filings, the company approved the issuance of 4,00,520 Series B compulsorily convertible preference shares (CCPS) at an issue price of Rs 2,496.75 each to raise the fresh capital from Playbook Partners.
Following the funding round, KaarTech is estimated to be valued at around Rs 2,100 crore (approximately $231 million) on a post-money basis. The latest investment follows an earlier funding round in July 2023, when the company raised $30 million from A91 Partners to support its growth plans.
The newly raised capital will be used to expand KaarTech’s presence in key international markets, particularly North America and Europe. The company also plans to strengthen hiring in these regions and explore potential acquisitions that could enhance its product and technology stack. Additionally, the funds will support capital expenditure, business expansion initiatives, and general working capital requirements.
Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran Manickam, and Guardian George, KaarTech specialises in SAP-led digital transformation services for enterprises. The company helps organisations modernise legacy systems by migrating them to cloud-based infrastructure and building AI-ready technology environments.
Its service offerings include SAP implementation and support, cloud migration, data platforms, artificial intelligence-driven automation, analytics, and managed services. KaarTech works with large global clients across multiple sectors including aviation, energy, and government.
KaarTech primarily serves international markets, including the Gulf region, North America, and Europe, and continues to expand its global delivery capabilities. The company is targeting revenue of more than Rs 1,000 crore in FY26 as it scales its digital transformation services and strengthens its position in the enterprise technology sector.
The latest investment reflects growing investor interest in enterprise technology and digital transformation companies, as businesses increasingly adopt cloud computing, artificial intelligence, and data-driven solutions to modernise operations and improve efficiency.
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