KaarTech Raises $11 Mn Series B to Accelerate Enterprise Digital Transformation

Chennai-based SAP transformation specialist KaarTech has raised $11 million (approximately ₹100 crore) in a Series B funding round led by Playbook Partners, the investment firm known for backing high-growth consumer brands such as Renee Cosmetics. The fresh capital infusion values the company at around ₹2,100 crore ($231 million post-money) and signals strong investor confidence in KaarTech’s enterprise technology capabilities.

According to regulatory filings with the Registrar of Companies (RoC), the company issued over 4 lakh Compulsorily Convertible Preference Shares (CCPS) at a price of ₹2,496.75 per share as part of the funding round.

The newly raised funds will be deployed to support capital expenditure, expand business operations, and strengthen working capital requirements as KaarTech continues to scale its enterprise digital transformation services globally.

Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran M, and Guardian George, KaarTech has built a strong reputation as a specialist in SAP implementations and enterprise transformation solutions. Over the years, the company has expanded its portfolio to include cloud migration, data engineering, artificial intelligence and automation, analytics, and managed services, helping large enterprises modernise their technology infrastructure and optimise operations.

The investment comes at a time when the company is experiencing significant financial momentum. In FY25, KaarTech reported revenue of ₹718 crore, representing a 56% year-on-year increase from ₹458 crore in FY24. The company also remained profitable during the period, posting a net profit of ₹7.74 crore, a milestone that highlights its ability to combine rapid growth with financial discipline.

Following the funding round, Playbook Partners will hold a 4.76% stake in the company, while A91 Partners remains the largest shareholder with a 32.78% stake, after previously leading a $30 million investment in KaarTech in 2023.

The latest investment reflects growing investor interest in enterprise technology and digital transformation platforms, particularly those specialising in SAP ecosystems. As organisations worldwide continue to accelerate digital adoption, demand for integrated services such as ERP modernisation, cloud transformation and data-driven decision-making is rising sharply.

KaarTech plans to leverage this funding to further strengthen its technological capabilities, expand global delivery centres, and deepen partnerships with enterprise clients across industries, including manufacturing, retail, energy and logistics.

With strong revenue growth, profitability and a focused enterprise technology strategy, KaarTech is positioning itself as a key player in the global SAP transformation and digital enterprise solutions market, helping organisations navigate complex technology transitions and drive long-term operational efficiency.