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Digital transformation startup KaarTech secures $30Mn in funding

KaarTech, a Chennai-based digital transformation consulting firm specializing in SAP and S/4 HANA implementation, has raised $30 million in a funding round that Mumbai-based A91 Partners led.

Gautam Mago and Kaushik Anand from A91 Partners will join the KaarTech Board as part of the development.

The startup said it would use the raised capital to fuel its organic and inorganic growth across existing markets in the Middle East, the European Union, and North America. 

KaarTech, a firm that specializes in IP & Digital Services in the SAP ecosystem with deep expertise in discrete manufacturing, professional services automation, process manufacturing, and consumer packaged goods, was founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumar M, and George Guardian.

Maran Nagarajan commented on the fundraising, “This association will bolster our ability to expand geographically and augment our services portfolio in-organically. In doing so, we aspire to be the partner of choice for customers looking for digital transformation journeys in SAP, cloud ecosystem customer experience, process automation and data analytics blended with KaarTech’s core competence in logistics, supply chain, financial and human capital management.”

“The partnership with A91 will catapult KaarTech into an unprecedented era of expansion, propelling us towards our aspiration of going public, despite our humble bootstrapped origins,” he added. 

The startup, which has over 2000 employees, says its revenue has doubled over the past 24 months.

“We look forward to working closely with them in helping them expand their geographic presence in the US and Europe and in their journey towards becoming a publicly listed company,” said A91 Partners.

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BRL Editor
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