KaarTech, a Chennai, India-based global digital transformation consultancy company specializing in SAP and S/4 HANA implementation, raised $30 million in funding from A91 Partners, a prominent investment firm headquartered in Mumbai.
As part of the investment, Gautam Mago and Kaushik Anand from A91 Partners will join the Board of KaarTech.
This partnership aims to accelerate KaarTech's growth, both organically and inorganically, in its existing markets in the Middle East, the European Union, and North America. It signifies a new chapter in KaarTech's journey, with a strong focus on establishing a robust presence in North America.
Quote from Maran Nagarajan, CEO of KaarTech: “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. 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.”
Since its inception, KaarTech has expanded its operations to more than 15 global regions. The company has completed over 2500 projects, including notable ones for clients like Aramco.
The company aims to become a listed company and expand beyond its specialization in SAP (Systems, Applications, and Products in Data Processing) by leveraging its numerous intellectual properties (IPs) and digital portfolio.
Company: Kaar Technologies Pvt Ltd.
Raised: $30.0M
Round: Growth Equity
Funding Month: June 2023
Lead Investors: A91 Partners
Additional Investors:
Company Website: https://www.kaartech.com/
Software Category: SAP Digital Transformation
About the Company: Founded in 2006 by Nagarajan and Ratnakumar N, Selvakumar M, and George Guardian, KaarTech is a company that specializes in IP and Digital Services in the SAP ecosystem with specific expertise in discrete manufacturing, professional services automation, process manufacturing, and consumer packaged goods. Kaar Tech’s solution portfolio exquisitely offers Cloud, Analytics, IoT, Blockchain, RPA, AI/ML, ERP, Supply Chain, HCM, Procurement, and Mobility solutions, by pioneering SAP’s digital offerings and its indigenous innovations.
Source: https://www.kaartech.com/accelerating-digital-success/