Digital transformation consulting firm KaarTech has raised approximately $11 million (Rs 100 crore) from Playbook Partners, a backer of Renee Cosmetics. This funding round reflects KaarTech’s strong financial performance, with a notable 56% year-on-year growth in revenue reaching Rs 718 crore in FY25.
KaarTech’s recent filings with the Registrar of Companies (RoC) detail the approval to issue 4,00,520 Series B CCPS at Rs 2,496.75 per share, resulting in the $11 million investment from Playbook Partners. The funds will be used for capital expenditure, business expansion, and general operational needs.
According to Entrackr’s valuation, KaarTech has a post-money valuation of approximately Rs 2,100 crore or $231 million. In a previous funding round in July 2023, the company raised $30 million from A91 Partners.
Founded in 2006, KaarTech specializes in SAP-led digital transformation, offering services such as SAP implementation, cloud and data services, AI, automation, analytics, and managed services to assist enterprises in optimizing their operations.
The latest funding has increased Playbook Partners’ stake in KaarTech to 4.76%, with A91 Partners remaining the largest external shareholder at 32.78%. KaarTech’s co-founders collectively retain significant ownership in the company.
Source: Entrackr : Latest Posts