Digital transformation consulting firm KaarTech has successfully raised $11 million in a recent funding round led by Playbook Partners, with participation from existing investor A91 Partners. The company, founded in 2006, specializes in helping enterprises transition from legacy systems to cloud-based infrastructure and develop AI-ready technology solutions.
KaarTech offers a range of services, including cloud migration, data platforms, AI, automation, analytics, and managed services, primarily serving global clients in sectors such as aviation, energy, and government. The funding will support the company’s expansion efforts in North America and Europe, bolster hiring initiatives in these regions, and potentially facilitate strategic acquisitions to enhance its product offerings.
Notably, KaarTech aims to achieve revenue exceeding Rs 1,000 crore in the upcoming fiscal year, showcasing its ambitious growth targets. The company’s revenue surged by 56.8% to Rs 718 crore in FY25, marking a significant increase compared to the previous fiscal year. KaarTech also achieved profitability in FY25, reporting a net profit of Rs 7.74 crore after registering a loss in the preceding fiscal period.
With a strong foothold in international markets, including the Gulf region, North America, and Europe, KaarTech remains focused on delivering innovative digital solutions and driving value for its diverse clientele.
Source: Entrackr : Latest Posts