KaarTech, a Chennai-based enterprise technology and SaaS solutions provider, has secured $11 million in a Series B funding round led by Playbook Partners. The fresh capital will be used to strengthen the company’s global footprint and enhance its artificial intelligence and cloud-based capabilities.
Strengthening AI and Cloud Capabilities
With the new investment, KaarTech plans to expand its data engineering and artificial intelligence capabilities. The company intends to help enterprises migrate their data infrastructure to the cloud while integrating AI-ready features that can support advanced analytics and automation.
The funding will also support the development of additional enterprise tools aimed at improving the efficiency and scalability of its cloud-based technology solutions.
Focus on International Growth
A key part of the company’s strategy is to deepen its presence in major global markets, particularly in North America and Europe. To support this expansion, KaarTech plans to recruit senior leadership talent and may also explore strategic acquisitions to enhance its service portfolio in these regions.
The move is designed to strengthen the company’s position as a global provider of enterprise cloud transformation services.
Company Background and Client Base
Founded in 2006 by Maran Nagarajan and other co-founders, KaarTech specialises in helping organisations modernise their enterprise technology systems by shifting operations to cloud-based platforms.
The company has developed a proprietary platform called KTern.ai, which enables automated migration of backend systems and data to the cloud. This helps businesses streamline processes, improve efficiency and gain better visibility into operations through a unified digital environment.
KaarTech serves a diverse global client base that includes major organisations such as Google, Saudi Aramco and Mitsubishi Corporation.
Financial Performance and Growth Targets
The company reported profitability in FY25, recording a profit after tax of ₹7.74 crore, while its revenue grew 56% year-on-year to ₹718 crore. KaarTech is targeting revenue of ₹1,000 crore by FY26, reflecting its strong growth trajectory.
Playbook Partners’ Investment Approach
Playbook Partners typically focuses on growth-stage companies and takes a cautious approach toward geopolitical and regulatory risks while making investment decisions. The firm closely monitors global trade dynamics and valuation trends in public markets.
Along with enterprise technology and fintech, the investment firm is also exploring opportunities in emerging sectors such as space, defence, manufacturing and healthtech.
Summary:
KaarTech has raised $11 million in a Series B funding round led by Playbook Partners to expand its global operations and strengthen its AI and cloud service capabilities. The company plans to grow its presence in North America and Europe, invest in technology development, and pursue strategic hires and acquisitions while targeting ₹1,000 crore in revenue by FY26.
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