KaarTech, a consulting firm for digital transformation, has received $30 million from A91 Partners. The new investment for the Chennai-based company comes after a lapse of 20 months.
According to a press release from the company, the money will help KaarTech hack organic and inorganic growth across current markets, such as the Middle East and the European Union, and establish a strong presence in North America.
As part of the agreement, A91 Partners’ Gautam Mago and Kaushik Anand will become members of the KaarTech board.
KaarTech is an expert in implementing SAP and S/4 HANA and provides businesses with advice, assistance, and support for SAP-based enterprise software solutions.
KaarTech, a firm that was established in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran M, and George Guardian, asserts to have completed more than 2,500 projects.
With its extensive IP portfolio and digital portfolio, the company also plans to go public in the upcoming years and broaden its reach beyond SAP.
KaarTech also asserts that its revenue has doubled over the past 24 months, but it omitted its most recent financial figures. The business raised $4 million from the alternative credit marketplace BlackSoil Capital in October 2021.
A91 Partners has been investing in industries like coffee, masala, and home appliance companies like Atomberg in addition to supporting tech companies. It was the driving force behind Blue Tokai Coffee Roasters’ $30 million Series B round. Among the well-known businesses in its portfolio are Digit Insurance, the news aggregator Inshorts, the cosmetics company Sugar, the software company Exotel, healthkart, Paper Boat, and Plum.
