Funding · Enterprise Software & IT

KaarTech raises $11M in Series B round

By Startup Enthusiast · 4 March 2026

What they do

KaarTech helps enterprises migrate legacy systems to cloud and build AI-ready tech stacks

It raised $11M (≈₹100Cr) Series B led by Playbook Partners, with existing investor A91 Partners participating

The company plans to expand in North America and Europe, hire senior talent, and explore acquisitions

KaarTech raised $11M (≈₹100Cr) in a Series B round.
The round was led by Playbook Partners.
Existing investor A91 Partners also participated.
The company issued 4,00,520 Series B CCPS at ₹2,496.75 each.
Post-money valuation is approximately ₹2,100Cr (≈$231M).
Funds will be used for capital expenditure, business expansion, and working capital.
KaarTech plans to expand in North America and Europe, hire senior talent, and explore acquisitions.
It will also strengthen AI capabilities and scale its data engineering practice.

KaarTech turned profitable in FY25 with a net profit of ₹7.74Cr, after a loss of ₹66.93Cr in FY24.
Revenue grew 56.8% to ₹718Cr in FY25 from ₹458Cr in FY24.
The company targets revenue >₹1,000Cr in FY26 and PAT >₹100Cr by next fiscal.
It aims to start the IPO process in FY27 and list within two years.

KaarTech is a digital transformation consulting firm focused on SAP-led solutions.
It helps enterprises migrate legacy systems to the cloud and build AI-ready tech stacks.
Its proprietary tool KTern.ai automates cloud migration and AI infrastructure preparation.
Services include SAP implementation and support, cloud migration, data platforms, AI/automation, analytics, and managed services.
Clients include Saudi Aramco, Google, Mitsubishi, Booking.com, BAE Systems, and Dammam Airports.
It serves sectors like aviation, energy, and government.
The company has significant business from the Gulf region, North America, and Europe.

Playbook Partners (lead) — Growth-stage investor; holds **4.76%** stake post-allotment.
A91 Partners (participated) — Existing investor; largest external shareholder with **32.78%** stake post-round.

Product: SAP implementation, cloud migration, data platforms, AI-driven automation, analytics and managed services for enterprise digital transformation
Customers: Large global enterprises seeking to modernize legacy systems and build AI-ready technology stacks
How it makes money: Professional services and consulting for SAP-led digital transformation and enterprise modernization
What sets it apart: Deep SAP expertise with focus on cloud migration and data platforms; significant international presence and customer base