Digital transformation consulting company KaarTech has raised $30 million from A91 Partners. The fresh investment has come after a gap of 20 months for the Chennai-based firm.
The proceeds will help KaarTech hack organic and inorganic growth across existing markets, including the Middle East, and the European Union, and establish a strong presence in North America, the company said in a press release.
As part of the deal, Gautam Mago and Kaushik Anand from A91 Partners will join the board of KaarTech.
KaarTech specializes in SAP and S/4 HANA implementation and offers consultation, implementation, and support of SAP-based enterprise software solutions to enterprises.
Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran M and George Guardian, KaarTech claims to have executed over 2,500 projects.
The firm also aims to launch an IPO in the coming years and expand its scope beyond SAP with its numerous IPs and digital portfolio.
KaarTech further claims to have doubled its revenue in the last 24 months, but it did not disclose its latest financial numbers. In October 2021, the company raised $4 million from the alternative credit platform BlackSoil Capital.
Apart from backing tech companies, A91 Partners has also been investing in segments such as coffee, masala, and home appliances brands such as Atomberg. It led a $30 million Series B round in coffee brand Blue Tokai Coffee Roasters. Some notable companies in its portfolio include Digit Insurance, news aggregator Inshorts, cosmetics brand Sugar, software platform Exotel, healthkart, Paper Boat, and Plum, among others.
