KaarTech raises $11M in Series B round led by Playbook Partners
The Chennai-headquartered technology services company plans to use the capital for strategic acquisitions and to expand market reach with its AI platforms.
Chennai-headquartered technology services company KaarTech has raised $11 million in a Series B round of funding led by Playbook Partners.
KaarTech plans to use the capital for strategic acquisitions in data engineering and analytics with the goal of strengthening its AI-led Enterprise Operating System platform.
The funding will be used to accelerate the deployment of its agentic AI capabilities across enterprise programs, enhance global delivery scale, and strengthen go-to-market efforts for outcome-based, AI-led transformation services, the company said in a statement.
KaarTech Founder & CEO Maran Nagarajan said, “This raise marks a defining chapter in KaarTech’s journey towards an IPO. This reflects the trust placed in us by our employees, customers, partners, and stakeholders, and the discipline with which we have executed our strategy.”
Founded in 2005, KaarTech specialises in enterprise operating system modernisation across enterprise applications, data, cloud, and AI. It has over 3,000 employees across 15 plus locations and has delivered over 3,300 projects.
The company claims that, over the past five years, it has delivered a 45% revenue CAGR and has crossed Rs 1,000 crore in revenue. The flagship tech platform of KaarTech is KTern.AI, which embeds governance and outcome assurance into large-scale enterprise transformations.
Playbook Partners Managing Partner Vikas Choudhury said, “We believe KaarTech is uniquely positioned to capitalise on surging demand for AI-enhanced enterprise capabilities across industries. Their disciplined growth journey gives us strong confidence in the road ahead.”
Playbook Partners is a Mumbai-headquartered growth capital firm founded by Vikas Choudhury. It backs growth-stage, tech-enabled businesses that have demonstrated positive unit economics and are sustainably scaling to market leadership. This firm had raised $130 million in September 2024 as the first close of its fund from investors across Europe, United States, Middle East and India.
Edited by Swetha Kannan