Kaar Technologies Raises $30 Mn Funding From A91 Partners
Kaar Tech, a Chennai-based digital transformation consulting firm specializing in SAP and S/4 HANA implementation, has raised $30 million from A91 Partners.
As per the startup, the freshly raised funds will be used to fuel its organic and inorganic growth across existing markets in the Middle East, the European Union and North America and further solidify its presence in the American market.
Also, with this funding, Gautam Mago and Kaushik Anand, partners at A91 Partners, will join the Board of KaarTech.
Kaar Tech | SAP Digital Transformation Consulting Firm
Founded by Maran Nagarajan, Selvakumar M, Ratnakumar N, and George Guardian, Kaar Tech specializes in IP & Digital Services in the SAP ecosystem with deep expertise in discrete manufacturing, professional services automation, process manufacturing, and consumer packaged goods.
Speaking about the development, Maran Nagarajan, Co-founder and CEO of KaarTech, said,
“This association with A91 will bolster our ability to expand geographically and augment our services portfolio in-organically. In doing so, we aspire to be the partner of choice for customers looking for Digital Transformation journeys in SAP, Cloud ecosystem customer experience, Process Automation and Data Analytics blended with KaarTech’s core competence in Logistics, Supply Chain, Financial and Human Capital Management.”
Claiming to have executed over 2,500 projects, several of them being for marquee customers like Aramco, Kaar Tech aims to launch an IPO in the coming years and expand its scope beyond SAP with its numerous IPs and digital portfolio.
Working with a team of over 2000 employees, the digital transformation consulting firm claims to have doubled its revenue in the last 24 months.
Commenting on the development, A91 Partners said,
“We look forward to working closely with them (Kaar Tech) in helping them expand their geographic presence in the US and Europe and in their journey towards becoming a publicly listed company.”
A91 Partners is an investment firm investing across Consumer, Technology, Financial Services, and Healthcare sectors in India. Founded in 2018, the investment firm partners with entrepreneurs to build enduring businesses for tomorrow’s India.
Its current investments include Digit General Insurance, Aye Finance, Videoverse, GIVA, Exotel, Happilo, Sugar Cosmetics, Atomberg Technologies, Hector Beverages, Inshorts, La Renon, Shipsy, and Healthkart.
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