KaarTech, a company that provides enterprise infrastructure services, has raised $11 million in a new funding round from Playbook Partners.
With this investment, Playbook Partners has joined the company’s existing investors, including A91 Partners, a Mumbai-based investment firm. A91 Partners had already invested $30 million in 2023 and currently owns about 30% of KaarTech.
After this new funding round, KaarTech is now valued at around ₹2,000 crore.
The company plans to use the funds to grow its business in North America and Europe and hire more talent in those regions. It also plans to acquire companies that can strengthen its product offerings in those markets.
Playbook Partners Managing Partner Vikas Choudhury said the company helps large enterprise clients move their systems from on-premises infrastructure to the cloud. He added that it also helps these companies become AI-ready.
“They can actually ride the AI wave, they are not a typical software firm writing codes, they help in cloud migration and work in data applications and cloud infrastructure, a space where they have huge growth opportunities,” Choudhury said.
Founded in 2006, KaarTech provides an enterprise operating system for large global companies. Its clients include major organizations like Saudi Aramco, Google, Mitsubishi Electric, and Booking.com.
Even though KaarTech is an Indian company, it earns all of its revenue from international markets. Most of its income comes from the Gulf countries, North America, and Europe.
The company has developed specialized knowledge systems for different industries. It mainly works with large enterprises in sectors such as aviation, energy, and government.
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