KaarTech, a Chennai-based consulting firm specializing in digital transformation, has made a significant stride in its journey by securing $30 million in its first round of external funding. This digital transformation startup, deeply embedded within the SAP and S/4 HANA ecosystem, demonstrates a formidable potential for growth and innovation.
KaarTech Secures Funding: An Overview
In this groundbreaking round, Mumbai-based A91 Partners emerged as the lead investor. As part of the agreement, Gautam Mago and Kaushik Anand from A91 Partners will be joining the KaarTech Board. This collaboration signifies a powerful alliance that will help drive the digital services company towards its ambitious goals.
Investors Joining the KaarTech Board
The startup announced that it would channel the raised capital towards fuelling its organic and inorganic growth. The targeted markets include the Middle East, the European Union, and North America. Given KaarTech’s extensive portfolio of services, this geographical expansion will enable the firm to serve a broader clientele with its unique digital solutions.
Future Plans with the Raised Capital
KaarTech, founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumar M, and George Guardian, boasts an impressive repertoire of services in the SAP ecosystem. Their specialties include discrete manufacturing, professional services automation, process manufacturing, and consumer packaged goods.
Maran Nagarajan, commenting on the fundraising event, said, “This association will bolster our ability to expand geographically and augment our services portfolio in-organically. 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.”
KaarTech Aspirations for Going Public
“The partnership with A91 will catapult KaarTech into an unprecedented era of expansion, propelling us towards our aspiration of going public, despite our humble bootstrapped origins.” – He further added.
With the firm’s revenue having doubled over the past 24 months, this aspiration seems well within reach.
The future of the KaarTech SAP Ecosystem
As we follow KaarTech on its upward trajectory, we anticipate seeing the impact of its enhanced geographical presence and the unfolding journey towards becoming a publicly listed company. Indeed, the future seems bright for this digital transformation startup.
Do you think KaarTech will change the landscape of digital transformation in the SAP ecosystem? Share your thoughts in the comments below!