KaarTech secures $30 million funding from A91 Partners

05 Jul 2023 CW Team

KaarTech, a leading B2B digital consulting start-up, announced that it has successfully raised $30 million in funding from A91 Partners. The newly secured funds will be utilised to facilitate KaarTech's expansion in West Asia, the European Union, and entry into the North American market, according to a statement released by the company. Gautam Mago and Kaushik Anand, partners at A91, will join KaarTech's board, bringing their valuable expertise to the firm.

Maran Nagarajan, the founder and CEO of KaarTech, expressed his enthusiasm about the partnership, stating, "This collaboration will enhance our ability to expand geographically and enrich our services portfolio through strategic acquisitions. Our goal is to become the preferred partner for customers seeking digital transformation journeys in SAP, cloud ecosystems, customer experience, process automation, and data analytics, while leveraging KaarTech's core strengths in logistics, supply chain, financial management, and human capital management."

Veda Corporate Advisors played a crucial role as the exclusive financial advisor to the company and its promoters throughout the deal. KaarTech specialises in providing cutting-edge solutions within the SAP ecosystem, encompassing areas such as manufacturing, professional services automation, and consumer packaged goods.

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