Technology
VedaCorp advised KaarTech, a leading AI transformation partner, on its Series B fundraise from Playbook Partners.
About
KaarTech
Founded in 2005 and headquartered in Chennai, KaarTech is a global AI-led enterprise transformation company specialising in Enterprise Operating System (EOS) modernisation across enterprise applications, data, cloud, and AI. With 3,000+ professionals across 15+ global regions, the company has delivered over 3,300 projects for leading enterprises worldwide, including Aramco. KaarTech is a 5-time Great Place to Work certified organisation and is known for its execution discipline and strong client partnerships. For more information, visit https://www.kaartech.com/
An operator-driven growth capital firm for Digital India, investing in leading mid-market businesses leveraging the tech-enabled transformation of the world’s fastest-growing economy. The founder was formerly President of India’s largest digital business, Reliance Jio, across telecom, media and e-commerce. Its leadership team brings in decades of large scale business-building and operating experience across Reliance, McKinsey, Bain Capital, Asian Paints, Automation Anywhere and Aakash Education. Investing track record of 20 years in private markets in India – 60+ investments, 10+ Unicorns/IPOs/Exits (InMobi, Myntra, Fractal, PolicyBazaar, Nazara, NSE, Rapido, etc.). For more information, visit www.playbook.in
Background
We are pleased to announce that our client, Kaar Technologies India Private Limited (“KaarTech”), has raised Series B funding led by Playbook Partners (“Playbook”).
KaarTech, headquartered in Chennai, is an AI transformation partner specializing in architecting end-to-end Enterprise Operating Systems (EOS) across applications, data and cloud. Over the past five years, KaarTech has delivered a 44% revenue CAGR, and has crossed ₹1,000+Cr in revenue, powered by its proprietary platform, KTern.AI, which embeds governance and outcome assurance into large-scale enterprise transformations.
The capital will be used to drive strategic acquisitions in Data Engineering and Analytics and further strengthening KaarTech’s AI-led Enterprise Operating System (EOS) platform, building towards a public listing.
Veda Corporate Advisors (“VedaCorp”) was the exclusive financial advisor to Kaartech, the Promoters and existing investor A91 in this transaction. VedaCorp provided comprehensive transaction advisory services covering identification of prospective investors, strategic positioning, deal structuring and negotiation of key commercial terms leading to the successful closure of the transaction.
“VedaCorp is a seasoned investment bank, with industry-leading professionals who played an outstanding role in setting the strategic direction, identifying a culturally compatible financial partner and exhibited great adeptness at orchestrating the nuances of a private equity transaction. They operated with great professionalism without missing the human quotient and were diligent, thorough, amiable and focused throughout the engagement”
Maran Nagarajan
CEO – KaarTech
“KaarTech has been at the forefront of Enterprise Operating Systems transformation, powered by its core pillars of governance, strong execution discipline and deep domain expertise. We believe that this partnership would further accelerate its journey towards an AI led transformation services leader with long term value for all its stakeholders”
Sivaraj Sekhar
Managing Director – VedaCorp