Marking 4X Valuation Growth Since 2023 and Charting a Decisive Path to IPO
India | March 10, 2026: KaarTech, a global AI-led enterprise transformation partner, has raised $11 million (approximately ₹100 crore) in a Series B primary funding round led by Playbook Partners.
This follows the company’s earlier $30 million funding round in July 2023 led by A91 Partners, marking another milestone in KaarTech’s growth journey.
The funding comes on the back of strong growth for the company, which recently crossed ₹1,000 crore in revenue while delivering a 44% revenue CAGR over the past five years. This growth journey has been enabled by its proprietary platform, KTern.AI, which embeds governance and outcome assurance into large-scale enterprise transformations.
The fresh capital will be deployed to accelerate KaarTech’s next phase of growth, with a focus on strengthening its AI, data, and industry innovation capabilities. The company plans to pursue a strategic acquisition to deepen its data engineering and analytics capabilities, enabling stronger AI-driven insights for enterprise clients, while continuing to invest in Kaar’s AI-led Enterprise Operating System (EOS) platform to deliver more scalable, outcome-driven transformation programs. Kaar Enterprise Operating System is expected to be rolled out to existing KaarTech customers starting Q2 FY27, with full general availability planned for Q4 FY27. New enterprise clients will also be able to engage through a complimentary AI Readiness Assessment to identify priority use cases, evaluate data readiness, and develop a tailored AI transformation roadmap. The investment will also support the expansion of KaarTech’s global AI Labs, including an Oil & Gas AI Lab in Houston focused on developing high-impact AI use cases for the energy sector, and AI Labs in Bangalore and Chennai serving industries such as CPG & Retail, Engineering & Natural Resources (ENR), and Utilities, where teams will develop industry-specific AI solutions and SLM-based foundation models tailored to enterprise use cases.
Maran Nagarajan, Founder & CEO, KaarTech, said, “This raise marks a defining chapter in KaarTech’s journey. A 4X growth in enterprise value since our Series A reflects the trust placed in us by our employees, customers, partners, and stakeholders, and the discipline with which we have executed our strategy.
As we are driving a clear shift toward an outcome-led Enterprise Operating System, where AI, data, and enterprise platforms come together to deliver measurable business impact, this partnership with Playbook Partners enables us to further deepen our Data Engineering and Analytics capabilities, pursue strategic acquisitions, and scale our AI-led Enterprise Operating System globally. Our priority remains building a resilient, institution-grade enterprise designed for sustained, long-term impact.”
Vikas Choudhury, Managing Partner, Playbook Partners, added, “At Playbook Partners, we back founders building enduring institutions with strong execution discipline. KaarTech stands out for its deep domain expertise, AI-led transformation capabilities, and strong client relationships. With operations across the US, Europe, and the Middle East, the company has demonstrated remarkable value creation in recent years. We believe KaarTech is well-positioned to capitalize on the rapidly growing demand for AI-enabled enterprise capabilities across industries.”
