KaarTech raises $11 million in round from Playbook Partners

KaarTech, an enterprise infrastructure company, has secured $11 million in a fresh round of funding from growth-stage fund Playbook Partners.

With this new investment, Playbook Partners joins other investors such as Mumbai-based A91 Partners, which already owns about 30% of the company. A91 Partners had invested $30 million in KaarTech in 2023.

This funding round valued KaarTech at Rs 2,000 crore.

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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 offers an enterprise operating system to large companies such as Saudi Aramco, google, Mitsubishi Electric, and Booking.com.

Although it is an Indian company, KaarTech earns 100% of its revenue from the Gulf countries, North America, and Europe. The company has built domain-specific knowledge systems and focuses on large enterprises in sectors such as aviation, energy, and government.

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KaarTech has grown at a compound annual growth rate (CAGR) of 44% over the last five years and expects to close FY26 with revenue of more than Rs 1,000 crore. In FY25, the company reported a net profit of Rs 7.7 crore on total revenue of Rs 726 crore.

In FY24, the company had reported a loss of Rs 67 crore due to a sharp increase in expenses while setting up its North America operations.

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