Playbook Partners Leads $11 Million Series B for KaarTech to Power AI-Led Expansion
The company will use the new capital to scale KTern.ai for AI-driven enterprise modernisation, targeting growth in North America and Europe.
Overview
- KaarTech said the funds will accelerate agentic AI rollouts via KTern.ai, expand data engineering, strengthen go-to-market, and support senior hiring.
- Management plans strategic acquisitions in developed markets to widen capabilities in data engineering and analytics and to speed geographic expansion.
- The firm reported its first profitable year in FY25 with PAT of ₹7.74 crore and revenue of ₹718 crore, up from ₹458 crore in FY24.
- Leaders signaled the raise as a step toward public markets, with plans to begin IPO preparations in FY27.
- Playbook Partners, led by Vikas Choudhury, led the round and noted a broader deal pipeline and sector focus while remaining cautious on cross-border and regulatory risks.