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KaarTech raises $11 Mn led by Playbook Partners

EntrackrEntrackr · 2h ago
KaarTech raises $11 Mn led by Playbook Partners
Medial

News All Stories KaarTech raises $11 Mn led by Playbook Partners Digital transformation consulting company KaarTech has raised $11 million (about Rs 100 crore) in a funding round led by Playbook Partners. The round also saw participation from existing backer A91 Partners. Entrackr had exclusively reported the current round last week. According to Entrackr’s estimates, KaarTech is valued at around Rs 2,100 crore or around $231 million (post-money). In July 2023, KaarTech raised $30 million from A91 Partners. As per an ET report, the proceeds will be used to expand KaarTech’s presence in North America and Europe, strengthen hiring in those regions, and explore acquisitions that can enhance its product stack. Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran M and Guardian George, the company helps enterprises migrate legacy systems to cloud-based infrastructure and build AI-ready technology stacks. KaarTech provides SAP-led digital transformation services to enterprises, including cloud migration, data platforms, AI and automation, analytics, and managed services. The company works with large global clients across sectors such as aviation, energy and government. The Chennai-based firm’s revenue grew 56.8% to Rs 718 crore in FY25 from Rs 458 crore in FY24. It also turned profitable in FY25, reporting a net profit of Rs 7.74 crore in FY25 compared to a loss of Rs 66.93 crore in FY24. The company primarily serves international markets, including the Gulf region, North America and Europe, and is targeting revenue of more than Rs 1,000 crore in FY26.

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Exclusive: KaarTech raises Rs 100 Cr from Playbook Partners

EntrackrEntrackr · 5d ago
Exclusive: KaarTech raises Rs 100 Cr from Playbook Partners
Medial

Exclusive: KaarTech raises Rs 100 Cr from Playbook Partners Digital transformation consulting company KaarTech has raised around $11 million (Rs 100 crore) from Playbook Partners, the backer of Renee Cosmetics. The new round came on the back of its profitability and 56% year-on-year growth in FY25, with revenue surpassing Rs 700 crore. KaarTech’s regulatory filings with the Registrar of Companies (RoC) show that its board approved the issuance of 4,00,520 Series B CCPS at an issue price of Rs 2,496.75 apiece to raise Rs 100 crore from Playbook Partners. The proceeds will be utilised towards capital expenditure, business expansion, and general working capital requirements, the filings said. According to Entrackr’s estimates, KaarTech is valued at around Rs 2,100 crore or around $231 million (post-money). In July 2023, KaarTech raised $30 million from A91 Partners. Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran M, and Guardian George, KaarTech is a technology and consulting company focused on SAP-led digital transformation. It provides services like SAP implementation and support, cloud and data services, AI and automation, analytics, and managed services to help enterprises manage and optimize business operations. A91 Partners continued to be the largest external shareholder with a 32.78% stake, while Playbook Partners held 4.76% following the allotment of this round. The company’s co-founders Maran Nagarajan, Ratnakumar N, Selvakumaran Manickam, and Guardian George held 14.90%, 9.99%, 7.31%, and 8.01% stakes, respectively. The Chennai-based firm’s revenue grew 56.8% to Rs 718 crore in FY25 from Rs 458 crore in FY24. It also turned profitable in FY25, reporting a net profit of Rs 7.74 crore in FY25 compared to a loss of Rs 66.93 crore in FY24.

Subway India operator EverBrands raises $15 Mn led by Playbook Partners

EntrackrEntrackr · 23d ago
Subway India operator EverBrands raises $15 Mn led by Playbook Partners
Medial

EverBrands, operator of Subway and Lavazza in India, has raised a $15 million round led by Playbook Partners. The fresh capital will be used to strengthen its multi-brand food and beverage platform and support further expansion across India. An ET report said that Playbook Partners will acquire a 5% stake in Subway India’s parent, valuing the company at around Rs 2,600–2,800 crore. The investment comes as Subway India recently crossed the 1,000-store milestone. The brand has added stores at an average pace of around two outlets per week over the past three years. EverBrands operates Subway in India through Culinary Brands India Private Limited and also manages Lavazza Coffee, F&H Coffee, and distributes Dilmah Tea in India through Fresh and Honest Café Private Limited. EverBrands operates across quick service restaurants and café formats, targeting urban consumers. Founded by former Reliance Jio executive Vikas Choudhury, Playbook Partners focuses on investing in mid-market businesses leveraging technology-enabled growth. The firm was launched by former Reliance Jio executive Vikas Choudhury and invests in scalable businesses across sectors. This marks Playbook Partners’ third investment in India following the first close of its $250 million fund.

CapGrid Solutions raises $5 Mn led by Anicut Capital

EntrackrEntrackr · 1y ago
CapGrid Solutions raises $5 Mn led by Anicut Capital
Medial

CapGrid Solutions raises $5 Mn led by Anicut Capital B2B manufacturing startup CapGrid Solutions has raised $5 million (around Rs 45 crore) in a funding round led by Anicut Growth Fund. The round also saw participation from existing investors Nexus Venture Partners and Axilor Ventures. Earlier in January 2023, CapGrid had raised $7 million led by Nexus Venture Partners. The round closed at a valuation of Rs 305 crore after the investment, according to an ET report. The proceeds will be used for global expansion and investments in technology to improve supply chain and operational efficiencies. Founded in 2020 by Tiwari and Himanshu Singh Raghuvanshi, CapGrid helps car part makers and suppliers by making it easier to find and buy the materials they need. It helps OEMs procure precision parts and components from suppliers that it has tied up with. CapGrid currently operates around 11 fulfilment centres and has 50 strategic supply manufacturing partners. The Gurugram-based startup claims to have recorded a revenue of around Rs 99 crore in the last fiscal year and expects to reach Rs 220 crore in FY25.

Ice cream brand Go Zero raises $1.5 Mn

EntrackrEntrackr · 1y ago
Ice cream brand Go Zero raises $1.5 Mn
Medial

Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.

Sugar.fit raises $5 Mn more in Series A led by B Capital

EntrackrEntrackr · 1y ago
Sugar.fit raises $5 Mn more in Series A led by B Capital
Medial

Sugar.fit, a healthtech focused on type 2 diabetes and prediabetes, has raised $5 million more in its Series A round led by B Capital with participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit). In October last year, the startup had raised $11 million in its Series A round led by MassMutual Ventures. The new capital will be used to expand Sugar.fit’s technology stack and product range, increase brand presence, and speed up research and development in diabetes management, the company said in a press release. Founded by Madan Somasundaram, Sugar.fit offers a diabetes care program that combines innovative technology with personalized human interventions. Diabetes doctors and nutritionists use devices such as continuous glucose monitors, fitness trackers, and health diagnostics to monitor the real-time impact of users’ lifestyles on their glucose levels. In the last 18 months, the brand claims to have witnessed significant growth in paid subscribers, currently serving more than 30,000 users on its platform. The brand has also established an omnichannel presence, starting in Bengaluru, and now operates seven diabetes clinics with doctors in diabetes care across the city.

Exclusive: Proptech startup Truva raises $6.3 Mn at over $30 Mn valuation

EntrackrEntrackr · 2m ago
Exclusive: Proptech startup Truva raises $6.3 Mn at over $30 Mn valuation
Medial

Proptech startup Truva has raised over $6.32 million from existing investors Stellaris Venture Partners and Orios Venture Partners. Truva’s board has issued 54,628 Series A Compulsorily Convertible Preference Shares (CCPS) at an issue price of Rs 10,383 per share to raise a total of Rs 56.72 crore, according to its regulatory filing with the Registrar of Companies (RoC). Stellaris Venture Partners led the round with an investment of Rs 30.5 crore, followed by Orios Venture Partners, which infused Rs 26.22 crore. The fresh funds will be utilised for working capital requirements and business expansion of the company, as per the RoC filing. According to Entrackr’s estimates, Truva is valued at around Rs 284 crore ($31.60 million) on a post-money basis. Founded in 2023 by Puneet Arora, Monil Singhal and Ankit Gupta, Truva provides detailed property listings with extensive insights and support for buyers, including help with financing, paperwork, and registration. The startup also offers features such as natural light scores, noise ratings, 3D tours, and high-quality photos and videos. After the fresh allotment, Stellaris Venture Partners holds a 24.53% stake in Truva, while Orios Venture Partners owns 9.24%, respectively. The co-founders, Puneet Arora, Monil Singhal and Ankit Gupta collectively hold 54.87% stake in the company, with 18.29% each. Before this, the company had raised $3 million in a seed funding round led by early-stage venture capital firm Stellaris Venture Partners. For the year ended March 2024, Truva generated Rs 10.88 lakh in operating revenue and reported a loss of Rs 10.30 lakh, reflecting its early-stage, pre-revenue operations. The company is yet to file its financial statements for FY25.

Uniqus Consultech raises $20 Mn in Series C round led by Nexus

EntrackrEntrackr · 10m ago
Uniqus Consultech raises $20 Mn in Series C round led by Nexus
Medial

Uniqus Consultech, a global consulting firm, has raised $20 million in its Series C round led by Nexus Venture Partners with participation from Sorin Investments. Both VCs are existing investors in the company. The proceeds will be used to accelerate growth, expand service offerings, and increase the company’s geographical presence. Founded in 2022 by former KPMG and EY leaders Jamil Khatri and Sandip Khetan, Uniqus provides consulting services in accounting, reporting, finance operations, ESG, and technology. Uniqus has developed several proprietary platforms, including UniQuest for GenAI-powered search and analysis, Risk UniVerse for financial controls and compliance, Reporting UniVerse for data management, and ESG UniVerse for environmental and governance reporting. The company also partners with firms like Cranium AI to support AI risk management. The company had previously raised $12.5 million in Series A and $10 million in Series B round. It currently operates across 11 cities in India, the US, and the Middle East, serving over 250 clients with a workforce of more than 550 professionals. The company is targeting $100 million in revenue by 2026, up from its estimated current revenue of $86.6 million. Its competitors include big firms such as Accenture, PwC, Infosys, and Deloitte.

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