About Kaar Technologies
Kaar Technologies is a company based in Chennai (India) founded in 2005 by Frans Damen, Ratnakumar Nagarajan, Gaurdian George, Selva Kumaran, and Maran Nagarajan.. Kaar Technologies has raised $31.09 million across 6 funding rounds from investors including BlackSoil, A91 Partners and Mahesh Kanna. The company has 1,606 employees as of April 30, 2025. Kaar Technologies has completed 1 acquisition, including Dunn Solutions. Kaar Technologies operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Chennai, India
- Employees 1606 as on 30 Apr, 2025
- Founders Frans Damen, Ratnakumar Nagarajan, Gaurdian George, Selva Kumaran, Maran Nagarajan
- Stage Minicorn
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Sectors
Business ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$55.73 M (USD)27as on Mar 31, 2024
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Net Profit
$-8.09 M (USD)-489as on Mar 31, 2024
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EBITDA
$-4.31 M (USD)-184as on Mar 31, 2024
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Total Equity Funding
$31.09 M (USD)
in 6 rounds
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Latest Funding Round
$30 M (USD), Series A
Jun 26, 2023
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Investors
BlackSoil
& 81 more
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Employee Count
1606
as on Apr 30, 2025
- Investments & Acquisitions
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Funding Insights of Kaar Technologies
Kaar Technologies has successfully raised a total of $31.09M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $30 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $30.0M
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First Round
First Round
(05 May 2006)
- Investors Count 82
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Kaar Technologies | Valuation | A91 Partners |
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| Oct, 2021 | Amount | Debt – Venture - Kaar Technologies | Valuation |
investors |
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| Oct, 2020 | Amount | Angel Round - Kaar Technologies | Valuation | Shahinsha Abdul Basheer |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kaar Technologies
Kaar Technologies has secured backing from 82 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BlackSoil, A91 Partners and Mahesh Kanna. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment partnerships and support for founders in software, financial services, and consumer sectors.
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Founded Year | Domain | Location | |
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Private debt is provided to growth-stage companies by BlackSoil.
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Founded Year | Domain | Location | |
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ERP services are provided by Kaar Solutions India to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kaar Technologies
Kaar Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Dunn Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Business solutions and services are provided to support organizational operations.
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1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Kaar Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kaar Technologies Comparisons
Competitors of Kaar Technologies
Kaar Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kaar Technologies
Frequently Asked Questions about Kaar Technologies
When was Kaar Technologies founded?
Kaar Technologies was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Kaar Technologies located?
Kaar Technologies is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Kaar Technologies?
Maran Nagarajan is the current CEO of Kaar Technologies. They have also founded this company.
Is Kaar Technologies a funded company?
Kaar Technologies is a funded company, having raised a total of $31.09M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $684.18K, raised on May 05, 2006.
How many employees does Kaar Technologies have?
As of Apr 30, 2025, the latest employee count at Kaar Technologies is 1,606.
What is the annual revenue of Kaar Technologies?
Annual revenue of Kaar Technologies is $55.73M as on Mar 31, 2024.
What does Kaar Technologies do?
Kaar Technologies was founded in 2005 in Chennai, India, as a consulting firm focused on digital transformation and SAP systems. Services are delivered across cloud, analytics, IoT, blockchain, RPA, AIML, ERP, supply chain, HCM, procurement, and mobility domains. Solutions are designed and deployed to support operational enhancements for clients globally, with leadership provided by co-founders including Maran Nagarajan as CEO.
Who are the top competitors of Kaar Technologies?
Kaar Technologies's top competitors include 1&1 IONOS, Booz Allen Hamilton and Genpact.
How many acquisitions has Kaar Technologies made?
Kaar Technologies has made 1 acquisition, including Dunn Solutions.
Who are Kaar Technologies's investors?
Kaar Technologies has 82 investors. Key investors include BlackSoil, A91 Partners, Mahesh Kanna, Gokul N, and Mukesh Mani S.
What is Kaar Technologies's valuation?
The valuation of Kaar Technologies is $11.64M as of Oct 2020.
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