Debt Financing
SAP services player Kaar raises Rs.30-Cr from BlackSoil Capital
Kaar Technologies, a Chennai-based pre-play SAP consulting and services partner, has raised INR 30 crore in acquisition financing facility from Mumbai-based BlackSoil Capital. The funds will be used to help in its inorganic international expansion plans in the US market. The company intends to acquire a company in the SAP digital transformation space in North America within the next three-five months. The bootstrapped Kaar offers consultation, implementation, and support of SAP-based enterprise software solutions to enterprises across the world. The company has customers in the US, the UK, Bahrain, the Kingdom of Saudi Arabia, Kuwait, Qatar, Oman and the UAE.
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