Kaar Technologies, a Chennai based-consulting company specialised in SAP services, is planning to raise around Rs 40 crore through private equity) to fund its expansion, product development and promotion.

The company on Monday opened its new data centre in Chennai. “We have invested Rs 2 crore in the centre and will be infusing another Rs 10 core for developing new products,” Kaar Technologies’ chief executive Maran Nagarajan said.

Source: Business Standard

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