About Arma Karma
Arma Karma is a company based in Colchester (United Kingdom) founded in 2019 by Chris Frogner and Ben Smyth was acquired by Bspoke Group in March 2025.. The company has 5 employees as of October 31, 2021. Arma Karma offers products and services including Phone Insurance, Laptop Insurance, Tablet Insurance, Smartwatch Insurance, and Jewellery Insurance. Arma Karma operates in a competitive market with competitors including Superscript, Esure, QMetric Group, Ripe Thinking and CFC, among others.
- Headquarter Colchester, United Kingdom
- Employees 5 as on 31 Oct, 2021
- Founders Chris Frogner, Ben Smyth
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Arma Karma Limited
- Date of Incorporation 17 May, 2019
- Jurisdiction COLCHESTER, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
5
as on Oct 31, 2021
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Acquired by
Bspoke Group
(Mar 18, 2025)
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Products & Services of Arma Karma
Arma Karma offers a comprehensive portfolio of products and services, including Phone Insurance, Laptop Insurance, Tablet Insurance, Smartwatch Insurance, and Jewellery Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Monthly subscription for protecting mobile phones.
Coverage for laptops against damage and loss.
Subscription plan for tablet protection.
Insurance for smartwatches and wearable devices.
Monthly coverage for personal jewelry items.
Funding Insights of Arma Karma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Arma Karma
Arma Karma has secured backing from 1 investor. Prominent investors backing the company include Bspoke Group. 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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Multi-class niche and specialist insurance is provided via MGA businesses.
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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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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 Arma Karma
| 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 |
Financial Statements - Arma Karma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Arma Karma Comparisons
Competitors of Arma Karma
Arma Karma 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 Superscript, Esure, QMetric Group, Ripe Thinking and CFC, 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 |
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| domain | founded_year | HQ Location |
Online insurance is offered to small businesses and freelancers.
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Insurance provider for car, travel
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Insurance provider
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| domain | founded_year | HQ Location |
Property and casualty insurance is provided via an online platform.
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| domain | founded_year | HQ Location |
Online health and P&C insurance is provided for businesses.
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| domain | founded_year | HQ Location |
Provides app-based insurance services for cars and homes, offering convenient coverage options.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Frequently Asked Questions about Arma Karma
When was Arma Karma founded?
Arma Karma was founded in 2019.
Where is Arma Karma located?
Arma Karma is headquartered in Colchester, United Kingdom.
Who is the current CEO of Arma Karma?
Ben Smyth is the current CEO of Arma Karma. They have also founded this company.
How many employees does Arma Karma have?
As of Oct 31, 2021, the latest employee count at Arma Karma is 5.
What does Arma Karma do?
Subscription-based PC insurance platform for individuals. It offers quotes for phones, tablets, laptops, bikes, jewellery, sports equipment, musical instruments, and more. It also offers online claims settlement services.
Who are the top competitors of Arma Karma?
Arma Karma's top competitors include Superscript, Esure and QMetric Group.
What products or services does Arma Karma offer?
Arma Karma offers Phone Insurance, Laptop Insurance, Tablet Insurance, Smartwatch Insurance, and Jewellery Insurance.
Who are Arma Karma's investors?
Arma Karma has 1 investor. Key investors include Bspoke Group.
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