About Karbon
Karbon is a Technology company based in Bengaluru (India) founded in 2019 by Jianwei Jack Chen, Kartik Jain, Bo Li, Amit Jangir, and Pei Fu Hsieh. International payment and corporate expense solutions are offered to businesses. It operates on a FinTech and Commission-Based model in Technology and Financial Services sectors. Karbon has raised $30.2 million across 6 funding rounds from investors including Mercury, Ramp and Northern Arc Capital. The company has 78 employees. Its chief executive, as recorded, is Pei Fu Hsieh. Its website karboncard.com draws about 51 thousand monthly visits. Its Indian entity Interropac Private Limited reported revenue of ₹5.84 Cr. Karbon offers products and services including Karbon Forex Remittance, Karbon Corporate Card, AI Accountant, and Cloud Discounts. Its focus areas include FinTech and Payment Solutions. Its competitors include Zaggle, Happay and EnKash; 3 of its 3 listed competitors have raised funding.
Company details
Karbon is engaged in providing fintech solutions for Indian businesses, specializing in foreign remittance services for B2B payments. Services are offered to exporters, importers, freelancers, and e-commerce businesses, ensuring low fees and fast transactions. Additionally, corporate cards for expense management, AI-driven accounting solutions, and cloud cost-saving options are provided. The company targets sectors like D2C e-commerce, IT services, and global marketplaces, aiming to streamline international financial operations with reliable banking partnerships.
- Headquarters Bengaluru, India
- Employees 78
- Founders Jianwei Jack Chen, Kartik Jain, Bo Li, Amit Jangir, Pei Fu Hsieh
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website karboncard.com
- Social LinkedIn X Facebook Instagram
- Legal Name Interropac Private Limited
- Date of Incorporation 05 Oct, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.84 Cr
FY 2025 · -60% YoY
- Net Loss-₹18.74 Cr
FY 2025 · -321% margin
- EBITDA-₹17.25 Cr
FY 2025 · -295% margin
- Total Equity Funding$30.2M (USD)
in 6 rounds
- Latest Funding Round$7.08M (USD), Debt – Conventional
May 2022
- InvestorsMercury
& 16 more
- Employee Count78
Associated legal entities of Karbon
Karbon is associated with 2 registered companies on The Company Check; the primary company is Interropac Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Interropac Private Limited CIN U74999KA2018PTC133447 | Active | 05 Oct 2018 | Bangalore, Karnataka | ₹5.8 Cr | 78 | 2 | View details |
| Medplus Health Services Limited Listed CIN L85110TG2006PLC051845 | Active | 30 Nov 2006 | Hyderabad, Telangana | ₹6,964 Cr | 1,343 | 9 | View details |
Products & Services of Karbon
Karbon offers a comprehensive portfolio of products and services, including Karbon Forex Remittance, Karbon Corporate Card, AI Accountant, and Cloud Discounts.
Foreign remittance payments are facilitated with low fees.
Corporate expenses are managed with real-time tracking features.
Accounting tasks are reduced by AI-driven automation tools.
Cloud costs are reduced through partnerships and discounts.
Funding Insights of Karbon
Karbon has successfully raised a total of $30.2M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $7.08 million completed in May 2022. 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 $30.2M
- Total Rounds 6
- Last Round Debt – Conventional — $7.08M
- Investors Count 17
All 6 funding rounds of Karbon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $7.08M | Debt – Conventional | – | – | |
| Feb 2022 | $15M | Series A | – | Olive Tree Capital, Avenir Growth Capital | |
| Aug 2021 | $12M | Seed | – | – | |
| May 2021 | $1.2M | Seed | – | – | |
| Mar 2020 | $2M | Seed | – | Kunal Shah, Amrish Rau | |
| Jun 2019 | Seed | – | – |
17 investors in total: 14 institutional and 3 angel.
Investors in Karbon
Karbon has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mercury, Ramp and Northern Arc Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of a venture capital firm that invests in technology and life sciences companies | olivetreecapital.com | Boston, United States | ||
Growth equity investments are made by the private equity firm. | avenirgrowth.com | New York, United States | ||
Venture capital firm focused on early-stage investments | 2013 | oriosvp.com | Mumbai, India | |
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Venture capital firm focused on multiple sectors | rainfall.com | New York, United States | ||
Early-stage startups are invested in by MyAsiaVc venture capital fund. | myasiavc.com | Singapore, Singapore | ||
Investment support is provided to startups by Whiteboard Capital. | 2017 | whiteboardcap.com | Mumbai, India | |
Household and business loans are provided with risk management support. | 2006 | northernarc.com | Chennai, India | |
Provider of financial inclusion services to underserved sectors | 2016 | ucinclusive.in | Bengaluru, India | |
Financial solutions including loans are provided for SMEs and corporates. | 2016 | oxyzo.in | Gurugram, India |
Investor details for Karbon
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Board of directors of Interropac Private Limited (Karbon)
Interropac Private Limited is the primary company behind Karbon. The boards of the 2 registered companies of Karbon currently have 8 directors; the longest-serving is Madhukar Reddy Gangadi, appointed in 2006. 39 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Madhukar Reddy Gangadi DIN 00098097 | Managing Director | 30 Nov 2006 | 19 yrs 11 mo | Medplus Health Services Limited |
| Bhagath Gottipaty DIN 08767495 | Whole-time director | 29 Jul 2023 | 3 yrs 3 mo | Interropac Private Limited |
| Bhaskar Reddy Cherukupalli DIN 00926550 | Whole-time director | 26 Oct 2023 | 3 yrs | Medplus Health Services Limited |
| Aparna Surabhi DIN 01641633 | Director | 01 Jul 2024 | 2 yrs 4 mo | Medplus Health Services Limited |
| Muralidharan Thyagarajan DIN 00052097 | Director | 18 Dec 2024 | 1 yr 10 mo | Medplus Health Services Limited |
| Lopamudra Chakraborty DIN 11058464 | Whole-time director | 05 Oct 2025 | 1 yr 1 mo | Interropac Private Limited |
| Mohanakrishna Reddy Arvabumi DIN 00093185 | Director | 20 May 2026 | 5 mo | Medplus Health Services Limited |
| Ajit Pandurang Rangnekar DIN 01676516 | Director | 20 May 2026 | 5 mo | Medplus Health Services Limited |
People of Karbon
43 people are tracked at Karbon (29 in leadership, 14 in team); the tracked headcount is 78.
| Name | Role | Group |
|---|---|---|
Jianwei Jack Chen | Co-Founder & CTO | Leadership |
Kartik Jain | Co-Founder | Leadership |
Bo Li | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Pei Fu Hsieh | Co-Founder & CEO | Leadership |
Ananya Pandey | Marketing Director | Leadership |
Meghana M. Dixit | VP of Growth | Leadership |
Bhagath G. | VP Of Products | Leadership |
Jianwei Chen | CTO | Leadership |
Siya Singh | Vice President of New Business Development | Leadership |
Paula D'Souza | Vice President of Growth | Leadership |
Manya Kashyap | Head of Business Strategy | Leadership |
Nikitha Reddy | Growth VP | Leadership |
Rahul Baid | Vice President - Credit | Leadership |
| Chief Human Resources Officer | Leadership | |
Ananya Chaddha | Vice President Operations | Leadership |
Sakshi Jyoti | VP of Growth | Leadership |
Rajiv Jain | Vice President Operations | Leadership |
Riddhi Sibbal | Vice President of Global Business Development | Leadership |
Suhana Gupta | Vice President of Business Development | Leadership |
23 more people are available in the full profile.
Complete people profiles for Karbon
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Karbon
Figures of Interropac Private Limited, the primary company behind Karbon, for FY 2025. Revenue was ₹5.84 Cr (-60% year on year). Net loss was -₹18.74 Cr (-321% margin). EBITDA was -₹17.25 Cr (-295% margin). Revenue has grown at a compounded annual rate of -33% over three years and +67% over five years.
- ₹5.84 CrRevenue · FY 2025 · -60% YoY
- -₹18.74 CrNet loss · -321% margin
- -₹17.25 CrEBITDA · -295% margin
- ₹32 LakhPaid-up capital
- 78Employees (provident fund records)
- -33%Revenue CAGR, 3 years
- +67%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Interropac Private Limited are on its company page.
Detailed financial statements for Karbon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Karbon
3 dated milestones of Karbon across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Karbon is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $7.1M.
Competitors of Karbon
Karbon has 3 listed competitors in our database, 3 of them funded. They include Zaggle, Happay and EnKash.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zaggle.in | 2011 | Hyderabad, India | $13.75M | 440 | Business spends, payments, and rewards are streamlined by automated workflows. | |
| happay.com | 2012 | Bengaluru, India | $22.35M | 225 | Expense management software and corporate cards are offered to businesses. | |
| enkash.com | 2018 | Mumbai, India | $23.5M | 34 | Provider of a platform for business spend management and payment solutions |
Detailed competitors of Karbon
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Karbon
The website of Karbon (karboncard.com) receives about 50.7K visits a month.
- Monthly visits50.7K
▲ 16.6% vs previous month
Websites whose visitors overlap most with Karbon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| razorpay.com | 100% | 34.9M | #1,536 | View details | |
| omnicard.in | 100% | 35K | #858,900 | View details | |
| finlaw.in | 96% | #3,216,079 | View details | ||
karbonfx.com | karbonfx.com | 95% | #15,265,122 | – | |
| zenus.com | 95% | 78.4K | #448,083 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Karbon
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Related news about Karbon
Complete news archive for Karbon
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Frequently Asked Questions about Karbon
Karbon was founded in 2019.
Karbon is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Pei Fu Hsieh is the CEO of Karbon, as recorded in our data. They have also founded this company.
Karbon is a funded company, having raised a total of $30.2M across 6 funding rounds to date.
Karbon has 78 employees.
The primary company behind Karbon, Interropac Private Limited, reported revenue of ₹5.84 Cr for FY 2025, down 60% year on year.
Karbon is engaged in providing fintech solutions for Indian businesses, specializing in foreign remittance services for B2B payments. Services are offered to exporters, importers, freelancers, and e-commerce businesses, ensuring low fees and fast transactions. Additionally, corporate cards for expense management, AI-driven accounting solutions, and cloud cost-saving options are provided. The company targets sectors like D2C e-commerce, IT services, and global marketplaces, aiming to streamline international financial operations with reliable banking partnerships.
Karbon offers Karbon Forex Remittance, Karbon Corporate Card, AI Accountant, and Cloud Discounts.
Karbon has 17 investors. Key investors include Mercury, Ramp, Northern Arc Capital, UC Inclusive Credit, and Oxyzo.
Karbon is associated with 2 legal entities: Interropac Private Limited, Medplus Health Services Limited.
The legal entities of Karbon currently have 10 directors, including Lopamudra Chakraborty, Bhagath Gottipaty, Madhukar Reddy Gangadi and others.