About Karbon
Karbon is a company based in Bengaluru (India) founded in 2019 by Jianwei Jack Chen, Kartik Jain, Bo Li, Amit Jangir, and Pei Fu Hsieh. It operates as a FinTech, and Commission-Based. Karbon has raised $30.2 million across 6 funding rounds from investors including Mercury, Ramp and Northern Arc Capital. The company has 78 employees as of August 30, 2024. Karbon offers products and services including Karbon Forex Remittance, Karbon Corporate Card, AI Accountant, and Cloud Discounts. Karbon operates in a competitive market with competitors including Zaggle, Sodexo, Jeeves, Happay and EnKash, among others.
- Headquarter Bengaluru, India
- Employees 78 as on 30 Aug, 2024
- Founders Jianwei Jack Chen, Kartik Jain, Bo Li, Amit Jangir, Pei Fu Hsieh
-
Sectors
TechnologyFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Interropac Private Limited
- Date of Incorporation 05 Oct, 2018
- Jurisdiction Bangalore, Karnataka, India
-
Annual Revenue
$3.99 M (USD)71.71as on Mar 31, 2023
-
Net Profit
$-1.27 M (USD)-3415.61as on Mar 31, 2023
-
EBITDA
$-807.13 K (USD)-463.72as on Mar 31, 2023
-
Total Equity Funding
$30.2 M (USD)
in 6 rounds
-
Latest Funding Round
$7.08 M (USD), Debt – Conventional
May 17, 2022
-
Investors
Mercury
& 16 more
-
Employee Count
78
as on Aug 30, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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. 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.
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.
Unlock access to complete
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 Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $7.1M
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Debt – Conventional - Karbon | Valuation |
investors |
|
| Feb, 2022 | Amount | Series A - Karbon | Valuation | Olive Tree Capital , Avenir Growth Capital | |
| Aug, 2021 | Amount | Seed - Karbon | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Provider of a venture capital firm that invests in technology and life sciences companies
|
Founded Year | Domain | Location | |
|
Growth equity investments are made by the private equity firm.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on early-stage investments
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Karbon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Karbon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Karbon Comparisons
Competitors of Karbon
Karbon 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 Zaggle, Sodexo, Jeeves, Happay and EnKash, 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 |
Business spends, payments, and rewards are streamlined by automated workflows.
|
|
| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
|
|
| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
|
|
| domain | founded_year | HQ Location |
Expense management software and corporate cards are offered to businesses.
|
|
| domain | founded_year | HQ Location |
Provider of a platform for business spend management and payment solutions
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Karbon
Frequently Asked Questions about Karbon
When was Karbon founded?
Karbon was founded in 2019.
Where is Karbon located?
Karbon is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Karbon?
Pei Fu Hsieh is the current CEO of Karbon. They have also founded this company.
Is Karbon a funded company?
Karbon is a funded company, having raised a total of $30.2M across 6 funding rounds to date. The company's 1st funding round was a Seed of $12M, raised on Jun 01, 2019.
How many employees does Karbon have?
As of Aug 30, 2024, the latest employee count at Karbon is 78.
What is the annual revenue of Karbon?
Annual revenue of Karbon is $3.99M as on Mar 31, 2023.
What does Karbon do?
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.
What products or services does Karbon offer?
Karbon offers Karbon Forex Remittance, Karbon Corporate Card, AI Accountant, and Cloud Discounts.
Who are Karbon's investors?
Karbon has 17 investors. Key investors include Mercury, Ramp, Northern Arc Capital, UC Inclusive Credit, and Oxyzo.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.