About Karma Life
Karma Life is a company based in London (United Kingdom) founded in 2015.. Karma Life has raised $16.42 million across 4 funding rounds from investors including Electrolux, Bessemer Venture Partners and Kinnevik. Karma Life offers products and services including Mobile Order & Pay, Online Ordering / Takeaway, Instant Pay, Self Ordering Kiosk, and Email Marketing. Karma Life operates in a competitive market with competitors including Too Good To Go, Motatos, Matsmart and Smala Lokal, among others.
- Headquarter London, United Kingdom
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Sectors
ConsumerRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Karmalicious Ab
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Annual Revenue
$445.23 K (USD)186as on Dec 31, 2018
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Net Profit
$-3.16 M (USD)-123as on Dec 31, 2018
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EBITDA
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Total Equity Funding
$16.42 M (USD)
in 4 rounds
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Latest Funding Round
$12 M (USD), Series A
Aug 15, 2018
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Investors
Electrolux
& 10 more
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Employee Count
Employee Count
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Products & Services of Karma Life
Karma Life offers a comprehensive portfolio of products and services, including Mobile Order & Pay, Online Ordering / Takeaway, Instant Pay, Self Ordering Kiosk, and Email Marketing. 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.
Enables guests to order and pay via mobile devices quickly.
Facilitates online orders and real-time updates for takeaway services.
Allows quick bill payments using QR codes for seamless transactions.
Provides touch-screen ordering to reduce wait times and staffing needs.
Sends targeted campaigns to boost customer engagement and sales.
Rewards repeat visits to encourage brand loyalty and returns.
Connects businesses to sell excess food and reduce waste effectively.
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Funding Insights of Karma Life
Karma Life has successfully raised a total of $16.42M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in August 2018. 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 4
- Last Round Series A — $12.0M
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First Round
First Round
(28 Dec 2015)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series A - Karma Life | Valuation | Kinnevik | |
| Jul, 2017 | Amount | Series A - Karma Life | Valuation | eEquity | |
| Nov, 2016 | Amount | Seed - Karma Life | Valuation | DHS Venture Partners , Foxhelm Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Karma Life
Karma Life has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Electrolux, Bessemer Venture Partners and Kinnevik. 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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Venture capital investments are directed toward multiple sectors by Kinnevik.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups across multiple sectors.
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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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Founded Year | Domain | Location | |
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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 Karma Life
| 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 - Karma Life
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Karma Life Comparisons
Competitors of Karma Life
Karma Life 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 Too Good To Go, Motatos, Matsmart and Smala Lokal, 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 |
Unsold surplus food is connected to users via mobile app.
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| domain | founded_year | HQ Location |
Multi-category products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Surplus grocery products are retailed online at discounted prices.
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| domain | founded_year | HQ Location |
Platform for local drinks, food crafts, and home cultivation guides.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Latest news on Karma Life
Frequently Asked Questions about Karma Life
When was Karma Life founded?
Karma Life was founded in 2015.
Where is Karma Life located?
Karma Life is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Karma Life a funded company?
Karma Life is a funded company, having raised a total of $16.42M across 4 funding rounds to date. The company's 1st funding round was a Seed of $752.12K, raised on Dec 28, 2015.
What is the annual revenue of Karma Life?
Annual revenue of Karma Life is $445.23K as on Dec 31, 2018.
What does Karma Life do?
Karma was founded in 2015 in London, United Kingdom, within the food technology sector. A mobile platform is operated to link restaurants, grocery stores, and cafes with users seeking surplus items. Discounted purchases are enabled through Android and iOS applications, with collection handled directly at the venues. Operations focus on reducing food waste across urban areas in the UK.
Who are the top competitors of Karma Life?
Karma Life's top competitors include Too Good To Go, Matsmart and Motatos.
What products or services does Karma Life offer?
Karma Life offers Mobile Order & Pay, Online Ordering / Takeaway, Instant Pay, Self Ordering Kiosk, and 3 more products and services.
Who are Karma Life's investors?
Karma Life has 11 investors. Key investors include Electrolux, Bessemer Venture Partners, Kinnevik, Headline, and eEquity.