About Karma Shop
Karma Shop was a Retail company based in Delhi (India) founded in 2020 by Aamir Saifuddin Jariwala and Akshat Ghiya. Karma Shop manages an e-commerce store offering multi-category fashion products for men, women, and kids. It operates on a B2C model. Karma Shop has raised $269.15 thousand across 2 funding rounds from investors including Low Carbon Enterprise Fund, Infuse Ventures and Rubal Jain. Karma Shop was last valued at $1.46 million in June 2015. Its Indian entity Karma Recycling Private Limited reported revenue of ₹2.28 Cr. The company is recorded as dissolved. Its focus areas include Retail and E-commerce, Online Retail, Fashion E-commerce and Multi-Category Products. Its competitors include Myntra, Nykaa Fashion and Jabong; 2 of its 3 listed competitors have raised funding.
Company details
Karma Shop, established in 2020 and currently in Dissolved stage, focuses on retail and e-commerce, selling products via the internet, fashion e-commerce, and multi-category products. Karma Shop manages an e-commerce store offering multi-category fashion products for men, women, and kids. Adapting to market demands with innovation and client-focused strategies.
- Headquarters Delhi, India
- Founders Aamir Saifuddin Jariwala, Akshat Ghiya
- Stage Minicorn
- SectorsRetail
- Website karmashop.in
- Legal Name Karma Recycling Private Limited
- Date of Incorporation 07 Jul, 2010
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹2.28 Cr
FY 2016 · +107% YoY
- Net Loss-₹1.31 Cr
FY 2016 · -57% margin
- EBITDA-₹1.30 Cr
FY 2016 · -57% margin
- Total Equity Funding$269.15K (USD)
in 2 rounds
- Latest Funding Round$171.27K (USD), Seed
Jun 2015
- InvestorsLow Carbon Enterprise Fund
& 4 more
Associated legal entities of Karma Shop
Karma Shop operates through Karma Recycling Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Karma Recycling Private Limited CIN U37100DL2010PTC205431 | Strike Off | 07 Jul 2010 | New Delhi, Delhi | ₹2.3 Cr | 2 | View details |
Funding Insights of Karma Shop
Karma Shop has successfully raised a total of $269.15K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $171.27 thousand completed in June 2015. 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 $269,145
- Total Rounds 2
- Last Round Seed — $171,270
- First Round $97,875
(Apr 2015)
- Investors Count 5
All 2 funding rounds of Karma Shop 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 |
|---|---|---|---|---|---|
| Jun 2015 | $171,270 | Seed | $1.46M | Low Carbon Enterprise Fund | |
| Apr 2015 | $97,875 | Angel Round | $1.26M | Rubal Jain, Rubal Jain |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2015 | $1.46M | •••••••• |
| Apr 2015 | $1.26M | •••••••• |
Last known valuation $1.46M (Jun 2015). 5 investors in total: 2 institutional and 3 angel.
Investors in Karma Shop
Karma Shop has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Low Carbon Enterprise Fund, Infuse Ventures and Rubal Jain.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on the sustainability and clean energy sector | infuseventures.in | Ahmedabad, India | ||
| lowcarbonenterprisefund.tcc.mode | ||||
RJ Rubal Jain | unknown_669de47697d64bd18 | |||
RS Rishabh Sethi | unknown_b560cd2d9d4d4237b | |||
RJ Rubal Jain | unknown_3928d8c7da974710a |
Investor details for Karma Shop
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Karma Recycling Private Limited (Karma Shop)
Karma Recycling Private Limited is the primary company behind Karma Shop. The board of Karma Recycling Private Limited currently have 2 directors; the longest-serving is Akshat Ghiya, appointed in 2012. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Akshat Ghiya DIN 00038300 | Director | 16 Jan 2012 | 14 yrs 9 mo | Karma Recycling Private Limited |
| Aamir Saifuddin Jariwala DIN 03067047 | Director | 16 Jan 2012 | 14 yrs 9 mo | Karma Recycling Private Limited |
People of Karma Shop
2 people are tracked at Karma Shop (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder, Director | Leadership | |
| Co-Founder, Director | Leadership |
Complete people profiles for Karma Shop
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Karma Shop
Figures of Karma Recycling Private Limited, the primary company behind Karma Shop, for FY 2016. Revenue was ₹2.28 Cr (+107% year on year). Net loss was -₹1.31 Cr (-57% margin). EBITDA was -₹1.30 Cr (-57% margin).
- ₹2.28 CrRevenue · FY 2016 · +107% YoY
- -₹1.31 CrNet loss · -57% margin
- -₹1.30 CrEBITDA · -57% margin
- ₹90.5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Karma Recycling Private Limited are on its company page.
Detailed financial statements for Karma Shop
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Karma Shop
4 dated milestones of Karma Shop across 5 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $98K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $171K.
- Founded Karma Shop is founded.
Competitors of Karma Shop
Karma Shop has 3 listed competitors in our database, 2 of them funded. They include Myntra, Nykaa Fashion and Jabong.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myntra.com | 2007 | Bengaluru, India | $123.71M | 1,119 | Fashion and lifestyle products are offered via an online marketplace. | |
| nykaafashion.com | 2012 | Mumbai, India | 514 | Online platform for shopping clothing, accessories, gadgets, and home decor items. | ||
| jabong.com | 2012 | Gurugram, India | $120.27M | 1,433 | Online marketplace for fashion products |
Detailed competitors of Karma Shop
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Karma Shop (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 143.24 M | USD 32.66 M | 711 |
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Frequently Asked Questions about Karma Shop
Karma Shop was founded in 2020.
Karma Shop is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Karma Shop is a funded company, having raised a total of $269.15K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $97.88K, raised on Apr 2015.
The primary company behind Karma Shop, Karma Recycling Private Limited, reported revenue of ₹2.28 Cr for FY 2016, up 107% year on year.
Karma Shop, established in 2020 and currently in Dissolved stage, focuses on retail and e-commerce, selling products via the internet, fashion e-commerce, and multi-category products. Karma Shop manages an e-commerce store offering multi-category fashion products for men, women, and kids. Adapting to market demands with innovation and client-focused strategies.
Karma Shop's top competitors include Myntra, Jabong and Nykaa Fashion.
Karma Shop has 5 investors. Key investors include Low Carbon Enterprise Fund, Infuse Ventures, Rubal Jain, Rishabh Sethi, and Rubal Jain.
The valuation of Karma Shop is $1.46M as of Jun 2015.
Karma Shop operates through Karma Recycling Private Limited.
The legal entities of Karma Shop currently have 2 directors, including Akshat Ghiya, Aamir Saifuddin Jariwala.