About Karma
Karma is a company based in Tel Aviv (Israel) founded in 2014. It operates as a Affiliate Model, and Commission-Based. Karma has raised $25 million across 1 funding round from investors including Target Global, NFX and AltaIR Capital. Karma offers products and services including Karma Browser Extension and Karma Mobile App. Karma operates in a competitive market with competitors including Jollywallet, Bemooi, Sasha AI, Poshpo and Shapely, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Karma Shopping Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series A
Oct 14, 2021
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Investors
Target Global
& 3 more
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Employee Count
Employee Count
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Products & Services of Karma
Karma offers a comprehensive portfolio of products and services, including Karma Browser Extension and Karma Mobile App. 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.
Browser extension for coupons and price tracking online.
Mobile app for managing saved items and deals.
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Funding Insights of Karma
Karma has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series A round of $25 million completed in October 2021. 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 1
- Last Round Series A — $25.0M
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First Round
First Round
(14 Oct 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series A - Karma | Valuation | Target Global |
| 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
Karma has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Target Global, NFX and AltaIR 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 |
|---|---|---|---|---|
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Venture capital firm
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Founded Year | Domain | Location | |
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Venture capital firm offering funding and tools for startups in technology and investment sectors.
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Founded Year | Domain | Location | |
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Early-stage tech VC funding is provided in US, Europe, Israel.
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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
| 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
| 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 Comparisons
Competitors of Karma
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 Jollywallet, Bemooi, Sasha AI, Poshpo and Shapely, 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 |
Enables cashback rewards for users to enhance their shopping experience.
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| domain | founded_year | HQ Location |
A shoe recommendation app that enhances online shopping experiences for users.
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| domain | founded_year | HQ Location |
Functions as an AI-based assistant for enhanced shopping experiences.
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| domain | founded_year | HQ Location |
Designs and sells kids' toys inspired by family stories and adventures.
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| domain | founded_year | HQ Location |
Delivers a personalized fashion recommendation platform to help users discover tailored clothing options.
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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
Frequently Asked Questions about Karma
When was Karma founded?
Karma was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is Karma located?
Karma is headquartered in Tel Aviv, Israel.
Is Karma a funded company?
Karma is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series A of $25M, raised on Oct 14, 2021.
What does Karma do?
Karma is developed as a shopping assistant tool to help users save money and time while shopping online. It is offered through a browser extension and a mobile app, enabling users to build smart shopping lists, track price drops, and automatically apply coupons at checkout. The service is utilized across various devices, focusing on e-commerce and retail sectors. Solutions are provided to enhance mindful shopping by notifying users of deals and stock availability. The mission is centered on empowering users to make informed choices at the right time during online purchases.
Who are the top competitors of Karma?
Karma's top competitors include Jollywallet, Bemooi and Sasha AI.
What products or services does Karma offer?
Karma offers Karma Browser Extension and Karma Mobile App.
Who are Karma's investors?
Karma has 4 investors. Key investors include Target Global, NFX, AltaIR Capital, and MoreTech Ventures.