About Karma
Karma is a company based in San Francisco (United States) founded in 2011 was acquired by Facebook in May 2012.. Karma has raised $2.3 million across 1 funding round from investors including Facebook and BoxGroup. Karma operates in a competitive market with competitors including Gyft, Bitrefill, eGifter, GiftYa and Gratafy, among others.
- Headquarter San Francisco, United States
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Sectors
Retail
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Phone
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Website
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Social
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Funding Insights of Karma
Karma has successfully raised a total of $2.3M through 1 strategic funding round. The most recent funding activity was a Series A round of $2.3 million completed in November 2011. 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 — $2.3M
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First Round
First Round
(10 Nov 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2011 | Amount | Series A - Karma | Valuation | BoxGroup |
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| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Karma
Karma has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Facebook and BoxGroup. 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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Investing in early-stage tech companies and ideas.
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Founded Year | Domain | Location | |
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Online social networking and communication services are provided globally.
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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 Gyft, Bitrefill, eGifter, GiftYa and Gratafy, 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 |
Gift cards are offered through a web and mobile marketplace.
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| domain | founded_year | HQ Location |
Gift cards are retailed online via cryptocurrency payments.
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| domain | founded_year | HQ Location |
Social e-gifting platform
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| domain | founded_year | HQ Location |
Digital gift cards are sent via an app-based online platform.
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| domain | founded_year | HQ Location |
Digital food and drink gift voucher gifting platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Karma
When was Karma founded?
Karma was founded in 2011.
Where is Karma located?
Karma is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Karma a funded company?
Karma is a funded company, having raised a total of $2.3M across 1 funding round to date. The company's 1st funding round was a Series A of $2.3M, raised on Nov 10, 2011.
What does Karma do?
Karma is a social, mobile gifting service where users can send gifts to friends on the go using iOS and Android devices. Karma uses semantic analysis on users social profiles, news feeds, birthday reminders and other data on friends to find relevant occasions . Users can choose an actual gift from a selection of goods from 50 product companies- Magnolia Cupcakes, 23andme, Crane Co., Domaine Chandon etc. in the app itself. Acquired by Facebook in 2012.
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