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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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.
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.
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Investing in early-stage tech companies and ideas.
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Online social networking and communication services are provided globally.
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Investor details for Karma
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Investments & Acquisitions by Karma
Investment portfolio details for Karma
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Financial Statements - Karma
Detailed financials for Karma
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Karma Comparisons
Peer comparison for Karma
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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.
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Gift cards are offered through a web and mobile marketplace.
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Gift cards are retailed online via cryptocurrency payments.
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Social e-gifting platform
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Digital gift cards are sent via an app-based online platform.
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Digital food and drink gift voucher gifting platform
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Detailed competitors of Karma
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Latest news on Karma
Complete news archive for Karma
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Frequently Asked Questions about Karma
Karma was founded in 2011.
Karma is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Karma is a funded company, having raised a total of $2.3M across 1 funding round to date.
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.