About KarmaLife
KarmaLife is a Technology company based in Bengaluru (India) founded in 2020 by Badal Malick, Rohit Kumar Rathi, and Naveen Budda. Subscription-based payday loans are provided to blue-collar workers digitally. It operates in the Technology and Financial Services sectors. KarmaLife has raised $11.04 million across 8 funding rounds from investors including Angel List, Wellfound and LetsVenture. KarmaLife was last valued at $31.13 million in March 2023. Its chief executive, as recorded, is Rohit Kumar Rathi. Its website karmalife.ai draws about 20 thousand monthly visits. Its Indian entity Onionlife Private Limited reported revenue of ₹9.50 Cr. KarmaLife offers products and services including Earned Wage Access, Line of Credit, and Personal Loan. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Flex Salary, PerkFinance and OptaCredit; 2 of its 3 listed competitors have raised funding.
Company details
KarmaLife was founded in 2020 in Bengaluru, India, within the fintech sector. Subscription-based payday loans are extended to blue-collar workers via a digital platform that integrates credit, payments, and insurance for daily cash flow management. A UPI-linked credit system is channeled through employers and aggregators, where work histories are captured to facilitate instant recurring loans and payout advances, with funds directed toward productive uses.
- Headquarters Bengaluru, India
- Founders Badal Malick, Rohit Kumar Rathi, Naveen Budda
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Email••••••••
- Website karmalife.ai
- Social LinkedIn X Facebook
- Legal Name Onionlife Private Limited
- Date of Incorporation 12 Mar, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹9.50 Cr
FY 2025 · +34% YoY
- Net Loss-₹15.82 Cr
FY 2025 · -167% margin
- EBITDA-₹17.31 Cr
FY 2025 · -182% margin
- Total Equity Funding$11.04M (USD)
in 8 rounds
- Latest Funding Round$2.02M (USD), Series A
Mar 2025
- InvestorsAngel List
& 44 more
Associated legal entities of KarmaLife
KarmaLife operates through Onionlife Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Onionlife Private Limited CIN U72900KA2020PTC133300 | Active | 12 Mar 2020 | Bangalore, Karnataka | ₹9.5 Cr | 110 | 3 | View details |
Products & Services of KarmaLife
KarmaLife offers a comprehensive portfolio of products and services, including Earned Wage Access, Line of Credit, and Personal Loan.
Early access to accrued earnings for gig workers
Flexible credit options for immediate financial needs
Small loans with easy digital approval for workers
Apps and channels of KarmaLife
KarmaLife publishes 1 mobile app with over 100K+ downloads.
Funding Insights of KarmaLife
KarmaLife has successfully raised a total of $11.04M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $2.02 million completed in March 2025. 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 $11.04M
- Total Rounds 8
- Last Round Series A — $2.02M
- First Round $125,342
(Jun 2020)
- Investors Count 45
All 8 funding rounds of KarmaLife 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 |
|---|---|---|---|---|---|
| Mar 2025 | $2.02M | Series A | – | – | – |
| Mar 2023 | $5.34M | Series A | $31.13M | Artha Venture Fund, Krishna Bhupal’s Family Office | |
| Jan 2022 | $2.2M | Seed | – | Vikram Kailas | |
| Sep 2021 | $916,073 | Seed | $8.8M | LetsVenture | |
| Sep 2021 | Angel Round | – | – | – | |
| Nov 2020 | $439,825 | Seed | $••••• | Wellfound | |
| Jun 2020 | Grant | – | – | ||
| Jun 2020 | $125,342 | Seed | $••••• | Sprout Invest |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $31.13M | •••••••• |
| Sep 2021 | $8.8M | •••••••• |
| Nov 2020 | $••••• | •••••••• |
| Jun 2020 | $••••• | •••••••• |
Full valuation and stage history of KarmaLife
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $31.13M (Mar 2023). 45 investors in total: 20 institutional and 25 angel.
Investors in KarmaLife
KarmaLife has secured backing from 45 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and LetsVenture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in Indian startups across various sectors. | 2017 | artha.vc | Mumbai, India | |
Sector-agnostic incubation services are provided to startups across industries. | singularity-ventures.com | Berlin, Germany | ||
Venture capital firm focused on multiple sectors | netgraphinvestment.tcc.mode | |||
Venture capital fund investing in early-stage tech startups | logxventurepartner.tcc.mode | |||
Multiple sectors are invested in by this venture capital firm. | krishnabhupalsfamilyoffice.tcc.mode | |||
Early-stage investments in Fintech, SaaS, and Deep Tech sectors with a focus on capital and advisory support. | 2022 | growthcap.vc | Mumbai, India | |
Venture capital firm focused on multiple sectors | somventures.tcc.mode | |||
Venture capital firm focused on tech sectors | foundercollective.com | Cambridge, United States | ||
Investment management services in growth equity and public investments in India. | 2016 | singularityamc.com | Mumbai, India | |
Venture capital firm investing in multiple sectors | netgraphinvestmentinenterprise.tcc.mode |
Investor details for KarmaLife
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 Onionlife Private Limited (KarmaLife)
Onionlife Private Limited is the primary company behind KarmaLife. The board of Onionlife Private Limited currently have 3 directors; the longest-serving is Naveen Kumar Budda, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naveen Kumar Budda DIN 08721392 | Director | 12 Mar 2020 | 6 yrs 7 mo | Onionlife Private Limited |
| Rohit Kumar Rathi DIN 02732259 | Director | 12 Mar 2020 | 6 yrs 7 mo | Onionlife Private Limited |
| Abhishek Kumar DIN 07780954 | Additional Director | 07 Jul 2026 | 3 mo | Onionlife Private Limited |
People of KarmaLife
20 people are tracked at KarmaLife (9 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Badal Malick | Co-Founder & CBO | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership | |
Abhimanyu R. | Head Of Accounts | Leadership |
| Co-founder | Leadership | |
Shishir Modi | Chief Growth Officer | Leadership |
Abhishek Sharma | Head Of Business Development | Leadership |
Shabaz Ahmed | Head Of Product | Leadership |
Amit Sarda | Head Of Finance | Leadership |
Prashant Pathak | Collections | Team |
Vinaykumar Ng | NBFC Operations Lead | Team |
Maitreyee Vaidya | Associate Product Manager | Team |
Rohan Sethi | UX Designer | Team |
Kartikeya Road | Associate Product Manager | Team |
Sindhu C Raju | Business Development Manager | Team |
Rajkumar Singh | Learning & Helping The Financial Health Of The Indian Digital Gig Workers. | Team |
Anurag Gupta | Senior Business Development Manager | Team |
Ashnika R. | Operations Lead | Team |
Lavita Vinayak Shetty | Operations Lead | Team |
Sapna Arun | Operations Manager | Team |
Complete people profiles for KarmaLife
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 KarmaLife
Figures of Onionlife Private Limited, the primary company behind KarmaLife, for FY 2025. Revenue was ₹9.50 Cr (+34% year on year). Net loss was -₹15.82 Cr (-167% margin). EBITDA was -₹17.31 Cr (-182% margin). Revenue has grown at a compounded annual rate of +173% over three years.
- ₹9.50 CrRevenue · FY 2025 · +34% YoY
- -₹15.82 CrNet loss · -167% margin
- -₹17.31 CrEBITDA · -182% margin
- ₹2.8 LakhPaid-up capital
- 110Employees (provident fund records)
- +173%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Onionlife Private Limited are on its company page.
Detailed financial statements for KarmaLife
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 KarmaLife
4 dated milestones of KarmaLife across 5 years, from founding to its latest funding, stage changes and deals.
- Founded KarmaLife is founded.
- Funding First funding round of $125K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.0M.
Competitors of KarmaLife
KarmaLife has 3 listed competitors in our database, 2 of them funded. They include Flex Salary, PerkFinance and OptaCredit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexsalary.com | 2017 | Hyderabad, India | 809 | Offers a line of credit secured against monthly salaries. | ||
| perkfinance.com | 2017 | Bengaluru, India | $900,000 | Mobile-based lending and financial services are offered to blue-collar workers. | ||
| optacredit.com | 2016 | Chennai, India | $402,168 | 2 | Operates an online platform providing payday loans tailored for salaried employees. |
Detailed competitors of KarmaLife
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.
Web traffic of KarmaLife
The website of KarmaLife (karmalife.ai) receives about 19.7K visits a month.
- Monthly visits19.7K
▼ 20% vs previous month
Websites whose visitors overlap most with KarmaLife. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| jify.co | 100% | 25.2K | #1,345,496 | View details | |
| fatakpay.com | 59% | 414.3K | #57,310 | View details | |
| salaryfinance.com | 57% | 365.6K | #108,367 | View details | |
| quikchex.in | 49% | 96.3K | #344,313 | View details | |
| emeraldfin.com | 24% | 3K | #3,869,521 | View details |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Karmalife
Complete news archive for KarmaLife
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about KarmaLife
KarmaLife was founded in 2020.
KarmaLife is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rohit Kumar Rathi is the CEO of KarmaLife, as recorded in our data. They have also founded this company.
KarmaLife is a funded company, having raised a total of $11.04M across 8 funding rounds to date. The company's 1st funding round was a Seed of $125.34K, raised on Jun 2020.
The primary company behind KarmaLife, Onionlife Private Limited, reported revenue of ₹9.50 Cr for FY 2025, up 34% year on year.
KarmaLife was founded in 2020 in Bengaluru, India, within the fintech sector. Subscription-based payday loans are extended to blue-collar workers via a digital platform that integrates credit, payments, and insurance for daily cash flow management. A UPI-linked credit system is channeled through employers and aggregators, where work histories are captured to facilitate instant recurring loans and payout advances, with funds directed toward productive uses.
KarmaLife's top competitors include Flex Salary, OptaCredit and PerkFinance.
KarmaLife offers Earned Wage Access, Line of Credit, and Personal Loan.
KarmaLife has 45 investors. Key investors include Angel List, Wellfound, LetsVenture, Artha Venture Fund, and BFA Global.
The valuation of KarmaLife is $31.13M as of Mar 2023.
KarmaLife operates through Onionlife Private Limited.
The legal entities of KarmaLife currently have 3 directors, including Abhishek Kumar, Naveen Kumar Budda, Rohit Kumar Rathi.