About KarmaSpark
KarmaSpark is a company based in Gurugram (India) founded in 2015 by Idi Srinivas Murthy. Fitness services are provided through a standalone center in Gurugram. KarmaSpark has raised $185.66 thousand across 1 funding round from investors including Mohit Gupta, Sanchaita Nandi and Sandeep Pangal. KarmaSpark was last valued at $1.86 million in April 2017. Its chief executive, as recorded, is Idi Srinivas Murthy. Its legal entity in India is KARMASPARK PRIVATE LIMITED (U74999HR2016PTC064128).
Company details
KarmaSpark was founded in 2015 as a standalone fitness center based in Gurugram, India. Operations focus on delivering fitness programs and wellness services to local clients. The facility is managed by Founder and CEO Idi Srinivas Murthy, emphasizing accessible gym and training options within the health and fitness sector. Expansion plans remain centered on the Indian market, with digital presence via karmaspark.com.
- Headquarters Gurugram, India
- Founders Idi Srinivas Murthy
- Stage Minicorn
- Email••••••••
- Website karmaspark.com
- Social LinkedIn Facebook
- Legal Name Karmaspark Private Limited
- Date of Incorporation 16 May, 2016
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹1,830
FY 2020 · -100% YoY
- Net Loss-₹2.1 Lakh
FY 2020 · -11722% margin
- EBITDA-₹1.8 Lakh
FY 2020 · -9992% margin
- Total Equity Funding$185.66K (USD)
in 1 rounds
- Latest Funding Round$185.66K (USD), Angel Round
Apr 2017
Associated legal entities of KarmaSpark
KarmaSpark operates through Karmaspark Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Karmaspark Private Limited CIN U74999HR2016PTC064128 | Strike Off | 16 May 2016 | Gurgaon, Haryana | ₹0.0 Cr | 2 | View details |
Funding Insights of KarmaSpark
KarmaSpark has successfully raised a total of $185.66K through 1 strategic funding round. The most recent funding activity was a Angel Round of $185.66 thousand completed in April 2017. 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 $185,664
- Total Rounds 1
- Last Round Angel Round — $185,664
- First Round $185,664
(Apr 2017)
- Investors Count 4
All 1 funding rounds of KarmaSpark 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 |
|---|---|---|---|---|---|
| Apr 2017 | $185,664 | Angel Round | $1.86M | Mohit Gupta |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2017 | $1.86M | •••••••• |
Last known valuation $1.86M (Apr 2017). 4 investors in total: 0 institutional and 4 angel.
Investors in KarmaSpark
KarmaSpark has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Mohit Gupta, Sanchaita Nandi and Sandeep Pangal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MG Mohit Gupta | Co-founder of Zomato, active angel investor in Indian startups | unknown_35b2aa5d5aac476ba | ||
SN Sanchaita Nandi | unknown_e691401505c3433ca | |||
SP Sandeep Pangal | unknown_f14369081b3741ce8 | |||
SC Sucharita Choudhury | Angel investor and advisor, focusing on early-stage Indian startups | unknown_51aef337804644d58 |
Investor details for KarmaSpark
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 Karmaspark Private Limited (KarmaSpark)
Karmaspark Private Limited is the primary company behind KarmaSpark. The board of Karmaspark Private Limited currently have 2 directors; the longest-serving is Srinivas Murthy Idimadakala, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srinivas Murthy Idimadakala DIN 07413672 | Director | 16 May 2016 | 10 yrs 5 mo | Karmaspark Private Limited |
| Vikram Chopra DIN 07491737 | Director | 13 Jun 2019 | 7 yrs 4 mo | Karmaspark Private Limited |
People of KarmaSpark
1 people are tracked at KarmaSpark (1 in leadership).
| Name | Role | Group |
|---|---|---|
Idi Srinivas Murthy | Founder & CEO | Leadership |
Complete people profiles for KarmaSpark
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 KarmaSpark
Figures of Karmaspark Private Limited, the primary company behind KarmaSpark, for FY 2020. Revenue was ₹1,830 (-100% year on year). Net loss was -₹2.1 Lakh (-11722% margin). EBITDA was -₹1.8 Lakh (-9992% margin). Revenue has grown at a compounded annual rate of -83% over three years.
- ₹1,830Revenue · FY 2020 · -100% YoY
- -₹2.1 LakhNet loss · -11722% margin
- -₹1.8 LakhEBITDA · -9992% margin
- ₹2.35 CrPaid-up capital
- -83%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Karmaspark Private Limited are on its company page.
Detailed financial statements for KarmaSpark
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 KarmaSpark
3 dated milestones of KarmaSpark across 2 years, from founding to its latest funding, stage changes and deals.
- Founded KarmaSpark is founded.
- Funding First funding round of $186K.
- Milestone Reaches Minicorn status.
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Frequently Asked Questions about KarmaSpark
KarmaSpark was founded in 2015 and raised its 1st funding round 2 years after it was founded.
KarmaSpark is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Idi Srinivas Murthy is the CEO of KarmaSpark, as recorded in our data. They have also founded this company.
KarmaSpark is a funded company, having raised a total of $185.66K across 1 funding round to date. The company's 1st funding round was a Angel Round of $185.66K, raised on Apr 2017.
The primary company behind KarmaSpark, Karmaspark Private Limited, reported revenue of ₹1,830 for FY 2020, down 100% year on year.
KarmaSpark was founded in 2015 as a standalone fitness center based in Gurugram, India. Operations focus on delivering fitness programs and wellness services to local clients. The facility is managed by Founder and CEO Idi Srinivas Murthy, emphasizing accessible gym and training options within the health and fitness sector. Expansion plans remain centered on the Indian market, with digital presence via karmaspark.com.
KarmaSpark has 4 investors. Key investors include Mohit Gupta, Sanchaita Nandi, Sandeep Pangal, and Sucharita Choudhury.
The valuation of KarmaSpark is $1.86M as of Apr 2017.
KarmaSpark operates through Karmaspark Private Limited.
The legal entities of KarmaSpark currently have 2 directors, including Vikram Chopra, Srinivas Murthy Idimadakala.