About Karza
Karza is a company based in Mumbai (India) founded in 2015 by Alok Kumar was acquired by Perfios in February 2022.. Karza has raised $1.18 million across 4 funding rounds from investors including Perfios, Artha India Ventures and Shringar Films. The company has 898 employees as of April 07, 2024. Karza offers products and services including Document Analysers, Bank Statement Analyser, ITR Analyser, KYC/KYB, and Liveness Detection. Karza operates in a competitive market with competitors including Borrowell, Quantexa, IDnow, Alloy and Grafana, among others.
- Headquarter Mumbai, India
- Employees 898 as on 07 Apr, 2024
- Founders Alok Kumar
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Perfios Software Solutions Pvt. Ltd.
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$49.65 M (USD)195.77as on Mar 31, 2023
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Net Profit
$937.39 K (USD)163.06as on Mar 31, 2023
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EBITDA
$7.74 M (USD)722.62as on Mar 31, 2023
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Total Equity Funding
$1.18 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Perfios
& 32 more
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Employee Count
898
as on Apr 07, 2024
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Acquired by
Perfios
(Feb 25, 2022)
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Products & Services of Karza
Karza offers a comprehensive portfolio of products and services, including Document Analysers, Bank Statement Analyser, ITR Analyser, KYC/KYB, and Liveness Detection. 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.
Digitizes documents for automated credit underwriting processes.
Analyzes bank statements to accelerate credit decisions.
Processes ITR data for accurate financial assessments.
Handles customer verification with API integrations.
Verifies user presence to prevent identity fraud.
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Funding Insights of Karza
Karza has successfully raised a total of $1.18M across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(31 Oct 2016)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Grant - Karza | Valuation |
investors |
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| Jun, 2019 | Amount | Seed - Karza | Valuation | Singapore Angel Network | |
| Jul, 2017 | Amount | Seed - Karza | Valuation | Rupi V Chinoy , Artha India Ventures |
| 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 Karza
Karza has secured backing from 33 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Perfios, Artha India Ventures and Shringar Films. 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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Promotion of innovation and digital services in Maharashtra.
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Founded Year | Domain | Location | |
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Multiple sectors receive investments from the venture capital fund.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage startups
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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 Karza
| 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 - Karza
| 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 |
Karza Comparisons
Competitors of Karza
Karza 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 Borrowell, Quantexa, IDnow, Alloy and Grafana, 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 |
Credit monitoring and financial products comparison platform is provided.
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| domain | founded_year | HQ Location |
AI-powered data and decision intelligence solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| domain | founded_year | HQ Location |
Cloud-based dashboards for data visualization and analysis are developed.
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| domain | founded_year | HQ Location |
Software solutions for private market investors
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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 Karza
Frequently Asked Questions about Karza
When was Karza founded?
Karza was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Karza located?
Karza is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Karza?
Sabyasachi Goswami is the current CEO of Karza.
Is Karza a funded company?
Karza is a funded company, having raised a total of $1.18M across 4 funding rounds to date. The company's 1st funding round was a Seed of $385.17K, raised on Oct 31, 2016.
How many employees does Karza have?
As of Apr 07, 2024, the latest employee count at Karza is 898.
What is the annual revenue of Karza?
Annual revenue of Karza is $49.65M as on Mar 31, 2023.
What does Karza do?
Founded in 2015 and based in Mumbai, India, Karza operates in the fintech sector with AI-driven tools for real-time financial data analysis. Insights are generated to aid decision-making processes for banks and insurers. Services encompass document analysis, KYC and KYB compliance, fraud detection, risk assessment, and digital onboarding. Additional capabilities include support for digital lending, customer acquisition, underwriting, claims automation, and background verification for employees and vendors.
What products or services does Karza offer?
Karza offers Document Analysers, Bank Statement Analyser, ITR Analyser, KYC/KYB, and Liveness Detection.
Who are Karza's investors?
Karza has 33 investors. Key investors include Perfios, Artha India Ventures, Shringar Films, Maharashtra State Innovation Society, and Dreamweaver Investments and Business solutions.
What is Karza's valuation?
The valuation of Karza is $5.44M as of Jun 2019.