About myKaarma
myKaarma is a company based in Los Angeles (United States) founded in 2012.. myKaarma has raised $15 million across 2 funding rounds from investors including H.I.G. Growth Partners and Kayne Anderson Capital Advisors. The company has 66 employees as of April 08, 2024. myKaarma has completed 1 acquisition, including PocketExpert. myKaarma offers products and services including Communications, Payments, Scheduler, and Mobile Solutions. myKaarma operates in a competitive market with competitors including Xtime, Dealer.com, Rollick, CarNow and Affinitiv, among others.
- Headquarter Los Angeles, United States
- Employees 66 as on 08 Apr, 2024
-
Sectors
TechnologyTransportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Mykaarma.Com India Private Limited
- Date of Incorporation 23 May, 2012
- Jurisdiction Noida, Uttar Pradesh, India
-
Annual Revenue
$4 M (USD)0.44as on Mar 31, 2023
-
Net Profit
$-2.26 K (USD)-115.97as on Mar 31, 2023
-
EBITDA
$90.53 K (USD)-20.5as on Mar 31, 2023
-
Total Equity Funding
$15 M (USD)
in 2 rounds
-
Latest Funding Round
-
Investors
H.I.G. Growth Partners
& 1 more
-
Employee Count
66
as on Apr 08, 2024
- Investments & Acquisitions
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
Products & Services of myKaarma
myKaarma offers a comprehensive portfolio of products and services, including Communications, Payments, Scheduler, and Mobile Solutions. 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.
Software for managing customer interactions in automotive services
System for secure transaction handling in dealer operations
Platform for appointment and service scheduling in auto repairs
Apps for on-the-go access to automotive service tools
Unlock access to complete
Funding Insights of myKaarma
myKaarma has successfully raised a total of $15M across 2 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 2
- Last Round Last Round
-
First Round
First Round
(05 Apr 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - myKaarma | Valuation |
investors |
|
| Apr, 2018 | Amount | Series A - myKaarma | Valuation | Kayne Anderson Capital Advisors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in myKaarma
myKaarma has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include H.I.G. Growth Partners and Kayne Anderson Capital Advisors. 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 |
|---|---|---|---|---|
|
Private equity investments are made in the United States.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by myKaarma
myKaarma has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PocketExpert. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Customer engagement solutions are provided for automotive dealerships.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - myKaarma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mykaarma Comparisons
Competitors of myKaarma
myKaarma 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 Xtime, Dealer.com, Rollick, CarNow and Affinitiv, 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 |
Customer engagement tools for automotive dealers are provided.
|
|
| domain | founded_year | HQ Location |
Digital marketing solutions for automotive dealerships are delivered.
|
|
| domain | founded_year | HQ Location |
Omnichannel marketing automation is provided to automotive OEMs and dealers.
|
|
| domain | founded_year | HQ Location |
SaaS tools enable digital customer engagement for automotive dealers.
|
|
| domain | founded_year | HQ Location |
Cloud-based marketing automation is offered for the automobile industry.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Mykaarma
Frequently Asked Questions about myKaarma
When was myKaarma founded?
myKaarma was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Where is myKaarma located?
myKaarma is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is myKaarma a funded company?
myKaarma is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Apr 05, 2018.
How many employees does myKaarma have?
As of Apr 08, 2024, the latest employee count at myKaarma is 66.
What is the annual revenue of myKaarma?
Annual revenue of myKaarma is $4M as on Mar 31, 2023.
What does myKaarma do?
myKaarma was founded in 2012 in Los Angeles, United States, as a provider of SaaS-driven solutions for customer interaction management in the automotive sector. Digital point-of-sale systems, mobile payment options, and bi-directional communication tools including texting, calling, and email are offered, with integration capabilities for existing dealership software. Clients served include BMW, Audi, Hyundai, Honda, Porsche, Maserati, and Volvo.
Who are the top competitors of myKaarma?
What products or services does myKaarma offer?
myKaarma offers Communications, Payments, Scheduler, and Mobile Solutions.
How many acquisitions has myKaarma made?
myKaarma has made 1 acquisition, including PocketExpert.
Who are myKaarma's investors?
myKaarma has 2 investors. Key investors include H.I.G. Growth Partners, and Kayne Anderson Capital Advisors.