About Qarmatek
Qarmatek is a company based in Ahmedabad (India) founded in 2011 by Arun Hattangadi and Krunal Shah. Qarmatek has raised $5.11 million across 4 funding rounds from investors including Gujarat Venture Finance, Caspian Debt and Raajratna Ventures. The company has 415 employees as of April 05, 2024. Qarmatek offers products and services including Electronic Repair Service, Refurbishment Service, and Doorstep Logistics. Qarmatek operates in a competitive market with competitors including Servify, TVS Electronics, LRP Captivators, 3ST and UnlockNinja, among others.
- Headquarter Ahmedabad, India
- Employees 415 as on 05 Apr, 2024
- Founders Arun Hattangadi, Krunal Shah
- Stage Minicorn
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Sectors
RetailBusiness Services
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Email
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Phone
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Website
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Social
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- Legal Name Qarmatek Services Private Limited
- Date of Incorporation 14 Apr, 2011
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$6.13 M (USD)18.29as on Mar 31, 2022
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Net Profit
-$481.99 K (USD)-399.64as on Mar 31, 2022
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EBITDA
-$80.68 K (USD)-115.55as on Mar 31, 2022
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Total Equity Funding
$5.11 M (USD)
in 4 rounds
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Latest Funding Round
$1 M (USD), Angel Round
Jul 09, 2024
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Investors
Gujarat Venture Finance
& 18 more
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Employee Count
415
as on Apr 05, 2024
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Products & Services of Qarmatek
Qarmatek offers a comprehensive portfolio of products and services, including Electronic Repair Service, Refurbishment Service, and Doorstep Logistics.
Repairs various electronic devices like phones and appliances
Refurbishes gadgets to reduce e-waste and extend usability
Handles pick-up and drop-off for electronic repairs
People of Qarmatek
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Funding Insights of Qarmatek
Qarmatek has successfully raised a total of $5.11M across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $1 million completed in July 2024. 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 Qarmatek
Qarmatek has secured backing from 19 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Gujarat Venture Finance, Caspian Debt and Raajratna Ventures.
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Venture capital investments are made in Indian startups across multiple sectors.
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Provision of customized debt financing to impact-driven companies in key sectors.
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Manufacturing of engineering products, solar solutions, and crepe paper by Raajratna Ventures.
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Investor details for Qarmatek
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Investments & Acquisitions by Qarmatek
Investment portfolio details for Qarmatek
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Financial Statements - Qarmatek
Detailed financials for Qarmatek
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Qarmatek Comparisons
Peer comparison for Qarmatek
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Competitors of Qarmatek
Qarmatek 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 Servify, TVS Electronics, LRP Captivators, 3ST and UnlockNinja, among others.
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Device lifecycle management is facilitated via an online platform.
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Provider of electronic devices maintenance services
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Offers electronics repair, warranty plans, and refurbished phones services.
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Offers repair and service solutions for electronics, appliances, and IT products nationwide.
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Provides cell phone unlocking codes and IMEI services for various mobile brands.
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Detailed competitors of Qarmatek
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Latest news on Qarmatek
Complete news archive for Qarmatek
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Frequently Asked Questions about Qarmatek
Qarmatek was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Qarmatek is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Qarmatek is a funded company, having raised a total of $5.11M across 4 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Qarmatek is 415.
Annual revenue of Qarmatek is $6.13M as on Mar 31, 2022.
Qarmatek was founded in 2011 in Ahmedabad, India. Repair and refurbishment services for electronics, including mobile phones and large appliances, are offered alongside extended warranty plans. Certified refurbished mobile phones are supplied through a dedicated brand. Quick repair solutions for various devices are provided by another brand. EV charging infrastructure solutions are also delivered. Device lifespans are extended and e-waste is reduced via these operations.
Qarmatek's top competitors include Servify, TVS Electronics and LRP Captivators.
Qarmatek offers Electronic Repair Service, Refurbishment Service, and Doorstep Logistics.
Qarmatek has 19 investors. Key investors include Gujarat Venture Finance, Caspian Debt, Raajratna Ventures, Umang Nahata, and Rakesh Raman.
The valuation of Qarmatek is $12.05M as of Dec 2021.