VC Fund Investments
Financial solutions provider for gig workers KarmaLife raises Rs.44-Cr
Bengaluru-based KarmaLife, an earnings-linked financial solutions provider for the gig and blue-collared workers, has raised INR 44 crore in an extension to its pre-Series funding round led by Krishna Bhupal's family office and existing investor, Artha Venture Fund. The financing round saw participation from other existing investors, including Net Graph Investments, Singularity Ventures, LogX Venture Partners, Balesh Sharma, Amit Jain, Vikram Kailas, and Shaji Kumar Devakar. Founded by Rohit Rathi, Naveen Budda, and Badal Malick in March 2020, KarmaLife operates a business-to-business-to-consumer (B2B2C) model and has partnered with over 50 organisations to give their employees an option to access their pay-out before payday.
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