Refurbished electronics firm Qarmatek raises $3-M from GVFL, Caspian Debt

Ahmedabad-based Qarmatek Services Pvt Ltd, a refurbished and renewed electronics firm, has raised USD 3 million in a round led by GVFL (Gujarat Venture Finance Ltd) and Caspian Debt. The new funds will be utilized towards expanding and digitizing operational capabilities, scale across key domestic markets, and foray into B2C operations with MOBEX, a customer centric brand by Qarmatek.