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§ Private Profile · Bangalore, Karnataka, India
Fintech platform providing flexible earnings access and credit for gig & blue-collar workers in India, using dynamic data.
KarmaLifeAI, based in Bengaluru, India, provides AI-powered financial solutions, including earnings-linked credit and early wage access, primarily for gig and blue-collar workers. The company has raised nearly $8 million in equity funding and currently serves over 100,000 blue-collar workers. It partners with more than 50 organizations, including major platforms like Flipkart, Uber, Porter, and Delhivery, to integrate its backend infrastructure. KarmaLifeAI offers low-cost, mobile-first services by leveraging users' payment behaviors and dynamic data, rather than traditional credit scores, through a B2B2C model. Key investors include Krishna Bhupal’s family office, Artha Venture Fund, Net Graph Investments, and Singularity Ventures. KarmaLifeAI was founded in 2020 by Rohit Rathi, Naveen Budda, and Badal Malick. Its business model centers on B2B2C model partnering with organizations and platforms to provide financial services to their workers, funded through equity investments.
KarmaLifeAI has raised $5.3M across 1 funding round.
KarmaLifeAI has raised $5.3M in total across 1 funding round.
KarmaLifeAI has raised $5.3M across 1 funding round. Most recently, it raised $5.3M Series A Extension in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2023 | $5.3M Series A Plus | Artha Venture Fund, Krishna Bhupal's Family Office | Amit Jain, Balesh Sharma, Shajikumar Devakar, Vikram Kailas, Logx Ventures, NET Graph Investments, Singularity Ventures | Announced |
KarmaLifeAI has raised $5.3M in total across 1 funding round.
KarmaLifeAI's investors include Artha Venture Fund, Krishna Bhupal's family office, Amit Jain, Balesh Sharma, Shajikumar Devakar, Vikram Kailas, LogX Ventures, Net Graph Investments, Singularity Ventures.