Karma
Financials
Estimates*
EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | <1m | <1m | <1m | <1m | <1m | <1m | <1m |
% growth | - | (40 %) | (23 %) | 387 % | (96 %) | - | - |
EBITDA | - | - | - | - | (<1m) | - | - |
% EBITDA margin | - | - | - | - | (233 %) | - | - |
Profit | (<1m) | (<1m) | <1m | <1m | (<1m) | - | - |
% profit margin | (40 %) | (21 %) | 31 % | 35 % | (634 %) | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€170k | Convertible | ||
* | €700k | Seed | |
N/A | Early VC | ||
* | €3.0m | Early VC | |
* | $12.0m | Series A | |
N/A | $3.5m | - | |
Total Funding | CAD26.9m |
Related Content
Recent News about Karma
EditKarma.life is a Swedish startup focused on reducing food waste by connecting restaurants with consumers through its innovative app. The company operates in the food and beverage industry, targeting both individual consumers and businesses such as restaurants, cafes, and grocery stores. Karma's business model revolves around the redistribution of surplus food that would otherwise go to waste. Restaurants and other food providers list their excess food on the Karma app, offering it at a discounted price to consumers who can then purchase and pick it up. This not only helps reduce food waste but also provides an affordable option for consumers to enjoy high-quality meals. The company generates revenue by taking a commission on each transaction made through the app. Karma.life leverages smart algorithms and cloud technology to optimize the matching of surplus food with potential buyers, ensuring efficiency and scalability. The market for food waste reduction is growing, and Karma.life is well-positioned to capitalize on this trend by expanding its services across Europe and beyond.
Keywords: food waste, surplus redistribution, discounted meals, smart algorithms, cloud technology, restaurants, cafes, grocery stores, sustainability, European market.