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Karmalife

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KarmaLife – Solving Finance Responsibly

Bengaluru, IndiaFounded 2020Fintech

Valuation $25–50M Last recorded · 2023

Headcount <100 Current team size

Total funding $0–10M Disclosed equity funding

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About Karmalife

KarmaLife is a leading Earned Wage Access (EWA) platform based in India, providing real-time credit solutions to gig workers. The company operates in various sectors including e-commerce, mobility, logistics, food-tech, and Field Operations Services (FOS). Their business model is designed to cover all job roles, compensation structures, recruitment models, and payment cycles, making it a comprehensive financial platform for the workforce.

KarmaLife's primary service is providing small credit to workers, which is made easily accessible with digital onboarding and 24/7 availability of funds. This eliminates the need for paperwork and simplifies the process for the workers. The company has also introduced Deduction at Source (DAS) in India, a system that simplifies loan repayments, EMIs, insurance premiums, and savings contributions by deducting them directly from worker payouts.

The company generates revenue by charging fees for its services, including providing loans and facilitating wage access. It has also partnered with other companies, like LenDenClub, to provide loans for gig workers, further expanding its revenue streams.

KarmaLife has a strong leadership team with extensive experience in startups, fintech, and technology. The company has also successfully raised funds from investors, including a recent round of Rs 44 crore from Artha Venture Fund, demonstrating investor confidence in its business model and growth potential.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2020
Headquarters: Bengaluru, India
Employees: 77
Open positions: None listed
Dealroom signal: 65.0/100
Industry: Fintech
Sub-industry: Mortgages & Lending
Sector: Fintech, Insurtech Related, On Demand Pay, Consumer Lending, financial inclusion
Technology: Artificial Intelligence
Client focus: b2c
Links: Website LinkedIn X

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Funding history

5 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
EARLY VC✓Equity / VC	Jun 2023	$5.3M	$21M	Singularity Ventures · Vikram Kailas · Balesh Sharma · Shajikumar Devakar	↗
SEED✓Equity / VC	Feb 2022	$2.2M	$8.8M	Amit Jain · Abhinav Sinha · Vikram Kailas · Balesh Sharma	↗

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Growth signals

Karmalife website traffic

Latest recorded traffic for Karmalife is 85K monthly website visits, up 44.1% over the last three months. Karmalife's team declined 13.5% over the past year.

Latest monthly visits85K 3-month web change+44.1% 1-year team growth-13.5%

Monthly website visitsAug 2020–Jul 2026

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