Your browser is currently blocking notification.
Please follow this instruction to subscribe:
Notifications are already enabled.

Delhi Based Recommerce Startup Karmashop Raising INR 1.2 Cr.

Delhi Based Recommerce Startup Karmashop Raising INR 1.2 Cr.

Karma Recycling Private Limited, which operates online recommerce startup Karmashop is raising INR 1.2 Cr. in funding from London based Low Carbon Enterprise fund.

Karma procures old smartphones, tablets, and laptops from various retailers including Future Group, refurbishes them, and sells them on its online portal KarmaShop.

“There are a lot of local players in this business; it’s a really fragmented market with a lot of potential,” said David Sher, Investment Director at Low Carbon enterprise Fund.

According to reports, India has 5% return rate and around $12-$15 Bn of products get returned every year. Thus market size is huge with very few organized players in this segment. GreenDust is yet another startup which deals in this space whose clientele include Samsung, LG, Panasonic, Haier, Electrolux, Black & Decker, Videocon, and even online retailers including HomeShop18, Amazon among others.

This would be fourth investment for Low carbon Enterprise Fund in India; it is also an investor E-hands Energy India.


Team Inc42

Inc42 Staff

Inc42 Media is a digital media startup known for its end-to-end coverage of the Indian Startup Ecosystem. Inc42 has published 15,000+ stories so far and touch the lives of over 10 million people every month. Join us and be the part of the startup revolution.

Loading Next…

Upcoming Events