What is Karomi?
Founded in 2003 and headquartered in Chennai, India, with US operations in Princeton, NJ, Karomi specializes in providing technology solutions primarily for the Life Sciences and CPG (Food & Cosmetics) industries. The company orchestrates business processes that extend beyond the enterprise, encompassing agencies, print vendors, and contract manufacturers. Karomi boasts a global presence, supported by a partner network across the European Union, Latin America, and Australia, serving over one hundred marquee clients worldwide.
How much funding has Karomi raised?
Karomi has raised a total of $2.5M across 2 funding rounds:
Angel/Seed
$523K
Other Financing Round
$2M
Angel/Seed (2017): $523K with participation from Ideaspring Capital
Other Financing Round (2022): $2M led by Cornerstone Venture Partners and Ideaspring Capital
Key Investors in Karomi
Ideaspring Capital
Ideaspring Capital is an investment firm that supports early-stage science and technology startups in India, focusing on the development of global enterprise products. They partner with visionary founders across various industries, including Climate Tech, Artificial Intelligence, Defence, BioTech, Enterprise, and Deep Tech, to foster innovation and sustainable growth. The firm is dedicated to providing not just financial backing but also mentorship and strategic guidance to help startups scale and succeed. Ideaspring Capital aims to bridge bold ideas with essential resources for real-world impact and lasting change.
Cornerstone Venture Partners
Cornerstone Venture Partners is an early-stage technology venture capital firm that invests in B2B technology solutions in the US and Israel. The firm focuses on supporting passionate founders and market-driven products, helping them scale their businesses and achieve product-market fit. Their portfolio includes innovative companies in sectors such as Big Data, IoT, sales automation, and predictive analytics. Cornerstone prioritizes building strong relationships with entrepreneurs to empower them on their journey to create impactful and scalable businesses.
What's next for Karomi?
The recent major strategic investment signifies Karomi's readiness for accelerated scaling and market expansion. With a strong foundation in enterprise-level solutions for critical sectors like Life Sciences and CPG, this capital infusion is expected to fuel further innovation in their technology offerings and bolster their global reach. The company's established client base and international presence position it for continued growth and potential market leadership in business process orchestration.
See full Karomi company page
