QarmaTek, a startup specializing in electronics renewal and refurbishment, has secured $1 million (Rs 8.3 crore) in its pre-Series A funding round. This round was co-led by investors Umang Nahata, Rakesh Raman, and Vishal Makwana.
With this latest investment, QarmaTek’s total funding has reached $4.11 million. The new funds will be used to expand QarmaTek’s presence across various categories of renewed electronics, enhance operational capacities, and extend its geographical reach.
Founded in 2011 by Krunal Shah and Arun Hattangadi, QarmaTek operates in the B2B sector, providing after-sales repair services for electronic products. The company’s offerings include multi-brand repair services, refurbishment, call center support, and logistics services for electronic devices such as smartphones, laptops, and home appliances.
Based in Ahmedabad, QarmaTek is dedicated to promoting sustainability by extending the lifecycle of electronic products, thereby reducing e-waste and contributing to a circular economy. According to the Central Pollution Control Board, India generates 1.71 million metric tons of e-waste annually.
