Exploring Karma's Innovative Approach to Minimizing Food Waste: A Closer Look at Their Series A PitchDeck
About Karma
Karma, emerging as a pioneering force in the realm of food-focused startups, seeks to offer optimal food ordering and payment experiences, promoting sustainability while doing so. Ensuring seamless service for both customers and restaurant personnel, this platform's unique value proposition revolves around hassle-free mobile payments and efficient food ordering. Currently serving over 9,000 happy customers, Karma is on a mission to redefine the food industry norms for the better.
About Karma's PitchDeck
Karma's highly influential Series A PitchDeck opened the doors to impressive funding in 2016 - collecting a staggering $12 million. The pitch deck, which was primarily designed to convince investors of its ground-breaking innovation, centered around the sustainable Karma Pay feature. Briefing investors on the mission to minimize food wastage while aiding restaurants to profit from surplus food, the deck successfully highlighted the organization's potential and strategic roadmap.
Why Investors Believed in Karma?
A futuristic vision and unique value propositions catapulted Karma into the spotlight, securing the belief of industry-leading investors. The startup appealed to its investors with a plan which went beyond profit-making – addressing sustainability. The impressive traction gained by Karma, substantiated by its rapidly increasing customer base, and the ability to upsurge average check sizes by a remarkable 20%, placed the startup in a favourable position. Above all, the recognition from Barack Obama as 'extraordinary' underscored the faith vested in Karma's potential to disrupt the industry.
