KarmaCircles a P2P social learning platform raised an undisclosed amount of seed funding with a valuation of $3 million from Angel Investors. Investers who participated in this round include Dr. Prasad Kaipa, Mustafa Patni, Zain Raj, Harinder Takhar, Aseem Sood and Abaran Deep.
The funds will be used to increase user engagement and to roll out the enterprise version of the app.
It was founded by Deepak Goel in 2015. It provides their users with an opportunity to interact with the global network pf professionals. It is growing with a combination of 2 growth strategies including The Influencer Strategy involving recognized personalities and The Enterprise Strategy including business schools, accelerators, corporates.
Deepak Goel co-founder of KarmaCircles said,
“The core foundation of the platform is built around the vision of networking and thread a long-term community through the benefits gained by the mentees and the enhanced reputation of the mentor. Further, we are introducing a white label solution under the enterprise segment. This will be targeted towards accelerators, business schools, and corporate to engage with a closed gated community.”
The services are available via website and both iOS and Android platform. It claims to have more than 5k organic users. Its app allows users to leave messages for the professionals for meetings and interact through the Karma note feature.