Ahmedabad’s QarmaTek Secures $1 Million in Latest Funding Round

By Sunil Sonkar
2 Min Read
Ahmedabad's QarmaTek Secures $1 Million in Latest Funding Round

The tech world is ever-evolving. Gadgets are becoming outdated at a rapid pace. Ahmedabad-based startup QarmaTek is making waves with a perfect solution. It has emerged with unique approach to give electronic products a second life.

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QarmaTek was founded by Krunal Shah and Arun Hattangadi in 2011. It has carved out a niche in the B2B space. It is offering a suite of services which are designed to give old devices a second life. It has lately injected fresh capital of $1 million and plans to expand its operations into multiple categories within the renewed electronics market.

The startup provides multi-brand repair and refurbishment services. It provides customized solutions for a variety of gadgets such as smartphones, laptops and home appliances. It delivers value to clients as well as works for the cause of sustainability.

E-waste is a growing concern across the world. Central Pollution Control Board report reveals India generates 1.71 million metric tons of e-waste each year. The worldwide e-waste generation is reaching 59.40 million metric tons. KPMG and ASSOCHAM study reveals that computer equipment constitutes about 70% of India’s e-waste. It is followed by telecom devices (12%), electrical equipment (8%) and medical equipment (7%).

The mission of QarmaTek is deeply aligned with addressing this issue. It mainly focuses on the renewal and refurbishment of electronic products. It helps in extending the lifespan of old devices and thereby reduces the volume of generated waste. The approach helps in managing e-waste and supports a circular economy.

The startup said that their main aim is to promote sustainability by extending the lifecycle of electronic devices. It highlights the commitment of the company to reduce e-waste and simultaneously contribute to environmental preservation. Hence, its vision is for a more sustainable future.

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