Karomi, which provides packaging artwork management software for pharma and FMCG companies, has raised seed funding of ₹3.5 crore from Chennai-based Ideaspring Capital. This funding marks the first deal from the early-stage investor.
With the new funding coming to the company, it is now planning to expand its operations to other countries, starting with the US market.
Karomi was founded in the year 2003 by Vilva Natrajan. It is a global technology solutions provider, with significant focus across two principal industries – Life Sciences and CPG (Food & Cosmetics).
The company has grown over the decade and currently claims to be catering to more than 100+ marquee clients across the globe. With its global headquarters located at Chennai, India and US headquarters at Princeton, NJ, Karomi makes its global presence felt through its partner network in European Union, Latin America and Australia.
Karomi’s suite of solutions facilitate business process orchestration that extend beyond the enterprise and includes Agencies (Design, Packaging and Translation), Print Vendors and Contract Manufacturers.
Ideaspring Capital is set up by angel investors Naganand Doraswamy and Prashant Deshpande along with Patni Computers’ Arihant Patni last year as a Rs 125-crore fund. It is focused on investing in product innovation startups that can also scale globally. The fund also counts Aarin Capital’s Mohandas Pai and Sasken Technologies chairman Rajiv C Mody as general partners and has Patni Computers’ scions Arihant and Amit Patni on its investment committee.
