Investors

Basil Growth Corporation

BasilGrowth Corporation, a venture capital fund focused on investing in high technology IT and Services based businesses headquartered in India/Asia with a global play, invested in Karmic Lifesciences in Feb, 2010 and we have One Director sit on our board from the group.Among other things, the group has brought in significant corporate governance, financial acumen and a robust Pharma / IT network to Karmic.

www.basilpartners.com

Mumbai Angels

Mumbai Angels, one of the oldest and most prominent angel groups in the country that provides a unique platform to start up and early stage companies by bringing them face to face with    successful entrepreneurs, professionals and executives who are interested in and have the funds available to invest in start-up companies, invested in Karmic in Jun, 2011. Among other things, the group brought in a significant network and provided the much need pre-VC funding.

www.mumbaiangels.com

Indian Angel Network

Indian Angel Network, one of the most prolific angel group that invests in early stage businesses that have potential to create disproportionate value was the first investor in Karmic that provided us with seed stage funding in 2009. Among other things, the angels led by Mr. Rusi Brij, Mr. Avinash Singh, Mr. Sanjay Vatsa and Mr. Anurag Jain provided immense mentoring, access to network and sound boarding of ideas during Karmic’s early days and nurtured us to the stage we are in today.

www.indianangelnetwork.com

SIDBI

The Small Industries Development Bank of India, the principal financial institution for the promotion, financing and development of industry in the small scale sector and for co-ordinating the   functions of the institutions engaged in the promotion and financing or developing industry in the small scale sector and for matters connected therewith or incidental thereto, invested in Karmic in 2010 under the ‘Startup Assistance Scheme for MSME’s’.

www.sidbi.in