Karomi Technology Private Limited
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Karomi Technology Private Limited - overview
Established
1999
Location
Chennai, -, India
Primary Industry
Software
About
Karomi Technology Private Limited is a software company that specializes in packaging artwork management solutions for brand owners and packaging professionals, enhancing operational efficiency with innovative software technologies. Karomi Technology Private Limited, founded in 1999 in Chennai, India, focuses on optimizing the packaging artwork management process for its clients. The CEO is Vilva Natarajan. In June 2022, the company raised INR 145.
01 million in Series A funding, led by Cornerstone Venture Partners, with participation from Ideaspring Capital. The funding supports expanding its presence in the US and entering the European markets, particularly France. To date, Karomi has engaged in 4 funding deals. Karomi Technology offers ManageArtworks, a software suite that streamlines the packaging artwork management process for brand owners and packaging professionals.
Key features include advanced artwork design capabilities that integrate with Adobe Illustrator and InDesign, AI-powered proofreading tools for error reduction, and digital asset management (DAM) solutions that centralize assets for eCommerce and packaging supply chains, optimizing client operations across North America and Europe. In the most recent fiscal year (2022), Karomi Technology achieved a revenue of INR 258,815,475. 30, with an EBITDA of INR 15,401,628. 70, generated primarily through a subscription-based revenue model catering to a diverse range of clients.
Following the Series A funding raised in June 2022, Karomi Technology intends to bolster its market presence in the US and expand into Europe, particularly targeting France. The company is focused on developing new products that enhance its software offerings and optimize the packaging artwork management process. The recent funding will facilitate these growth initiatives and support the development of innovative solutions to further its market reach.
Current Investors
Ideaspring Capital, Cornerstone Venture Partners
Primary Industry
Software
Sub Industries
Marketing/Advertising, Systems Management Software, Sales & Marketing Software, Legal Software, Content Management Software, Analytics & Performance Software
Website
www.karomi.com
Company Stage
Series A
Total Amount Raised
Subscriber access only
Karomi Technology Private Limited - timeline of key events
Karomi Technology Private Limited - financials
| Fiscal Year Ended | Mar 31, 2006 | Mar 31, 2007 | Mar 31, 2008 | Mar 31, 2009 | Mar 31, 2010 | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - | - | - | 26,906,545 | 32,403,743 | 38,337,893 | 60,374,557.4 | 96,572,852 | 103,067,995 | 127,929,117 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - | - | 20.4% | 18.3% | 57.5% | 60.0% | 6.7% | 24.1% | - | - | - |
| EBITDA (USD) | (122,200,000) | (42,500,000) | 5,077,000 | 11,000 | 247,000 | 574,000 | 4,716,420 | 5,334,365 | 5,528,042 | 1,576,959 | 2,360,453 | 3,158,987 | 7,262,165.3 | 14,858,651 | 13,327,307 | 10,677,287 | - | - | - |
| Operating Income (USD) | (122,312,000) | (42,606,000) | 4,987,000 | (192,000) | 85,000 | 440,000 | 4,556,472 | 5,030,273 | 4,955,239 | 650,428 | 1,606,739 | 2,458,960 | 1,699,879.3 | 8,402,512 | 6,603,302 | 4,426,097 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | 2.4% | 5.0% | 6.4% | 2.8% | 8.7% | 6.4% | 3.5% | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - | - | 5.9% | 7.3% | 8.2% | 12.0% | 15.4% | 12.9% | 8.3% | - | - | - |
| NET Income (USD) | 1,351,000 | 548,000 | 4,966,000 | 60,000 | 85,000 | 440,000 | 3,415,786 | 3,585,877 | 3,229,633 | 217,787 | 486,881 | 444,003 | (54,715.1) | 5,167,534 | 4,079,756 | 2,583,941 | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - | - | 0.8% | 1.5% | 1.2% | (0.1%) | 5.4% | 4.0% | 2.0% | - | - | - |
Karomi Technology Private Limited - employee data
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