Predict your next investment

Angel Investor (Individual)

See what CB Insights has to offer

Investments

2

Portfolio Exits

1

About Rubal Jain

Rubal Jain Headquarter Location

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Rubal Jain News

Excl: E-waste management startup Karma Recycling secures seed funding from Safexpress’ Rubal Jain & SPML Infra’s Rishabh Sethi

Oct 9, 2013

| 0 Comments Rubal Jain Delhi-based  Karma Recycling Pvt Ltd , an e-waste recycling company, has secured an undisclosed amount in seed funding from Rubal Jain, director-corporate strategy, at logistics services firm Safexpress and Rishabh Sethi, executive director of infrastructure development company SPML Infra. Karma Recycling had closed this funding round in March this year, and the capital is being used to expand its business development team and also to improve its technology offering, its co-founder Akshat Ghiya said. A portion of the fund was used to set up its office in Delhi. The company started its operations in April 2013, a month after it received the funding. The startup was founded by Ghiya and Aamir Jariwala. Ghiya holds a BA degree in Economics and International Relations from Northwestern University in the US. He has also founded Glazetech Industries, a manufacturer and supplier of innovative and green building materials and metal facade solutions. His partner Jariwala holds a degree in Industrial Engineering and Economics from Northwestern University. Prior to co-founding Karma Recycling, Jariwala served as the head of corporate strategy at SPML Infra Ltd. Earlier, he worked with Friend Skoler & Co., a middle-market private equity fund based in New York. Rishabh Sethi Karma recycles both corporate and household waste. For collecting e-waste from corporates, it does the basic segregation and sells the segregated waste to authorised recyclers whom it audits (quarterly) and gets proof of destruction from. Smartphones, tablets and laptops from households go through an inspection, repair and refurbishment process. The refreshed devices are then resold in the seconds-market as certified pre-owned electronics. For households and individuals, the company offers an  e-portal  which allows them to trade in over 700 models of working and non-working smartphones, tablets or laptops (of leading manufacturers). They can find the items they want to sell from this list of 700 models and get an immediate quote. The company then contacts the user and collects the items for free. Then it inspects the items and pay cheques, gift cards or a new phone to the customer, based on various factors. Corporate customers pay on a case-to-case basis (it means, based on the type, quantum of waste and the locations from where it needs to be collected). The company is currently offering pickup in Delhi, Jaipur, Mumbai, Pune, Bangalore and Hyderabad. “We have access to 580 warehouses and over 3,500 containerised trucks. We can provide our services to companies and their offices/factories. We have signed MoUs with 23 corporates from across India in the last six months of operation,” Ghiya said. (Edited by Joby Puthuparampil Johnson)

Rubal Jain Investments

2 Investments

Rubal Jain has made 2 investments. Their latest investment was in 1mg as part of their Series D on April 4, 2019.

CBI Logo

Rubal Jain Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/5/2019

Series D

1mg

$45M

Yes

4

10/9/2013

Seed

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/5/2019

10/9/2013

Round

Series D

Seed

Company

1mg

Subscribe to see more

Amount

$45M

$99M

New?

Yes

Subscribe to see more

Co-Investors

Sources

4

10

Rubal Jain Portfolio Exits

1 Portfolio Exit

Rubal Jain has 1 portfolio exit. Their latest portfolio exit was 1mg on June 10, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/10/2021

Corporate Majority

22

Date

6/10/2021

Exit

Corporate Majority

Companies

Valuation

Acquirer

Sources

22

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.