KarmaCircles Launches Its Enterprise Version as a Micro-Mentoring Platform

KarmaCircles, a peer to peer social learning platform, has grown organically since its inception in 2015 with more than five thousand hand-picked users already on the platform and thousands of successful meetings already completed.

KarmaCircles’ enterprise version allows accelerators, business schools, corporates, co-working spaces and other organizations to engage in skill sharing within their own community. It is an extension to its ideology of dignifying the process of giving and receiving help in the startup community. To propagate good Karma, KarmaCircles is giving away the micro-mentoring platform to early adopters for free till the end of the year.

Enterprise version of KarmaCircles allows group members to give and receive help from their own colleagues who may or may not be in their location. This is not the typical work related help but more of micro-mentoring. Whether a member is trying to understand a different job profile, looking to move to a different group, considering going for further education, or just networking with a salesperson, they can request meetings within their company through the enterprise version of the KarmaCircles.

KarmaCircles’ enterprise version is growing fast with several organizations adopting the platform and finding it useful. It includes business schools such as Haas School of Business, IIM Raipur, IIT Delhi, etc and organizations such as TiE Delhi, Global Women Network, Startup Leadership Program, Confederation of Women Entrepreneurs, etc. Corporates such as Impact Measurement & Packback and co-working spaces such as Innov8 have also signed up for it.

Deepak Goel, Founder, KarmaCircles said – “KarmaCircles takes pride in being the first company in the world to launch an enterprise version that allows large groups to facilitate giving and receiving of help wherein you get to keep your reputation even when you leave the organization. It comes more from the aspect for the love of learning and sharing knowledge without any monetary benefit.”

The enterprise version allows group members to search for their colleagues by skills, keywords and location, and request & schedule meetings using lightweight-chatting capabilities and has seamless integration with the calendar on their phones. The mentees also get an opportunity to express their gratitude by writing a Thank you Note for their mentors which in turn enhances their online reputation. The platform has also introduced unique features like Karma Intro and Karma Network (a new social graph) to add a measurement matrix to the give and receive that the platform facilitates.

Moving forward the effort would be to constantly upgrade the enterprise version experience and the focus would be on value creation through the white label solution in the enterprise segment. KarmaCircles is available on the web and as an app on both iOS & Android platforms.

KarmaCircles, a Peer-to-Peer Social Learning Platform, Raises Seed Funding from Angels Globally

KarmaCircles, working on the concept of ‘Request, Receive and Thank’, has raised seed funding from angels across the world at a valuation of 20 crores. The platform makes it easier for skilled professionals to give and receive advice & mentorship without a financial transaction. It believes a real professional connection can only be made through an actual give and take between two professionals.

KarmaCircles has raised the investment by a consortium of national as well as global investors, further validating the need for such a platform globally. The focus has been towards product development and concept validation, which KarmaCircles has been able to achieve in its initial phase of growth.

The core concept of KarmaCircles was borne out of understanding the power of serving each other. The biggest challenge today is that professionals are not sure who to turn to for expert advice. In our highly competitive corporate world, there are still many souls who believe in the power of humanity, who still believe that helping others counts as good karma and one day eventually it will come back to you. KarmaCircles is one such platform which gives the opportunity to offer and receive help whenever you want, wherever you want and in a way that is win-win for both the individuals involved. The platform has also introduced unique features like Karma Intro and Karma Network (a new social graph) to add a measurement matrix to the give and take that the platform facilitates.

Since its inception in 2015, KarmaCircles has grown organically with more than five thousand hand-picked users already on the platform and thousands of meetings already completed. The platform has several institutional tie ups now, to help spread its ideology and has been working towards dignifying the process of giving and receiving help.

Mr. Deepak Goel, Founder, KarmaCircles highlighting the future plans said, “We believe that we have created a quality product that people want, now we would focus on scaling up. The core foundation of the platform is,built around the vision of networking and thread a long-term community through the benefits gained by the mentees and the enhanced reputation of the mentor. Further, we are introducing a white label solution under the enterprise segment. This will be targeted towards accelerators, business schools, and corporates to engage with a closed gated community.”

It’s great to have a backing of such foresighted investors, who understand the value of a progressive product and business idea such as KarmaCircles to foster a give and receive culture. KarmaCircles’ investors include Harinder Takhar (Canada, ex-CEO of PayTM), Zain Raj (Chicago, USA, CEO of Shapiro+Raj), Dr. Prasad Kaipa (Executive Coach based in Silicon Valley, USA), Abaran Deep (Australia, Partner at PCI Group), Aseem Sood (India, CEO of Impact Measurement), and Mustafa Patni (Chicago, USA, Serial Entrepreneur).

Dr. Prasad Kaipa, Coach and Advisor to various C-level executives for Global Fortune 500 companies highlighted “I invested in KarmaCircles because I could see that this company can be the next LinkedIn by creating Karma ripples for contribution you make to other people. It has the potential to be next Wikipedia in relationship to value creation.”

Moving forward the effort would be to constantly upgrade the product experience and engagement of the community making it an exciting phase of new insights and establishment of a personal social responsibility through KarmaCircles. KarmaCircles is available on the web and as an app on both iOS & Android platforms.