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HomeInsightNews & Update Electronics refurbishment startup Qarmatek raises $3 million in funding from GVFL,...

[Funding alert] Electronics refurbishment startup Qarmatek raises $3 million in funding from GVFL, Caspian Debt

Qarmatek

Electronics renewal and refurbishment startup Qarmatek raised $3 million from GVFL (Gujarat Venture Finance Limited) and Caspian Debt.

Electronics renewal and refurbishment startup Qarmatek was founded by Arun Hattangadi & Krunal Shah in 2011.

Started in September 2011, Qarmatek has assumed the role of aftersales support for end-to-end service management and refurbishment for major electronic appliances and mobile phone brands. Through an integrated service setup, in-house R&D expertise, and highly competent engineers & technicians, Qarmatek guarantees servicing of all electronic gadgets for 6,500 pin codes across 650 cities in India within 7 days.

Qarmatek has built an integrated ERP system – shERPa to facilitate integrated and customized IT management solutions to brands. Apart from major devices and appliances, Qarmatek also carries out repair at a component level on small and micro equipment and devices. Qarmatek offers end-to-end services including managing, warehousing, logistics, fulfilment, repair, and spare parts to its customers.

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