Click and eat to save the world
Five years ago, the Swedish company Karma was founded by four young entrepreneurs in order to solve one of the world’s biggest problems: the large amount of food that is thrown away every day.
Of the 10 billion tons of food produced each year, one third is wasted - to the tune of $750 billion. In fact, the food industry accounts for 26% of all green-house gas (GHG) emissions. This is equivalent to the annual electrical emissions of over 1.5 million homes.
Karma are the leaders in the zero-food-waste generation, and they’re on a roll. Karma’s solution is a smartphone app where you can register as a seller or a buyer. Sellers are mainly restaurants selling food that would normally go to waste, at a much lower price.
Disposal is the most common method of handling food waste. Other options include minimising waste with improved storage, inspections, deliveries, and stock rotation, or by avoiding buying larger quantities than necessary. Composting and using it as animal feed are other options.
Within the subcategory of waste prevention, dozens of apps now offer similar solutions to Karma’s. What makes Karma stand out from the crowd is their large number of partners - now totalling more than 9,200.
Everyone needs to eat. With Karma, they’ll do so without paying a fortune for their favourite meals, while simultaneously saving the world.
Founded in: 2016
Founded by: Hjalmar Ståhlberg Nordegren (CEO), Elsa Bernadotte (COO) Ludvig Berling (CPO) and Mattias Larsson
Headquarters: Stockholm, Sweden
Employees 2019/2021: 40/35+
Privately Owned and Investors Revenue 2019: 12.7 MSEK
Visit the website of Karma at: https://karma.life/