An app started by Swedish company Karma aims to eliminate food waste, giving restaurants, grocers and other food businesses a platform to sell their extra food for a discounted price.
Available in more than 35 cities across Sweden, and recently launched in London and other UK cities, the food-waste app is being used by more than 1,000 businesses.
Launched in London earlier this year, the startup already works with more than 400 restaurants including Detox Kitchen and Aubaine, which according to the company, are able to generate revenue from food that would otherwise go to waste, reach new customers and reduce their environmental impact, meanwhile, users get access to food at half-price or lower.
Now, Karma has raised $12 million in Series A funding. Electrolux is set to invest in the Swedish company. The new partnership with Karma will explore innovative solutions for the future of food and help to scale up the fight against food waste. The partnership will combine Electrolux's expertise within appliances and food preservation with Karma’s digital platform.