× Main Page Fashion Lifestyle Sport Home Travel Real Estate Business
Social Responsibility Environment Education Innovations Retail Design Photography
Brands Lists
× Main Page Fashion Lifestyle Sport Home Travel Real Estate Business
Social Responsibility Environment Education Innovations Retail Design Photography
Brands Lists

ENVIRONMENT - COMPANY NEWS

Electrolux invests in and partners with food waste startup Karma

Electrolux today announced it is investing in Sweden-based Karma, a leading startup that helps restaurants and supermarkets reduce food waste by selling unsold food to consumers.

Wednesday, August 15, 2018

Electrolux invests in and partners with food waste startup Karma

Electrolux invests in and partners with food waste startup Karma

ENVIRONMENT - COMPANY NEWS

Source : Electrolux

Facebook Share Twitter Tweet Google Plus Share

Electrolux today announced it is investing in Sweden-based Karma, a leading startup that helps restaurants and supermarkets reduce food waste by selling unsold food to consumers. The investment is part of a wider USD 12 million round with other investors. Electrolux and Karma are also initiating a strategic partnership to explore common solutions in reducing food waste.

The new partnership with Karma will explore new innovative solutions within the future of food and help to scale up the fight against food waste. The partnership will combine Electrolux expertise within appliances and food preservation with Karma’s digital platform and expertise within sharing economy.

”We are committed to drive a positive change and we know that the best way to do this is by working together with others who share our ambition. Electrolux is continuously exploring solutions that drives a better and more sustainable living and we’re excited to support Karma”, said Jonas Samuelson, President and CEO of Electrolux.

Reducing food waste is an important target in Electrolux sustainability framework with the goal to inspire better food consumption among consumers and professionals.

“As a world leader in appliances, Electrolux is working closely with Karma to help alleviate the global problem of food waste. We’re impressed with Karma’s innovative digital business model particularly as everyone wins: both the food seller and buyer but importantly also the environment”, said Marty Carroll, Vice President Digital Marketing at Electrolux.

The USD 12 million round announced today was led by the Swedish investment firm Kinnevik. It also includes Bessemer, a U.S. venture capital firm, as well as other existing investors in Karma including the global venture capital firm e.ventures.





LATEST POSTS
Make a quick start, decide to right maneuvers at the right moment while sliding on a tiny sled in the ice tunnel, always try to be faster, and reach to the end of the track as soon as possible. This is the way I can define 'Skeleton' in a non-technical format. I had the chance to interview Janine Flock, 2015 Overall World Cup Winner Skeleton Athlete, about her career and the importance of individual sponsorship in winter sports.
Technology advances every day and adds new fun to our lives. VR headsets are one of the most important examples of this. Now, technology companies are developing tools to make everything more realistic and present their new products one by one. Beijing-based LUCI presents the World's First Immersion-on-Demand Personal Wearable.
We love to experience new cuisines and taste new dishes and delicacies. We like some of them and we want to eat it again, but we do not even prefer to taste some of them again. However, Italian cuisine has a special place, everyone loves Italian tastes. I talked to Chef Paolo Gallotti about his career and Vero Italian.
Successful architects not only create visible influences with the buildings they design, but also create inspiration for the next generations to reveal their passion for architecture. Jørn Utzon inspired the next generations with the Sydney Opera House he designed. I talked with Keri Murray, who inspired by the Sydney Opera House to pursue a career in architecture.
We don't have the ability to control time. But we can shape the clocks that connect time and us. Vadim Kibardin shows the time in different ways with the contemporary watches and clocks he designs. I talked to Vadim Kibardin about his career and his award-winning designs.