KIIT-TBI start-up company KARMA Pvt Ltd received 5.0 Cr Investment fund from Angel Investors from the USA. KARMA has been funded by SEED fund from NSTEDB, TDB and INVENT funding of DFID. KARMA is founded by Prof. Saroj Nayak, Professor at IIT Bhubaneswar and incubated his company at KIIT-TBI in 2014. KARMA is developing solar driven products with great social impact. KIIT-TBI felicitated him for such achievement.