September 10, 2024: AppsForBharat, has successfully raised $18 million (Rs 151 crore) in Series B funding to augment its expansion plans and enhance Sri Mandir’s operational footprint both within India and internationally. Introduce new tech stack as well as temple listings.
The company’s strategic plan include the introduction of new temples in their portfolio, including the expansion of services, and the development of a comprehensive devotional tech stack. Furthermore, broaden the platform’s capabilities to better serve the spiritual needs of millions of devotees across the globe.
Prashant Sachan, Founder and CEO of AppsForBharat, expressed his enthusiasm about the investment, stating, “We are committed to building the most trusted destination for devotees, offering them unparalleled access to spiritual services. The overwhelming support we’ve received underscores the demand for such a platform, and this funding will enable us to further our mission.”
The strategic vision for Sri Mandir over the next five years includes the integration of spiritual tourism, the facilitation of special Darshan tickets, and the seamless delivery of prasadam and related devotional goods. These innovations are aimed at transforming Sri Mandir into a comprehensive digital tech platform that supports every aspect of devotional practice.
AppsForBharat to onboard new temples, introduce new services, and build a comprehensive tech stack in Sri Mandir App
Founded in 2020, AppsForBharat launched Sri Mandir as a flagship app to support users in their spiritual journeys. The platform, managed by Prashant Sachan and Pulkit Pujara, has grown rapidly since its launch in 2021. With over 30 million downloads and more than 5 lakh devotees participating in 27 lakh pujas and offerings, Sri Mandir provides access to over 50 temples and a range of devotional content.
Ashish Kumar, Co-founder & General Partner at Fundamentum, highlighted the potential of the devotional sector, stating, “India’s $50 billion devotional market presents a significant opportunity for digital innovation. Prashant and his team have created a unique product that harmoniously blends tradition with technology. We anticipate continued growth in both domestic and international markets.”
With plans to expand its temple listings tenfold in India, develop a robust spiritual tourism ecosystem, and offer the app in five regional languages, AppsForBharat is geared up to make a substantial impact on the global devotional landscape in the coming year.
This investment was led by Fundamentum, with notable participation from Susquehanna Asia VC, Elevation Capital, Peak XV, and Mirae Asset VC.
