NEW DELHI, 21 NOVEMBER 2023 – Wavemaker Partners, a leading early-stage venture capital firm dedicated to investing in solutions in enterprise, deep tech, and sustainability, has led the Seed+ funding round for VAMA.app. Wavemaker’s investment amounting to US$1.1 million marks its first in an India-incorporated tech company.
Phuong Tran, Investment Principal at Wavemaker Partners, said, “The founders’ complementary skills, steadfast dedication, and strategic vision have enabled VAMA to create something exceptional out of its humble beginnings. By combining astrology and digital temple access in an easily accessible platform, VAMA’s ingenious approach has paved the way for an extraordinary venture that helps users address their spiritual needs. VAMA’s incredible journey speaks volumes about its resilience, innovation, and unwavering commitment to excellence within the faith-tech sector. We have faith in VAMA’s potential to become India’s largest digital spiritual platform.”
Existing marquee investors such as Lisa Gokongwei-Cheng and Harit Nagpal have reaffirmed their support by doubling down on their investments. Additionally, several micro VC investors including Blume Founders Fund, Alluvium, and Untitled VC, as well as notable angel investors such as Burak Buyukdemir and Dhruv Bahl, also participated in the funding round, bringing the Seed+ amount to US$1.5 million.
The freshly raised funds will be used by the startup to acquire talent, bolster product development, and improve its technology, with a vision to further expand its user base. VAMA is gearing towards a more extensive integration of temple-related services alongside scaling its astrology vertical. It plans to introduce new products and services to significantly enhance user experiences in the coming year.
“Our primary goal is to expand our team and enhance our technological capabilities to deliver an unmatched digital experience to devotees worldwide. This latest funding round will fuel our efforts to develop a cutting-edge technology platform. We are delighted to have achieved a product-market fit that deeply resonates with our users,” said VAMA Co-Founder Manu Jain.
“Moreover, this investment stands as a testament to our unwavering commitment to meeting the spiritual needs of our ever-growing user base. We aim to transform the traditional offline Mandir ecosystem into a digital realm through content-driven products designed to captivate, empower, and promote enduring engagement,” Jain added.
VAMA has so far raised a grand total of US$2.8 million in funding. Established in late 2020 by Aacharya Dev, Himanshu Semwal, and Manu Jain, VAMA.app is a virtual platform serving as a one-stop destination for easy access to e-pujas, e-darshans, and astrology services for devotees across India. It has successfully partnered with over 250+ temples throughout India and built a network of more than 300 astrologers on its platform. This extensive network further solidifies VAMA.app’s position as a leading provider of diverse spiritual services.
About VAMA.app
Established by Acharya Dev, Himanshu Semwal & Manu Jain in late 2020, VAMA.app is a one-stop virtual platform that provides easy access to an array of services for one’s religious and spiritual journey. The platform offers virtual puja remedies in temples to devotees and customers from all over the world, Through purna puja offerings, astrology services, and remedies, VAMA aims to provide a divine and fulfilling spiritual experience to its users. Based on the extensive knowledge and experience of experts, VAMA offers solutions tailored to the needs of clients. It aspires to be a reliable and trustworthy partner ensuring that its users feel safe, understood, and connected at all times. For more information, please visit: https://www.vama.app/
In the picture: VAMA.app Co-Founders, from left—Manu Jain, Acharya Dev, and Himanshu Semwal.
