AppsForBharat plans to use the fresh funds to scale up operations of its Sri Mandir app, onboard new temples, launch additional services and build a comprehensive tech stack for devotional ecosystem
Sri Mandir achieved contribution margin positivity in February 2024. The founder expects profitability within 18-24 months
While the platform is currently focused online, the founder plans to expand Sri Mandir into offline channels shortly
Bengaluru-based AppsForBharat, which runs spiritual tech platform Sri Mandir, has secured $18 Mn (around INR 151.1 Cr) in a Series B funding round led by Nandan Nilekani’s VC fund Fundamentum.
The round also saw participation from Susquehanna Asia VC and existing backers like Elevation Capital, Peak XV and Mirae Asset VC.