AppsForBharat Nets $18 Mn To Boost Operations Of Its Spiritual App Sri Mandir, Eyes Offline Expansion

AppsForBharat Nets $18 Mn To Boost Operations Of Its Spiritual App Sri Mandir, Eyes Offline Expansion

SUMMARY

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.

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