DevDham Secures Rs 6 Crore in Seed Funding Led by Titan Capital and Other Investors
DevDham, a platform catering to temple-based devotional activities, has raised Rs 6 crore in seed funding from investors such as Titan Capital, All In Capital, Veda VC, and TDV Partners. The startup intends to utilize this investment to expand its temple network, bolster its technological infrastructure, and fortify its marketing endeavors. Prioritizing the enhancement of its tech and product infrastructure and operational aspects, the company aims to concentrate on augmenting its overall offerings. Bipin Shah, Partner at Titan Capital, expressed excitement regarding the investment in DevDham. He highlighted the platform's significance in revitalizing traditions by bringing live temple Pooja experiences to its app. Shah emphasized their dedication to empowering individuals on their spiritual journeys, aiming to create a positive impact on their lives.
Titan Capital, a venture capital firm established by Snapdeal’s founders Kunal Bahl and Rohit Bansal, has secured over $10 billion from over 100 institutional investors, with a portfolio featuring notable companies like Ola, Mamaearth, Razorpay, Urban Company, and Netmeds. Originally named DevDarshan, DevDham was founded by IIT Graduates Pranav Kapoor, Suyash Taneja, and Sagnika Chowdhury with the objective of globally connecting devotees with Hindu temples. The platform facilitates online daily darshan, pujas, and digital donations. The startup perceives India's devotional market, estimated at $50 billion, as largely disorganized.
Pranav Kapoor, Co-Founder of DevDham, underscored their vision to establish a robust digital platform for Indian culture, Sanatan Dharma, and Vedic traditions. He views the investment as a catalyst propelling future growth, bringing them closer to their goal of a digital Bharat and the preservation of Vedic culture. Since its establishment, DevDham has expanded its network, encompassing over 500 temples and more than 2,000 pandits across 18 states. According to Expert Market Research, the Indian religious and spiritual market reached approximately $58.56 billion in 2023, projected to grow at a 10% CAGR from 2024 to 2032.
Titan Capital, a venture capital firm established by Snapdeal’s founders Kunal Bahl and Rohit Bansal, has secured over $10 billion from over 100 institutional investors, with a portfolio featuring notable companies like Ola, Mamaearth, Razorpay, Urban Company, and Netmeds. Originally named DevDarshan, DevDham was founded by IIT Graduates Pranav Kapoor, Suyash Taneja, and Sagnika Chowdhury with the objective of globally connecting devotees with Hindu temples. The platform facilitates online daily darshan, pujas, and digital donations. The startup perceives India's devotional market, estimated at $50 billion, as largely disorganized.
Pranav Kapoor, Co-Founder of DevDham, underscored their vision to establish a robust digital platform for Indian culture, Sanatan Dharma, and Vedic traditions. He views the investment as a catalyst propelling future growth, bringing them closer to their goal of a digital Bharat and the preservation of Vedic culture. Since its establishment, DevDham has expanded its network, encompassing over 500 temples and more than 2,000 pandits across 18 states. According to Expert Market Research, the Indian religious and spiritual market reached approximately $58.56 billion in 2023, projected to grow at a 10% CAGR from 2024 to 2032.
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