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Exclusive: Info Edge in talks to lead $2.5 Mn round in Ghar Mandir

EntrackrEntrackr · 28d ago
Exclusive: Info Edge in talks to lead $2.5 Mn round in Ghar Mandir
Medial

Exclusive: Info Edge in talks to lead $2.5 Mn round in Ghar Mandir Ghar Mandir, a digital devotional platform, is in late-stage talks to raise $2.5 million in its maiden funding round led by Info Edge, according to people familiar with the matter. The latest capital infusion is expected to help Ghar Mandir accelerate its product development and expand its reach, as competition intensifies within India’s burgeoning faith-tech sector. “Info Edge is expected to issue a term sheet as due diligence enters its final stage,” said one of the persons requesting anonymity. The round will mark Info Edge’s first lead investment in the temple-tech or devotion tech space this year. Ghar Mandir, founded by Samya Mittal and Apurva Shah in August 2023, lets users book temple offerings and devotional services online. Partnering with over 50 temples and priests, it delivers prasad, conducts rituals starting at Rs 101, and shares video recordings. The bootstrapped platform claims to have served over one lakh users to date. According to sources, the deal is expected to close in a few weeks, with Ghar Mandir targeting a valuation of $10–15 million, if all goes as planned. Queries sent to Ghar Mandir and Info Edge did not elicit an immediate response. The move comes on the heels of competitor AppsForBharat, parent of Sri Mandir, raising $20 million in a Series C round led by Susquehanna Asia Venture Capital last month. DevDham, Vama, Utsav App, Sutradhar, and 27 Mantra are also competing in the same space. According to a formal complaint against Ghar Mandir and others reviewed by Entrackr, the apps came under scrutiny following a spate of cyber frauds. A notice from the Ahmednagar Cyber Police warned about fake websites offering VIP passes for the Shirdi Sai Baba temple. The complaint added that fraudsters are deceiving people by collecting money and personal details through these sites.

Digital spiritual platform Bhagva raises $1 Mn in pre-Series A round

EntrackrEntrackr · 4m ago
Digital spiritual platform Bhagva raises $1 Mn in pre-Series A round
Medial

Digital spiritual platform Bhagva raises $1 Mn in pre-Series A round Digital spiritual platform Bhagva has raised $1 million in a pre-Series A funding round from Australian high-net-worth individual Pradeep Nain, among other investors. The proceeds will be used to expand its technological infrastructure and optimize its operational capabilities, ensuring a seamless and enriching experience for its growing user base, Bhagva said in a press release. Founded in 2022 by Jagriti Motwani, Bhagva provides users with access to online pujas and pandit booking services, enabling spiritual rituals to be performed effortlessly. Additionally, the platform offers detailed Panchang and horoscope features, delivering daily spiritual guidance and essential updates to its users. The app’s user-friendly interface ensures accessibility across all age groups. The Delhi-based company aims to empower women and underrepresented groups by offering skill education related to pooja articles. This includes training in making items such as agarbattis (incense sticks), solar diyas, and various artifacts, enabling them to partake in economic and cultural activities. Bhagva says that its app and website are a daily source of spirituality, allowing digital pooja, online pooja, offline pooja, panchang, astrology, jaap services, along with a pooja shop. It remains committed to enriching the spiritual lives of individuals by blending age-old traditions with the conveniences of modern technology. It competes with other players in this space such as Astrotalk, AppsForBharat, Vama.app, DevDham, Utsav, InstaAstro, Japam, Temple Connect, and Rgyan.

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