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Virtual spiritual app Vama doubles its revenue in FY25

EntrackrEntrackr · 3m ago
Virtual spiritual app Vama doubles its revenue in FY25
Medial

Virtual spiritual app Vama has demonstrated a two-fold scale during the fiscal year ended March 2025. However, in pursuit of growth, the firm's losses increased by 33% during the same period. According to provisional financial statements reviewed by Entrackr, Vama’s operating revenue rose to Rs 19.5 crore in FY25, up from 9.4 crore in FY24. Founded in late 2020 by Manu Jain and Acharya Dev, the Delhi-based startup provides virtual access to religious services, including e-pujas, e-darshans, and astrology consultations. The company claims to have facilitated over 1.5 lakh astrology and puja services globally through its Android and iOS apps. Vama generates its revenue primarily from recharges and pooja bookings on its platform. The company also added a bit of income from the interest and income tax refund, which tallied the total revenue to Rs 19.66 crore in FY25. When it comes to expenditures, marketing emerged as the largest cost driver, accounting for 40% of the total expenses, which surged 2.7X to Rs 13.93 crore in FY25. Employee benefit expenses followed at Rs 6.58 crore during the same period. The company’s direct costs, comprising astrology services, puja offerings, and VIP astrologer fees, stood at Rs 5.44 crore. Other overheads, including legal, payment gateway charges, technology, and video production, pushed Vama’s total expenditure to Rs 31.8 crore in FY25, up from Rs 18.5 crore in FY24. The two-fold growth in scale helped Vama contain its losses, which rose 33.3% to Rs 12 crore in FY25 from Rs 9 crore in FY24. As of March 2025, the company’s total current assets stood at Rs 7.52 crore. Vama has raised a total of $2.9 million to date, including its $1.5 million seed round led by Wavemaker Partners in 2023. Recently, Vama’s competitor, AppsForBharat, created buzz after raising $20 million in a Series C round. The Prashant Sachan-led company recorded Rs 18.53 crore operating revenue with Rs 39 crore loss. Its FY25 results have yet to come. It also competes with DevDham, Utsav App, Sutradhar, Ghar Mandir, and 27 Mantra.

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Exclusive: Vama set to raise fresh funds in pre-Series A round

EntrackrEntrackr · 10d ago
Exclusive: Vama set to raise fresh funds in pre-Series A round
Medial

Exclusive: Vama set to raise fresh funds in pre-Series A round Virtual spiritual app Vama is set to raise Rs 23.87 crore (around $2.7 million) in its pre-Series A round led by existing investor Wavemaker Partners with the participation of 500 Global, Venture Catalyst, 9Unicorns, Silver Needle Ventures, and other angel investors. The Vama’s board passed a resolution to issue 4,433 pre-Series A1 compulsory convertible preference shares at an issue price of Rs 53,466.8 per share to raise the mentioned sum, according to its filing with the Registrar of Companies (RoC). Wavemaker Partners will lead the round with an investment of Rs 11.37 crore, followed by 500 Global and Silver Needle Ventures with Rs 4.37 crore and Rs 3.2 crore, respectively. 9Unicorns will also participate with Rs 1.59 crore, while the remaining amount will be contributed by Venture Catalyst, Sadev Capital, and angel investors including Alok Nanavaty, Harit Nagpal, Swati Parikh, and Mahesh Kamdar. The company already received Rs 2.57 crore from Wavemaker partners in June 2025. According to the filing, the proceeds will be used to support business expansion and development needs. Vama is estimated to be valued at Rs 149 crore (around $17 million) post-money, according to Entrackr’s estimates. Founded in 2020 by Manu Jain and Acharya Dev, the Delhi-based startup offers virtual access to religious services such as e-pujas, e-darshans, and astrology consultations. Through its Android and iOS apps, it claims to have facilitated more than 1.5 lakh astrology and puja services worldwide. According to startup data intelligence platform TheKredible, Vama has raised around $5 million prior to this round. Following the latest allotment, Wavemaker will hold the largest external stake at 18.18%, while new investors 500 Global and Silver Needle Ventures will own 2.84% and 2.08%, respectively. The company’s promoters aka co-founders will collectively retain a 33.71% stake. For the fiscal year ending March 2025, Vama’s revenue doubled to Rs 19.5 crore, while its losses widened 33% to Rs 12 crore. It directly competes with AppsForBharat, which recently raised $20 million in a Series C round. Its other competitors include DevDham, Utsav App, Sutradhar, Ghar Mandir, and 27 Mantra.

Boom time for spiritual apps: Diwali set for surge in user activity

Economic TimesEconomic Times · 11m ago
Boom time for spiritual apps: Diwali set for surge in user activity
Medial

Spiritual and devotional app makers are expecting increased business this Diwali after witnessing a surge in user engagement during Navratri. Companies like Vama.app, Astrotalk, and DevDham saw significant growth during Navratri and are preparing for Diwali by expanding their services and offerings. The increase in virtual puja bookings and online darshans during Navratri has contributed to the growth in users and revenue for these platforms. As the festive period approaches, these companies are anticipating further growth in user participation and engagement. The growing interest in spiritual practices and the availability of regional language apps have contributed to the success of this segment.

Yatra profit spikes 10X in Q3 FY25; revenue doubles

EntrackrEntrackr · 7m ago
Yatra profit spikes 10X in Q3 FY25; revenue doubles
Medial

Yatra’s revenue from operations increased to Rs 235 crore in Q3 FY25 from Rs 110 crore in Q3 FY24, its consolidated unaudited financials sourced from National Stock Exchange (NSE) shows. The Gurugram-based firm managed to double its year-on-year revenue during the third quarter of FY25, compared to the same quarter of the previous fiscal (Q3 FY24). Income from hotels and packages was the largest revenue source followed by air ticketing and other allied services. It also made Rs 6 crore from financial sources tallying the firm’s overall income to Rs 241 crore in Q3 FY25 from Rs 119.2 crore in Q3 FY24. For more context, Yatra has reported a revenue of Rs 572 crore with a positive bottom line of Rs 21.3 crore in the first nine months of the ongoing fiscal year (FY25). The travel aggregator firm spent 56% of the overall expenditure on service costs which stood at Rs 131 crore, followed by employee benefits which were recorded at Rs 39 crore. Its spending on marketing, legal, information technology, and other costs pushed its overall expense to Rs 231 crore in Q3 FY25. The twofold year-on-year scale helped Yatra to register a 10X surge in its profits, bringing it to Rs 10 crore in Q3 FY25 against Rs 1 crore in Q3 FY24. On a unit level, the firm spent Re 0.98 to earn a rupee in Q3 FY25. Yatra is currently trading at Rs 93.21 with a 0.52% increase in its share price. Its total market capitalization stood at Rs 1,462 crore.

Yatra profit spikes 4X in Q1 FY26; revenue doubles

EntrackrEntrackr · 1m ago
Yatra profit spikes 4X in Q1 FY26; revenue doubles
Medial

Yatra profit spikes 4X in Q1 FY26; revenue doubles Online travel aggregator Yatra has shown impressive growth in scale as well as profits year-on-year. The Gurugram-based firm managed to double its year-on-year revenue during the first quarter of FY26, compared to the same quarter of the previous fiscal (Q1 FY25). Yatra’s revenue from operations increased to Rs 210 crore in Q1 FY26 from Rs 101 crore in Q1 FY25, according to its consolidated unaudited financials sourced from the National Stock Exchange (NSE). On a quarter-on-quarter basis, Yatra’s operating revenue fell 4% to Rs 210 crore in Q1 FY26 from Rs 219 crore in Q4 FY25. Income from hotels and packages was the largest revenue source followed by air ticketing and other allied services. It also made Rs 5 crore from financial sources tallying the firm’s overall income to Rs 215 crore in Q1 FY26 from Rs 109 crore in Q1 FY25. The travel aggregator firm spent 47% of the overall expenditure on Service costs which stood at Rs 94 crore, followed by employee benefits which were recorded at Rs 40 crore. Its spending on marketing, legal, information technology, and other costs pushed its overall expense to Rs 198 crore in Q1 FY26. The twofold year-on-year scale helped Yatra to register a 4X surge in its profits, bringing it to Rs 16 crore in Q1 FY26 against Rs 4 crore in Q1 FY25. On a unit level, the firm spent Re 0.94 to earn a rupee in Q1 FY26 with EBITDA of Rs 28 crore in the same period. At the end of today’s trading session, Yatra was trading at Rs 95.61 with a 3.32% decrease in its share price. Its total market capitalization stood at Rs 1,500 crore.

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