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Virtual spiritual app Vama doubles its revenue in FY25

EntrackrEntrackr · 1m 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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Boom time for spiritual apps: Diwali set for surge in user activity

Economic TimesEconomic Times · 9m 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 · 5m 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.

InstaAstro raises $2.3 Mn led by Artha Venture Fund

EntrackrEntrackr · 1y ago
InstaAstro raises $2.3 Mn led by Artha Venture Fund
Medial

Online astrology platform InstaAstro has raised Rs 18.50 crore in its pre-Series A round led by Artha Venture Fund. The round also saw participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund and Aloke Bajpai, MD & CEO of Ixigo. In November 2021, InstaAstro had raised Rs 3.2 crore in a seed round led by Artha Venture Fund along with Ramakant Sharma’s LogX Ventures. With fresh funds, InstaAstro is launching new spiritual e-commerce, daily pooja, and reiki healing services. As per the company, these offerings would deepen the platform’s user engagement and provide access to a comprehensive spiritual and astrological guidance ecosystem. Founded by Nitin Verma, InstaAstro claims to have over 200,000 monthly app installs, 50,000 minutes per day in consultations, and an ARR of $5 million. It offers horoscopes, tarot readings, and numerology in English, Hindi, and various regional languages. The startup has a total user base of over 5 million users and provided a cumulative consultation of more than 2 crore (20 million) minutes to its subscribers in FY24. The firm has 1,500 astrologers on its platform. It competes with GaneshaSpeaks, AstroTalk, Click Astro, and Bodhi. In the past 12 months, a clutch of astro and spiritual tech startups raised funds. The list included AstroTalk, Vama, Utsav, DevDham (previously DevDarshan), and Melooha. As per Entrackr’s sources, Bodhi is also in talks to raise a new round. AstroTalk had raised the largest funding ($20 million) among the astro and spiritual tech startups.

Spiritual startup My Tirth India shuts down ops due to lack of funds

EntrackrEntrackr · 11m ago
Spiritual startup My Tirth India shuts down ops due to lack of funds
Medial

Spiritual tech startup My Tirth India announced on Monday that it is shutting down operations due to a funding crisis. This news comes as a surprise, given that spiritual tech has emerged as one of the hottest sectors, even though the funding environment has been tight for others. In the past 15 months, over a dozen startups in the spiritual tech space have mopped up more than $40 million. My Tirth India is a pilgrimage and darshan site which used to enable tours to India’s top religious destinations by bringing temples, priests, hotels, travel agents, astrologers, ayurveda, and yoga to one platform. “..we have tried to generate as much employment as possible across cities, villages and towns encouraging people to rediscover their culture, traditions and heritage. But it’s with utter sadness that we finally have to shut down the office due to the lack of funds after the unfortunate demise of our principal shareholder and mentor,” said Indraneel Dasgupta, co-founder and CEO of My Tirth India. According to My Tirth India, it raised nearly $1 million from the late Subrata Roy who was the company’s principal shareholder and mentor. Roy was the founder and managing director of Sahara India Pariwar. Currently, singer Anup Jalota is My Tirth India’s chief mentor. Founded in 2019, the firm also launched spiritual membership programmes for travelers, and spiritual showrooms in cities like Lucknow, Varanasi, Kolkata, Noida, and spiritual products like agarbatti, dhoop, puja samagri, havan samagri, and idol, among others. According to industry reports, the Indian travel industry accounts for 10% of the country’s GDP. About 65% to 70% of the entire volume is contributed by spiritual tourism. As per data compiled by TheKredible, astro and spiritual tech startups have rmore than $40 million in the past 15 months. The notable names include Ustav App, DevDham, InstaAstro, AstroTalk, Vama, and Melooha also raised decent funding during the period. SriMandir’s parent company AppsForBharat is also in talks to raise $15 million in a new round. Entrackr exclusively reported the development in May.

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