The VAMA founding team
Singapore-based early-stage VC firm Wavemaker Partners has led the US$1.5 million seed extension investment round for VAMA, a one-stop virtual platform providing easy access to an array of services for one’s religious and spiritual journey.
This marks Wavemaker’s maiden investment in an India-incorporated startup. The deep-tech investor infused US$1.1 million into the startup, while the rest came from existing investors, such as Lisa Gokongwei-Cheng and Harit Nagpal.
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Additionally, several micro VC investors, including Blume Founders Fund, Alluvium, and Untitled VC, and notable angels, such as Burak Buyukdemir and Dhruv Bahl, also participated.
VAMA will use the funds to acquire talent, bolster product development, and improve its technology. The app is gearing towards a more extensive integration of temple-related services alongside scaling its astrology vertical. It plans to introduce new products and services.
“Our primary goal is to expand our team and enhance our technological capabilities to deliver an unmatched digital experience to devotees worldwide. This latest funding round will fuel our efforts to develop a cutting-edge technology platform,” said VAMA Co-Founder Manu Jain.
Established in late 2020 by Aacharya Dev, Himanshu Semwal, and Jain, VAMA.app is a virtual platform serving as a one-stop destination for easy access to e-pujas, e-darshans, and astrology services for devotees across India. The platform offers virtual puja remedies in temples to devotees and customers from all over the world.
It has partnered with over 250 temples throughout India and built a network of more than 300 astrologers on its platform.
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According to Jain, the company aims to transform the traditional offline Mandir ecosystem into a digital realm through content-driven products designed to captivate, empower, and promote enduring engagement.
VAMA has so far raised a total of US$2.8 million in funding.
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Image Credit: VAMA.
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