DevDham Secures Rs 6 crores in Seed Funding led by Titan Capital, All In Capital, Others

Updated on: 4 January 2024 7:06 pm

The report observed that the IT and ITeS companies accounted for $8 Billion of the total PE-VC investment pie in 2023, a 61 per cent decrease when compared with 2022

PE-VC Investments Witness 38 Per Cent Decline in 2023, Falling Below $30 Billion: Report Photo: The report observed that the IT and ITeS companies accounted for $8 Billion of the total PE-VC investment pie in 2023, a 61 per cent decrease when compared with 2022

DevDham (previously DevDarshan), a devotional platform for Temples, has raised Rs 6 crores in its seed round. The round was led by Titan Capital, All In Capital, Veda VC, and TDV Partners.

The investment raised will be used to expand the Temple network, enhance technology infrastructure, and strengthen marketing efforts, the company added in its statement.

The start-up is planning to focus on building tech and product infrastructure, operations, and Temple Relations, it added.

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Founded by IIT graduates, Pranav Kapoor, Suyash Taneja, and Sagnika Chowdhury, aims to connect devotees globally with Hindu temples, offering online daily darshan, pujas, and digital donations.

The devotional Market in India is $50 billion and unorganised and the launch of this platform has laid the founding stones for enabling mantra chanting in temples across India.

Bipin Shah, partner at Titan Capital said, "DevDham is playing a pivotal role in reviving traditions and bringing all established temple Pooja live on the app. We are glad to be a part of something transformative, to empower people on their spiritual journeys and make a positive impact on their lives.“

Pranav Kapoor, co-founder at DevDham said, “We aim to lay a strong digital foundation for Indian Culture, Sanatan Dharma, and Vedic Traditions. This investment is a testament to our potential, a catalyst for future growth, and a step closer towards Digital Bharat and Vedic Culture. Om Namah Shivaya”

The platform's innovative approach has garnered substantial market momentum, making it a key player in the evolving landscape of Religion Tech. Since its inception, DevDham, previously known as DevDarshan, has enabled 500,000+ mantras chanting and 100,000+ Darshan for 100,000+ devotees.

DevDham has built a network of 500+ Temples and 2000+ Pandits in 18 states. In the future, DevDham aims to become a one-stop devotional platform to cater to all Devotional needs.