Ending Soon! Save 33% on All Access

VAMA Raises $500,000 In Top-Up Seed Round With this latest infusion, the startup has closed its Seed round at $1.25 million

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

VAMA. App, fastest-growing virtual platforms that provides easy access to an array of services for one's religious and spiritual journeys, has raised $500,000 as a top-up to its Seed round, which took place earlier this year. With this latest infusion, the startup has closed its Seed round at $1.25 million. The round was led by prolific Filipino investor-entrepreneur, Lisa Gokongwei-Cheng, along with participation from The Fund, a US-based pre-Seed fund made up of over 500 founders and operators. VAMA's existing marquee investors, 7Square Ventures, Supermorpheus and Harit Nagpal also participated in this round.

"We are happy to close our Seed round at $1.25 million. Our focus will be on expanding our workforce and technological expertise, with an aim to provide unparalleled digital experience to devotees across the world. With more devotees shifting to the online medium for their religious requirements, we aim to capitalise on the 100 times growth potential of virtual footfalls. With our upcoming features such as live streaming of aartis and pujas, we plan to leverage the power of social live commerce to amplify our value proposition," said Manu Jain, co-founder, VAMA.

VAMA.app has so far enabled over 150,000 Astrology consultations and virtual puja and is available on Android and iOS devices. The company plans to expand its service portfolio with the inclusion of features such as live streaming of darshan and aartis and online donation. It is also eyeing expansion in international markets such as the Middle East, USA, and Canada, claimed by the company in a statement.

"We are excited with the opportunity to invest in VAMA. It targets a large and established market, has a business model that may prove recession-proof, and most importantly, is run by a team we believe is fully capable to lead the company to success," said Lisa Gokongwei-Cheng

Established by Acharya Dev, Himanshu Semwal and Manu Jain in late 2020, VAMA.app is a one-stop virtual platform that provides easy access to an array of services for one's religious/spiritual journey.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.

Franchise

What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.