DevDham Raises Rs 6 Crore in Seed Funding Round Led by Titan Capital and Others

• ByStartupStory     |    January 4, 2024

DevDham, a devotional platform for temples, has announced raising Rs 6 crore in its seed funding round led by Titan Capital, All In Capital, Veda VC, and TDV Partners. The startup plans to utilize the capital to expand its temple network, enhance its technology infrastructure, and strengthen its marketing efforts as it focuses on building its tech and product infrastructure, operations, and more.

Commenting on the investment, Bipin Shah, Partner at Titan Capital, expressed his enthusiasm about DevDham’s role in reviving traditions and bringing established temple Pooja live on the app. He emphasized their commitment to empowering people on their spiritual journeys and making a positive impact on their lives.

Titan Capital, an early-stage venture capital firm founded by Snapdeal’s founders Kunal Bahl and Rohit Bansal, has raised over $10 billion from more than 100 institutional investors. Some of its notable portfolio companies include Ola, Mamaearth, Razorpay, Urban Company, and Netmeds.

DevDham, previously known as DevDarshan, was founded by IIT Graduates Pranav Kapoor, Suyash Taneja, and Sagnika Chowdhury with the aim of connecting devotees globally with Hindu temples. The platform offers online daily darshan, pujas, and digital donations. The startup believes that the devotional market in India, estimated at $50 billion, is largely unorganized.

Pranav Kapoor, Co-Founder at DevDham, highlighted their vision to establish a strong digital foundation for Indian culture, Sanatan Dharma, and Vedic traditions. He sees this investment as a catalyst for future growth, bringing them closer to their goal of digital Bharat and Vedic culture.

Since its inception, DevDham has expanded its network to include over 500 temples and more than 2,000 pandits across 18 states. According to research firm Expert Market Research, the Indian religious and spiritual market reached approximately $58.56 billion in 2023 and is expected to grow at a CAGR of 10% during the forecast period of 2024-2032.

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