Devotional platform for temples DevDham has raised Rs 6 crore in its seed round led by Titan Capital, All In Capital, Veda VC, and TDV Partners, the startup said on Wednesday. The capital raised by the company will be deployed to expand the temple network, enhance technology infrastructure, and strengthen marketing efforts as DevDham plans to focus on building tech and product infrastructure, operations, and more.
Bipin Shah, Partner at Titan Capitalsaid,“DevDham is playing a pivotal role in reviving traditions and bringing all established temple Pooja live on 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.”
DevDham (previously DevDarshan)was started by IIT Graduates, Pranav Kapoor, Suyash Taneja and Sagnika Chowdhury, to connect devotees globally with Hindu temples, offering online daily darshan, pujas, and digital donations. Devotional Market in India, according to the startup, is $50 billion andunorganized.
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.”
Since its inception, DevDham said it has added over 500 temples in its network and more than 2,000 pandits in 18 states.
According to research firm Expert Market Research, the Indian religious and spiritual market size reached approximately $58.56 billion in 2023. The market is further expected to grow at a CAGR of 10 per cent during the forecast period of 2024-2032.
Among the startups in the religious and spiritual market in India are Utsav, 27 Mantra, Sutradhar, AstroTalk, Vama and others.
