Bengaluru-based Apps For Bharat, a product studio focused on building apps for the spiritual and devotional needs of Indian users, has raised $10 million in a Series A round led by Elevation Capital with participation from existing investors Sequoia Capital India, BEENEXT, and Matrix Partners India.
The round additionally highlighted driving holy messengers like Scott Schleifer (Partner, Tiger Global); Saurabh Gupta (Managing Partner, DST Global); Ankush Sachdeva, Farid Ahsan, and Bhanu Pratap Singh (Co-authors, ShareChat); Utsav Somani (Partner, iSeed); Anshumani Ruddra (Group PM, Google); Vidit Aatrey and Sanjeev Barnwal (Co-originators, Meesho); and Kunal Shah (Founder, CRED), Sai Srinivas, Co-organizer and CEO, MPL.
As indicated by the authority proclamation, the organization will utilize the financing for making content IPs, assembling the item, and employing ability across the item, information, and designing verticals.
Beforehand, in April 2021, the startup had gotten $4 million in seed subsidizing (declared as of late) from Sequoia Capital India, BEENEXT, and WEH Ventures.
Established in November 2020 by Prashant Sachan, AppsForBharat was set up with a dream to fabricate an otherworldly tech organization that explicitly takes into account the requirements of Indians.
The startup is at present fostering a scope of portable applications that offer better client encounters and cook than the country’s numerous underserved and frequently ignored profound just as reverential requirements.
Its wide scope of items will incorporate great otherworldly, reverential, prosperity, and reflection-related apparatuses, networks, and administrations.
AppsforBharat means to turn into an advanced otherworldly asylum for those hoping to improve their profound and reverential excursion through the simplicity of their cell phones.
Their applications are endeavoring to move disconnected conduct to on the web and consequently make an advanced propensity.
Remarking on the subsidizing, Prashant Sachan, Founder, AppsForBharat, said, “We are thankful to have such extraordinary accomplices on our excursion.
As we keep building AppsForBharat, we are assembling an extraordinary group that is client fixated and moving toward it the correct way — focussing on client needs just as driving joy and long haul maintenance.”
“Our point is to construct items that clients love, one that turns into an everyday propensity for a billion Indians, items that offer joy and harmony.
On the off chance that somebody (understanding this) is energetic with regards to building items for such necessities, we welcome them to join our group.”
Its first item – SriMandir plans to be the virtual objective for fans to make their customized sanctuaries, devour reverential substance, interface with petition gatherings, and access an enormous library of otherworldly texts, sacred writings, and recordings.
Mayank Khanduja, Partner, Elevation Capital, said:
As early financial backers in various substance and social stages, we have been close observers to the need hole for reverential stages.
At the point when we met Prashant and heard his vision behind AppsForBharat, we in a flash realized this is a business we need to be accomplices in.
As we addressed the clients, we understood that the item is fulfilling the necessities of an extremely wide circulation of crowd across age gatherings, geographic areas, and levels of pay.
We are truly amped up for the huge chance ahead for the organization in building an item that works for a billion or more individuals.