AppsForBharat, the Bengaluru-based faith-tech startup behind the popular devotional app Sri Mandir, has raised ₹175 crore in a Series C funding round. The round was led by Susquehanna Asia Venture Capital, with continued support from existing investors such as Nandan Nilekani’s Fundamentum, Elevation Capital, and Peak XV Partners. The latest investment nearly doubles the company’s valuation to $175 million, up from $90 million in September 2024, when it last raised $18 million.
Founder and CEO Prashant Sachan shared that the company has already crossed a revenue run rate of ₹100 crore for FY25. In terms of impact, Sri Mandir has enabled over 5.2 million online pujas across more than 70 temples. With the new funding, the startup plans to enhance its service infrastructure by building fulfilment and logistics hubs in 20+ temple towns across India. This includes expanding regional hiring, scaling its commerce ecosystem, and refining user experience through AI.
“We are building AI features to guide devotees through rituals, festivals, and personalised content,” said Sachan. The goal is to assist users in navigating the app more intuitively, answering spiritual questions, and curating unique devotional journeys tailored to individual preferences.
The app’s influence extends well beyond India. Nearly 20% of user engagement comes from the Indian diaspora in countries like the US, UK, UAE, Canada, Australia, and New Zealand. This highlights the growing global demand for digital spiritual platforms that connect users to their faith traditions in a modern, accessible way.
As the faith-tech sector experiences rapid growth—expanding from $4.3 million in 2023 to $50.7 million in 2024—Sri Mandir stands out as a leader in bridging tradition with technology. With this momentum, AppsForBharat is positioning itself not only as a devotional app but as a full-fledged spiritual ecosystem catering to both domestic and global audiences.
