VAMA, a virtual spirituality startup, has successfully raised $1.5 million (INR 12.5 Cr) in funding to boost its virtual astrology and temple services.
The investment, led by Wavemaker Partners, saw participation from notable names like Lisa Gokongwei-Cheng of Summit Media and Harit Nagpal from Tata Play.
This funding round attracted support from various micro venture capitalists such as Blume Founders Fund, Alluvium, and Untitled VC, along with individual backers like Burak Buyukdemir and Dhruv Bahl. Before this, the startup had secured $500,000 in funding, spearheaded by Lisa Gokongwei-Cheng in December last year.
VAMA, established in late 2020 by Aacharya Dev, Manu Jain, and Himanshu Semwal, is a platform offering e-pujas, e-darshans, and astrology services to devotees across the nation.
According to the reports, the fresh infusion of capital will be channeled towards talent acquisition, bolstering product development, and enhancing technological infrastructure. The primary goal remains the expansion of its user base.
The platform as per reports has already facilitated over 150,000 astrology consultations and virtual pujas, accessible via Android and iOS devices. VAMA aims to continue offering virtual puja remedies to devotees worldwide.
This latest funding marks a crucial milestone for VAMA as it strives to deliver accessible and comprehensive virtual spiritual experiences to a global audience.