The spiritual-tech company, AppsForBharat has secured $10 million (about ₹73 crore) in funding round. It was led by Elevation Capital.
The round witnessed the participation from existing investors like Sequoia Capital India and BEENEXT as well as Matrix Partners India.
Angel investors like Scott Schleifer (Tiger Global Partner), Saurabh Gupta (DST Global Managing Partner), Ankush Sachdeva, ShareChat co-founders Farid Ahsan and Bhanu Pratap Singh, Utsav Somani (iSeed Partner), Anshumani Ruddra (Google Group Product Manager), Meesho co-founders Vidit Aatrey and Sanjeev Barnwal, and Cred founder Kunal Shah also participated, it added.
The fresh funds will be used for creating content IPs, building the product, and hiring talent across the product, data and engineering verticals.
In April this year, the company has received $4 million in seed funding from Sequoia Capital India, BEENEXT, and WEH Ventures.
Founded in November 2020 by Prashant Sachan, AppsForBharat aims to build a spiritual-tech company, which specifically addresses the underserved digital and spiritual needs of the Indian population.
It will include products that offer spiritual, devotional, well-being, and meditation-related tools, communities, and services.
“As we continue building AppsForBharat, we are putting together a great team that is customer obsessed and approaching it the right way - focussing on user needs as well as driving delight and long-term retention," Sachan said.
