Vama’s Successful Pre-Series A Funding Round

Vama, a rising spiritual tech startup, has successfully secured Rs 19.03 crore (approximately $2.1 million) in its ongoing Pre-Series A fundraising effort, headed by Writers and Publishers Private Limited, which operates as the family office for Dainik Bhaskar. This funding round also attracted investments from Wavemaker Partners, Silver Needle Ventures, Harit Nagpal, MD and CEO of Tata Play, Swati Parikh, Vinay Mittal, and Nikhil Bhandarkar.

Details of the Funding Round

According to regulatory filings reviewed by Startup Superb, Vama has allocated 3,452 compulsorily convertible preference shares (CCPS) at an issue price of Rs 55,134.39 per share, totalling Rs 19.03 crore. The fundraising round appears to still be in progress, suggesting that the Delhi-based startup may secure further capital in subsequent phases.

Key Investors and Contributions

The leading investor in this funding round, Dainik Bhaskar’s family office, contributed Rs 12.50 crore, while other investors, including Wavemaker Partners, Silver Needle Ventures, Harit Nagpal, Swati Parikh, Vinay Mittal, and Nikhil Bhandarkar, provided the remaining Rs 6.53 crore. Notably, Vama’s funding marks one of the first publicly reported startup investments from Dainik Bhaskar’s family office.

Valuation Insights

Based on estimates from Startup Superb, this funding round values Vama at approximately Rs 180 crore, reflecting a 20% increase from its earlier Pre-Series A round, which had valued the company at Rs 150 crore.

About Vama

Established in 2020 by Acharya Dev and Manu Jain, Vama offers devotees access to a range of temple services, astrology consultations, and spiritual products via its platform. Approximately 70% of Vama’s revenue is generated from temple services, with astrology and the Vama Mall accounting for the remainder.

Expansion Opportunities

Dainik Bhaskar’s extensive presence in Hindi-speaking markets could significantly enhance Vama’s growth potential and improve its network with temples and other service providers. After the latest allocation, Dainik Bhaskar’s family office now holds just under 6.98% of Vama. Co-founders Manu Jain and Acharya Dev, also known as Sandeep Chandra Tiwari, hold stakes of 14.44% and 14.43%, respectively.

The company had previously raised Rs 22 crore (approximately $2.47 million) in a Pre-Series A funding round, which was led by Wavemaker Partners in September 2025, with contributions from 500 Global, Sadev Ventures, and other backers.