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AppsForBharat Raises $20M to Expand Sri Mandir

  • AppsForBharat secures Rs 175 crore ($20 million) in a Series C round led by Susquehanna Asia Venture Capital, with participation from existing investors.
  • This marks the second funding round within a year, following a Rs 149 crore ($18 million) Series B round in September 2024.
  • Sri Mandir app aims to expand its operations across 20 temple towns in India, enhancing logistics and service fulfillment in key locations.
  • The company plans to integrate AI features to improve user interaction and content discovery.
  • Sri Mandir currently boasts 3.5 million monthly active users, with significant revenue contributions from the Indian diaspora abroad.

Source: The Arc

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