Bengaluru, July 1 -- AppsForBharat, which runs online devotional app Sri Mandir, has raised Rs.175 crore in a Series C funding round led by Susquehanna Asia Venture Capital with participation from existing investors Nandan Nilekani's Fundamentum, Elevation Capital, and Peak XV Partners.
The primary funding round values the Bengaluru-based startup at $175 million, almost doubling since September 2024, according to a person with knowledge of the matter. The firm had bagged $18 million from Fundamentum and other investors in September. AppsForBharat declined to comment on the valuation.
The company crossed a revenue rate of Rs.100 crore in FY25 and facilitated 5.2 million online pujas and offerings at more than 70 temples across India, its...
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