Vama raises ₹19 Cr led by Bhaskar family office
By Abha Lohia ·
- Vama is a Delhi spiritual tech platform offering temple services, astrology consultations and spiritual products to devotees
- It raised about ₹19 crore in an ongoing Pre-Series A round led by the family office of the Dainik Bhaskar group
- Wavemaker, Silver Needle and several angels joined, and the round values Vama near ₹180 crore, up 20% from before
What happened
- Vama raised ₹19.03 crore by issuing preference shares.
- The family office put in ₹12.5 crore.
- The round is still open, so more tranches may follow.
Why it matters
- Valuation is about ₹180 crore, up from ₹150 crore.
- It may be the family office's first startup bet.
The business
- Vama offers temple services, astrology and a spiritual shop.
- Temple services bring about 70% of revenue.
The founders
Who put in money
- Writers and Publishers Private Limited Lead — Dainik Bhaskar family office
- Wavemaker Partners Investor
- Silver Needle Ventures Investor
- Harit Nagpal Angel — MD and CEO of Tata Play
What happens next
- More tranches likely.
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Pre-Series A: A pre-Series A round is money raised after a seed round and before a full Series A, to help a startup show the growth that a Series A investor will want to see.
- Series A: Series A is usually the first large round a startup raises from venture capital funds, after it has shown that people want what it sells.
- Family office: A family office is a private company that manages the wealth of one wealthy family, or a few families together. In startups, family offices invest directly in companies and also back venture funds as limited partners.
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