Devotional platform Vama nets Rs 22 crore in funding round

Spiritual and devotional platform Vama.app has raised Rs 22 crore in a funding round led by existing investor Wavemaker Partners. The company is currently valued at Rs 147 crore. The round also saw participation from 500 Global, Sadev Ventures, Venture Catalysts, Silverneedle Ventures, and other angel investors.

The startup plans to use the capital to enter new segments such as ecommerce and offline spiritual tourism, while enhancing its product offerings and spending on marketing initiatives.

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