AppsForBharat has successfully raised $20 million for its devotional app, Sri Mandir, following notable interest from investors due to the app’s success in the Hindu religious market. The app, which has over 40 million downloads, serves as a digital platform for performing prayers and making offerings to Indian temples. With a growing user base of 3.5 million monthly active users, Sri Mandir is capitalizing on the substantial offline Hindu temple economy, estimated at ₹3.02 trillion, while addressing service fragmentation through its technology-driven solutions.
The Hindu temple economy, valued at ₹3.02 trillion, reveals a significant offline service gap that Sri Mandir aims to address through its digital platform.
Despite its primarily domestic user base, Sri Mandir attracts a higher average revenue per user from international users, highlighting a lucrative market abroad.
Collection
[
|
...
]