Key Takeaways
- • Spiritual tech startup Vama raised Rs 19.03 crore (approximately $2.1 million) in an ongoing Pre-Series A round led by Writers and Publishers Private Limited, the family office of Dainik Bhaskar, according to Entrackr.
- • Dainik Bhaskar's family office invested Rs 12.50 crore of the round, holding an estimated 6.98% stake in Vama following the allotment.
- • Entrackr estimates the round values Vama at around Rs 180 crore, a 20% increase over the Rs 150 crore valuation from its previous Pre-Series A round.
- • Other participants include Wavemaker Partners, Silver Needle Ventures, Harit Nagpal (MD and CEO of Tata Play), Swati Parikh, Vinay Mittal and Nikhil Bhandarkar.
- • Temple services generate about 70% of Vama's revenue, with astrology consultations and Vama Mall making up the remainder.
Summary
Vama, a Delhi-based spiritual tech startup founded in 2020 by Acharya Dev and Manu Jain, has raised Rs 19.03 crore (approximately $2.1 million) in an ongoing Pre-Series A funding round, according to regulatory filings accessed by Entrackr. The round is led by Writers and Publishers Private Limited, the family office of Dainik Bhaskar, which invested Rs 12.50 crore. The remaining Rs 6.53 crore came from Wavemaker Partners, Silver Needle Ventures, Harit Nagpal, MD and CEO of Tata Play, Swati Parikh, Vinay Mittal and Nikhil Bhandarkar.
According to the filings, Vama allotted 3,452 compulsorily convertible preference shares (CCPS) at an issue price of Rs 55,134.39 per share. Entrackr estimates the funding values the company at around Rs 180 crore, a 20% increase from the Rs 150 crore valuation of its previous Pre-Series A round. The round is still open, and the company is likely to raise additional capital in subsequent tranches. Following the allotment, Dainik Bhaskar's family office holds roughly 6.98% of Vama, while co-founders Manu Jain and Acharya Dev, also known as Sandeep Chandra Tiwari, hold 14.44% and 14.43%, respectively.
Vama provides devotees with access to temple services, astrology consultations and spiritual products through its platform. Temple services account for around 70% of revenue. The company had previously raised Rs 22 crore (approximately $2.47 million) in a Pre-Series A round led by Wavemaker Partners in September 2025, with participation from 500 Global, Sadev Ventures and other investors.
Entrackr notes that the investment may be among the first recorded startup investments by the Dainik Bhaskar family office. The publication also highlights the media group's presence across Hindi-speaking markets as a potential asset for Vama, which could help the company expand its reach and strengthen its access to temples and other service providers.
According to the filings, Vama allotted 3,452 compulsorily convertible preference shares (CCPS) at an issue price of Rs 55,134.39 per share. Entrackr estimates the funding values the company at around Rs 180 crore, a 20% increase from the Rs 150 crore valuation of its previous Pre-Series A round. The round is still open, and the company is likely to raise additional capital in subsequent tranches. Following the allotment, Dainik Bhaskar's family office holds roughly 6.98% of Vama, while co-founders Manu Jain and Acharya Dev, also known as Sandeep Chandra Tiwari, hold 14.44% and 14.43%, respectively.
Vama provides devotees with access to temple services, astrology consultations and spiritual products through its platform. Temple services account for around 70% of revenue. The company had previously raised Rs 22 crore (approximately $2.47 million) in a Pre-Series A round led by Wavemaker Partners in September 2025, with participation from 500 Global, Sadev Ventures and other investors.
Entrackr notes that the investment may be among the first recorded startup investments by the Dainik Bhaskar family office. The publication also highlights the media group's presence across Hindi-speaking markets as a potential asset for Vama, which could help the company expand its reach and strengthen its access to temples and other service providers.
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