AppsForBharat raises $4M Seed Round co-led by Sequoia Capital India & BEENEXT

2024-04-21 04:30:09 Business

673

Bengaluru, India, August 24th 2021: AppsForBharat, a product studio focused on building apps for spiritual and devotional needs of Indian users, has raised $4 million in Seed funding co-led by Sequoia Capital India and BEENEXT. The round also saw participation from WEH Ventures. The funds will primarily be used for product development and hiring tech talent.

Founded in November 2020 by Prashant Sachan, AppsForBharat was set up with a vision to build a spiritual-tech company that specifically caters to the needs of Indians. The start-up is currently developing a range of mobile apps that offer superior user experience and cater to the country's many underserved and often overlooked spiritual as well as devotional needs. Its wide range of products will include high quality spiritual, devotional, wellbeing, and meditation-related tools, communities, and services. AppsforBharat aims to become a digital spiritual sanctuary for those looking to enhance their spiritual and devotional journey through the ease of their smartphones. Their apps are attempting to move offline behaviour to online and thereby create a digital habit.

Hero Choudhary, Managing Partner, BEENEXT said, "We are very excited to partner with Prashant and AppsForBharat in this amazing journey. Spirituality is an integral part of every Indian?s daily life and AppsForBharat is bringing it to the digital era through various daily use case apps. We look forward to a long-lasting partnership."

Commenting on the funding, Prashant Sachan, Founder & CEO, AppsForBharat, said, "Spiritual and devotional practices are an inseparable part of the daily lives of millions of people in India - during good or bad times, it not only offers them hope but also elevates their mental wellness and spirit. We are putting together a great team that is customer obsessed and building it the right way - focussing on user delight and their retention. Our aim is to build products that users love, one that becomes a daily habit for a billion Indians, products that offer happiness and peace.?

AppsForBharat has a multidisciplinary team with prior experience in building and scaling products across domains such as content, gaming, social and e-commerce. The company is looking to hire Product, Data and Engineering talent who want to be a part of this larger digital spiritual transformation and aspire to impact billions of lives.

About BEENEXT

BEENEXT is a Venture Capital fund managed by serial entrepreneurs that focuses on assisting founders with their operational experience, network, trust, unique perspectives, and capital. The team invests in early-stage tech start-ups that are focused on building the new digital platforms driven by the data network. BEENEXT aims to establish a platform of founders, by the founders and for the founders across the globe, primarily in South East Asia, India and Japan. Since its establishment in 2015, the team has invested in over 200 companies globally.

About Sequoia Capital India

Sequoia helps daring founders build legendary companies, from idea to IPO and beyond. Sequoia India operates in Southeast Asia and India where we actively partner with founders from a wide range of companies, across categories, including BYJUs, Carousell, Druva, Gojek, OYO Rooms, Tokopedia, Truecaller, Zilingo, Zomato and more.

We spur founders to push the boundaries of what?s possible. In partnering with Sequoia, startups benefit from 49 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on.

About AppsForBharat

AppsForBharat is a product studio focused on building apps for the spiritual and devotional needs of Indian users. Founded in November 2020 by Prashant Sachan, a second-time entrepreneur who previously founded & scaled Trell. AppsForBharat is working to aid Indians in their spiritual & devotional journeys, and guide them on the path towards feeling happy, peaceful, and content.