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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Devotional apps saw a spike in investor interest last year thanks to two years of the pandemic. Now, they need to prove themselves.
Editor's note: Imagine you are inside a temple. Idols of several gods and goddesses are kept in small enclosed spaces, decorated with large garlands, the marigolds blooming in yellow and orange. You reach out to ring the bells while devotional chants echo in the background. You then light the lamp, offer some money and join your hands in prayer. Imagine, instead, that you’re at home, with your smartphone. The icon is a yellow square, with a red-and-orange temple spire in the foreground and a bit of Hindi text below it. You tap it, the app launches and then a Hindu deity greets you with prayer. You click on a plate with offerings and drag, flowers shower down on the idol. Swipe to repeat with the next god in line, new prayers and chants. This is the Sri Mandir app by AppsForBharat, a Bengaluru-based company that is among a handful of faith tech startups—everything from astrology to prayer chants—that raised funding last year. In total, 18 such companies launched in 2021, according to an October Economic Times report. The uncertainty brought about by …
Devotional apps saw a spike in investor interest last year thanks to two years of the pandemic. Now, they need to prove themselves.
Editor's note: Imagine you are inside a temple. Idols of several gods and goddesses are kept in small enclosed spaces, decorated with large garlands, the marigolds blooming in yellow and orange. You reach out to ring the bells while devotional chants echo in the background. You then light the lamp, offer some money and join your hands in prayer. Imagine, instead, that you’re at home, with your smartphone. The icon is a yellow square, with a red-and-orange temple spire in the foreground and a bit of Hindi text below it. You tap it, the app launches and then a Hindu deity greets you with prayer. You click on a plate with offerings and drag, flowers shower down on the idol. Swipe to repeat with the next god in line, new prayers and chants. This is the Sri Mandir app by AppsForBharat, a Bengaluru-based company that is among a handful of faith tech startups—everything from astrology to prayer chants—that raised funding last year. In total, 18 such companies launched in 2021, according to an October Economic Times report. The uncertainty brought about by …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
