CosmicTaco

Spiritual Startup My Tirth India Shuts Down Due to Funding Crisis

CosmicTaco · 2024-08-26T13:38:26.104576+05:30

- My Tirth India, a spiritual tech startup, announced its shutdown on Monday due to a funding crisis. - Despite the sector's growth, the company couldn't sustain operations after the death of its principal shareholder, Subrata Roy. - The startup had raised nearly $1 million and aimed to promote cultural heritage through various services. - Over a dozen spiritual tech startups have raised more than $40 million in the past 15 months. - The Indian travel industry, with 65-70% volume from spiritual tourism, contributes 10% to the GDP. Source: [Entrackr](https://entrackr.com/2024/08/spiritual-startup-my-tirth-india-shuts-down-ops-due-to-lack-of-funds/)

My Tirth India, a spiritual tech startup, announced its shutdown on Monday due to a funding crisis.
Despite the sector's growth, the company couldn't sustain operations after the death of its principal shareholder, Subrata Roy.
The startup had raised nearly $1 million and aimed to promote cultural heritage through various services.
Over a dozen spiritual tech startups have raised more than $40 million in the past 15 months.
The Indian travel industry, with 65-70% volume from spiritual tourism, contributes 10% to the GDP.

Source: Entrackr