CosmicTaco
CosmicTaco
5mo

VAMA Secures INR 22 Cr for Spiritual Expansion

  • VAMA has raised INR 22 Cr in a pre-Series A round to venture into offline spiritual travel and e-commerce.
  • Existing investor Wavemaker Partners led the round, with participation from 500 Global, Sadev Ventures, and others.
  • VAMA aims to expand its user base to 1 million within 24 months from the current 150K.
  • The startup plans to target the global NRI market and enhance its product and service offerings.
  • VAMA claims strong financial health with doubled revenue and positive contribution margins over 10%.

Source: Inc42

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