Private Equity PE-VC Fund Investments
Mobile app for religious rituals Utsav raises $3.8 M led by Atomic Capital
Source Utsav (opens in a new tab)Entrackr (opens in a new tab)Inc42 (opens in a new tab)
Kolkata-based Utsav has raised USD 3.8 million (INR 36 crore) in a Series A funding round led by Atomic Capital. Existing investors India Quotient and Equanimity Investments also participated in the transaction.Founded in 2021 by Sourajit Basu, Ankita De and Prajata Samanta, Utsav is a spiritual and religious rituals platform. It collaborates with temple priests, scholars and acharyas to provide services such as puja bookings, pujari consultations, e-prasad and personalised rituals.The company plans to use the new funds to expand its temple network, strengthen technology and fulfilment capabilities, and scale its team.
Company website ↗ (opens in a new tab)
Between Mar 2023 and Jan 2025, Utsav App had attracted about USD 0.95 M from Equanimity Investments, India Quotient and others.For FY25, Utsav App had reported about INR 2 Cr in Operating Income and about INR 3 Cr in Net Loss.