Vama discloses INR190.3m preference-share allotment
Dainik Bhaskar’s family office leads a tranche in the ongoing Pre-Series A financing.
Vama has raised INR190.3 million through a preference-share allotment, Entrackr reported on 28 October. The financing forms part of an ongoing Pre-Series A round.
Writers and Publishers Private Limited, the Dainik Bhaskar family office, contributed INR125 million. Wavemaker Partners, Silverneedle Ventures and individual investors supplied the remainder.
The disclosed allotment covers this tranche. Further fundraising remains open. Vama earns revenue from temple services, astrology consultations and spiritual products.