Utsav App Secures ₹36 Crore in Series A Funding
Utsav App, a Kolkata-based platform catering to spiritual and devotional services, has successfully raised ₹36 crore through a Series A funding round. This financial milestone was led by Atomic Capital, with additional support from prior investors IndiaQuotient and Equanimity Investments.
Legal Advisors Play Key Roles
In this significant fundraising endeavor, Xander Law Associates provided legal counsel to Utsav App. Meanwhile, NovoJuris Legal offered its expertise to IndiaQuotient, one of the existing investors in Utsav. The NovoJuris team, comprising Senior Associate Vishnu Sudarshan and Associate Manish Krishnagiri, was instrumental in the transaction, with Managing Partner Sharda Balaji offering strategic insights.
About Utsav App
Founded in 2021 by Sourajit Basu, Ankita De, and Prajata Samanta, Utsav App has positioned itself as a pivotal platform for devotees seeking easy access to religious services. The app facilitates various services such as puja bookings, consultations with pujaris, delivery of prasad, and personalized rituals, thereby connecting devotees with temples and priests.
Strategic Use of New Capital
The newly acquired funds are earmarked for enhancing Utsav’s operations and services. Specifically, the company plans to broaden its network of temple partners, bolster its technological and fulfillment capabilities, enhance personalisation and service discovery features, and expand its team to better serve its growing user base.
