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The consecration of the Ayodhya temple has led to a significant boom in startups in the spiritual tech space
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The spiritual tech sector is witnessing a surge, driven by young individuals, NRIs, and senior citizens who seek to stay connected with their cultural and spiritual roots
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The valuation of the Indian faith market is expected to reach USD 5856 billion in 2023, providing ample opportunities for startups to disrupt and thrive.
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Spiritual apps are in high demand, attracting venture capital funds and promising higher profit margins
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SriMandir, backed by Peak XV Partners and Elevation Capital, is offering virtual participation in Ayodhya celebrations through its app, allowing global participants to engage in spiritual rituals
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Utsav App provides services such as pujas, live darshans, and home delivery of holy prasad from temples across India, including Hanuman Garhi in Ayodhya
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Vama, a Delhi-based startup, offers access to virtual pujas, darshans, and astrology services, seeing the Ayodhya temple inauguration as a significant opportunity for spiritual startups
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DevDham connects devotees globally with Hindu temples, offering online daily darshan, pujas, and digital donations
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Quick-commerce platforms like BigBasket, Zepto, Blinkit, and Swiggy Instamart are creating specialized categories for items needed in religious ceremonies
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The spiritual tech boom in India reflects the evolving ways technology is connecting individuals with their faith and fostering a global sense of unity and devotion
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