🙏🏼 Religion-Tech is a 60,000 Crore Market in India | Ep13: The India Opportunity Podcast ft Manu Jain, Vama 🙏🏼
Vama aims to become a $200 million ARR company and plans to go public in the next three to five years.
Hello everyone, welcome to The India Opportunity Podcast where you get a front-row seat to people building India’s future. We talk about unlocking the potential of the country with founders, investors, creators, and successful leaders from different fields to bring you real-life stories and behind-the-scenes of what it takes to be at the forefront of building the India Story.
The 13th episode of The India Opportunity Podcast is out now! You can watch it on Youtube or tune in on Spotify or Apple Podcasts.
Our guest today is Manu Jain, the co-founder of VAMA, a leading spirituality-tech startup. Vama is building in one of the largest and most lucrative markets as religion and spirituality are a 60,000 Crore market in India. Vama offers virtual astrology and virtual puja services. Vama aims to become a $200 million ARR company and plans to go public in the next three to five years. Manu has previously built a bootstrapped business called Carbun8 which he scaled to a multi-million dollar run rate and has worked at companies like Paytm, Bureau, Mydala and Sheroes. I’m really excited to deep dive with Manu into the Faith-tech industry and learn more about his experience of building in this space and his plans for Vama in the future.
Takeaways
Manu Jain's journey in the faith tech industry and his plans for Vama
The importance of persistence and handpicking the right investors
Insights into the spirituality and religion market in India
The impact of COVID-19 on the business and the focus on monetization
The significance of financials and revenue in building a successful business Vama started with a focus on monetization and has expanded to include content and community.
Engagement drives monetization in consumer businesses.
Vama aims to become a $200 million ARR company and plans to go public in the next three to five years.
Networking and surrounding yourself with the right people is crucial for success.
Hustle and hard work can lead to significant achievements.
Manu Jain regrets not starting his entrepreneurial journey earlier.
He is proud of buying back his family's rooftop after they had to sell it during a financial crisis.
Chapters
00:00 Journey in the Faith Tech Industry and Plans for Vama
14:33 Insights into the Spirituality and Religion Market in India
36:33 Building a $200 Million ARR Company
49:42 The Power of Networking
56:35 Regrets and Achievements
Follow Manu here: LinkedIn
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Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered financial advice. Viewers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.