Religion-Tech is a 60000 Crore Market | The India Opportunity | Manu Jain, Vama ft Shrishti Sahu

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.

Timestamp:

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

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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.