Sourajit BasuAnkita DePrajata SamantaVama.appDevDhamAtomic CapitalAstrotalkIndia QuotientEquanimity InvestmentsAstroyogiUtsavAppsForBharatEquanimity

Utsav raises Rs 36 crore in Series A led by Atomic Capital; existing investors India Quotient and Equanimity participate

Utsav, a Kolkata-based spiritual platform, has raised ₹36 crore in a Series A funding round led by Atomic Capital, with participation from existing investors India Quotient and Equanimity. The funding will help expand its temple network and enhance technology and fulfilment operations, bringing total capital raised to ₹42 crore.

ascendants.in ascendants.in+1 source25 August 2026 · 21:52 UTC
CuriousCats Full Story

Utsav, a Kolkata-based spiritual platform, has successfully raised ₹36 crore in a Series A funding round led by Atomic Capital, with existing investors India Quotient and Equanimity also participating. This funding boosts Utsav's total capital raised to ₹42 crore.1245

The startup, founded by Sourajit Basu, Ankita De, and Prajata Samanta, aims to enhance its temple network and improve technology and fulfilment operations. Utsav's revenue has reportedly grown eightfold since its previous funding round in 2025, fulfilling around 2.5 lakh orders monthly.

Utsav plans to deploy the new capital over the next 12 to 24 months to invest in personalisation, discovery, logistics, and broaden its range of devotional services. The platform offers services such as puja bookings, pujari consultations, e-prasad, and personalised rituals.

Co-founder and CEO Sourajit Basu emphasized the company's mission to make devotional experiences accessible while maintaining authenticity. Utsav also seeks to expand its services for the Indian diaspora, allowing overseas devotees to arrange rituals in India and receive consecrated offerings. The startup operates in a competitive digital spiritual services market, facing rivals like Vama.app and Astrotalk.

Key Insight
“The fresh funding brings Utsav's total capital to Rs 42 crore, following a Rs 6.35 crore pre-Series A round in January 2025. The startup reports eightfold revenue growth since that round and currently fulfils around 2.5 lakh orders monthly.”
CuriousCats studied:
1
ascendants.inascendants.in
“Kolkata-based spiritual and devotion platform has raised Rs 36 crore in a Series A funding round led by Atomic Capital.”
ascendants.in →
2
Indian Startup NewsIndian Startup News
“Kolkata-based and devotional services platform Utsav has raised Rs 36 crore in a Series A funding round led by Atomic Capital.”
Indian Startup News →
Ask CuriousCats
What is Utsav's primary business focus?
Who are the key investors in Utsav's Series A round?
How has Utsav's revenue growth been since January 2025?
Are other startups in India raising similar amounts?
How does Utsav compare to competitors in spiritual services?
CuriousCats
RELATED COVERAGE:
Startup roundup: Alberta weighs Meta's $13B data centre strain; MATTER raises $25M, Utsav $36M, and Healthify merges with Berry Street
Taproot Edmonton🇮🇳25 August 2026 · 14:03 UTC
Startup roundup: Alberta weighs Meta's $13B data centre strain; MATTER raises $25M, Utsav $36M, and Healthify merges with Berry Street

Alberta's tech minister cited 300 jobs from Meta's project, but communities worry about water and power; if all proposed hyperscale centres are built, Alberta's share of Canada's capacity could jump from 3% to 93%. Meanwhile, Edmonton's games summit drew 34,000 attendees, up from 15,000 in 2024.

Staywell.Health lands investment led by Equanimity Investments to build AI-native health insurance distribution platform; funds to scale ClaimsKavach
🇮🇳25 August 2026 · 10:23 UTC
Staywell.Health lands investment led by Equanimity Investments to build AI-native health insurance distribution platform; funds to scale ClaimsKavach

The investment will accelerate Staywell.Health's AI platform, expand its distribution footprint, and scale ClaimsKavach, its claims-first proposition. Rajesh Sehgal of Equanimity Investments noted that health insurance in India has a distribution problem, not a demand problem, and that the firm backs founders who choose a claims-first path over a sales-first one.

🇮🇳25 August 2026 · 18:43 UTC
Anthropic targets $2 trillion IPO valuation, claims $30 trillion AI market—12x the entire tech sector's combined revenue

The $30 trillion figure is more than 12 times the $2.4 trillion revenue generated by 191 tech companies in the S&P 1500 last year. Anthropic's annualized revenue run rate topped $65 billion by end of July, and it projects 2028 revenue of $190-200 billion.

Airbound raises $37M, plans 10,000 daily drone flights in Andhra Pradesh; funds to boost engineering and commercial manufacturing
ascendants.in🇮🇳25 August 2026 · 21:52 UTC
Airbound raises $37M, plans 10,000 daily drone flights in Andhra Pradesh; funds to boost engineering and commercial manufacturing

Airbound has already completed over 1,000 autonomous flights, including moving diagnostic samples between healthcare facilities, cutting delivery times from hours to minutes. Founder and CEO Naman Pushp says the arrangement involves no government procurement contract or subsidy, with the state government working on the regulatory framework.

Climate-tech startup CarbonStrong raises Rs 12.5 crore from IAN Angel Fund, Zerodha's Rainmatter; aims for 100,000-tonne annual capacity in 2 years
Indian Startup News🇮🇳25 August 2026 · 11:05 UTC
Climate-tech startup CarbonStrong raises Rs 12.5 crore from IAN Angel Fund, Zerodha's Rainmatter; aims for 100,000-tonne annual capacity in 2 years

The startup's binder processes industrial wastes from coal and steel into cementitious materials, cutting cost and carbon footprint without changing plants or process. Co-founder and CEO Harsh Jain says the investment helps scale now-proven technology as India builds its future over the next 25-30 years.

D2C skincare brand Asaya secures Rs 88 crore funding at Rs 400 crore valuation; round includes primary and secondary investments
🇮🇳25 August 2026 · 10:28 UTC
D2C skincare brand Asaya secures Rs 88 crore funding at Rs 400 crore valuation; round includes primary and secondary investments

The round included a mix of primary and secondary investments, allowing some early angel investors to exit. Asaya, founded in 2021, will use the capital for R&D, product innovation, distribution expansion, and talent acquisition, and previously raised Rs 28 crore in a pre-Series A round.

Gradiant targets $1B revenue in 2-3 years, betting on AI data center growth; India accounts for 10% of revenue
Rediff MoneyWiz🇮🇳25 August 2026 · 18:09 UTC
Gradiant targets $1B revenue in 2-3 years, betting on AI data center growth; India accounts for 10% of revenue

Gradiant's COO Govind Alagappan says the company is keeping IPO options open, having closed a Series E at a $2B valuation in May 2026. Middle East revenue has dropped 20% due to geopolitical tensions, while India remains a strong market.

Ex-Lunar founders raise €8.2M for AI audit startup Repodo, targeting Europe's $74B market and taking on the Big Four
Tech Funding News🇮🇳25 August 2026 · 10:45 UTC
Ex-Lunar founders raise €8.2M for AI audit startup Repodo, targeting Europe's $74B market and taking on the Big Four

The round, led by Hedosophia and Seed Capital, exceeds the typical €500K–€3M European pre-seed range. Repodo will start in Denmark, automating data collection and reconciliation while licensed auditors retain final approval, aiming to build a European audit firm for the AI era.

Nvidia's financial engineering as AI banker puts it on dangerous ground; backstops for $230B in leases and residual-value deals
WSJ🇮🇳25 August 2026 · 12:27 UTC
Nvidia's financial engineering as AI banker puts it on dangerous ground; backstops for $230B in leases and residual-value deals

Nvidia's $72.5 billion in equity stakes and $80 billion cash cushion provide a buffer, but a downturn could stress its balance sheet. The company's role as customer of last resort for Australian cloud firms signals a new business model that may expand, raising concerns about internal controls.

Airbound raises $37M led by Greenoaks to scale autonomous drone delivery in India; startup aims to rival trucking with rocket-like drones
TechCrunch🇮🇳25 August 2026 · 07:57 UTC
Airbound raises $37M led by Greenoaks to scale autonomous drone delivery in India; startup aims to rival trucking with rocket-like drones

The Series A round, which includes DoorDash and Lightspeed, brings Airbound's total funding to nearly $50 million since its 2023 launch. The startup has completed over 13,000 autonomous flights, including more than 1,000 with Narayana Health, and plans to build a network connecting three cities in Andhra Pradesh with a target of 10,000 flights daily.

Get your CIA-level briefing,
in real time.
CuriousCats monitors the internet every minute for you and brings you the most personalized brief of videos, social media posts, news and more.
Download the App
If you liked this, you’ll love your CuriousCats brief.
News, videos, opinions and more — without the noise.
Get CuriousCats