Funding

Venture Catalysts facilitates a seed investment of $500k into Kalpnik Technology

Venture Catalysts facilitates a seed investment of $500k into Kalpnik Technology. The investment was led by prominent Investors such as Ashwani Kakkar (Mercury Travels & Via.com), Mr G G Gulati (Chairman, United Group of Institutions) Bobby Reddy ( Indus Homes) Dr. Tinku Acharya (Co-architect-Webcam & MD-Videonetics) Raja Sahi ( SVP, Pixelogic Media) Anand Ladsariya (Owner, Everest Flavours), Nitin Agarwal (Owner, N M Fashions & Devesh Agriexim P Ltd) Anuj Puri, Nitesh Prakash (Senior Director, Ola), Vikash Agarwal & Manish Agarwal (Nandan Group), Dipak Agarwal (Onex Solutions), Rohit Parakh, Omi Singhania and investments from professionals from leading companies like CISCO, 24/7 etc.

Venture Catalysts facilitates a seed investment of $500k into Kalpnik Technology

As the part of the investment, Mr Vansh Gulati from UGI and Anuj Puri from Venture Catalysts will be joining the board of Kalpnik Technology.

Founded by John Kuruvilla and Ashwani Garg, the Bangluru-based start-up leverages VR and AR technology to deliver immersive and interactive religious and spiritual experiences. Kalpnik’s application is already being touted as a significant development which will disrupt the country’s budding online religious activities, tourism and events space.

Ashwani Garg, CEO Kalpnik, said, “The investment and support from a market-leading incubator like VCats will help us in growing our business and taking our unique value proposition to a much larger number of religious establishments and devotees worldwide.”

Kalpnik supports industry-leading VR headsets and smartphones and working closely with several manufacturers. The Company has been in stealth mode for a year and it is close to releasing its application for Android and iOS platforms. Reliable sources in the market mentioned that the company has produced immersive content for several large and small temples, religious organisations, and spiritual leaders.

Further, Kalpnik will be using the raised investment to develop content for hundreds of temples and gurus and onboard the same on its platform, thus making gurus and temples more accessible to their growing number of tech-savvy followers, both in India and overseas.

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