That One Idea by WaterBridge Ventures
Prashant was born in an agrarian family in a village near Kanpur. His tryst with entrepreneurship started at the age of 18, when he started a customised T-shirts business. Prashant started AppsForBharat / Sri Mandir App in 2020, following his deep insight that Indians are culturally bound together by their faith. Yet, nothing existed in India's $60B FaithTech/Digital Devotion market that could bring them closer to their deities daily. Today, AppsFor Bharat has 40M+ downloads, and has raised $36M+ from marquee VCs to continue penetrating this consumer category. Key moments in the episode: (00:00): Highlights (01:09): The meaning of "Faith", and its importance in our lives (05:50): Sifting through experiments to discover Sri Mandir's value proposition (10:04): Hitting PMF with profound user love (12:25): Why choose an unproven market as a second time founder? (14:59): Nudges that improve engagement - Punyamudras (19:50): Scripting monetisation: the users will tell you what they want to pay for (27:45): Bridging the trust gap between Indians and their devotion (32:50): Understanding how temples make money (36:30): Being online helps temples be top of mind (39:36): 8X more people go to Varanasi than Goa (43:16): Attracting investors in an unproven category Relevant Links: WaterBridge Ventures: https://www.waterbridge.vc/ AppsForBharat: https://www.appsforbharat.com/en LinkedIn Profiles: Prashant Sachan: https://www.linkedin.com/in/prashantsachan/ Anjali Sosale: https://www.linkedin.com/in/pinkamma/ WaterBridge Ventures: www.linkedin.com/company/waterbridgeventures You can also listen to this podcast on YouTube: https://youtu.be/CpYTCI7nLsc Disclaimer: The information in this podcast (“Content”) is solely for educational and information purposes. The content does not reflect the views or opinions of WaterBridge Ventures and/or any of its members. The content is not intended to be legal or other expert advice or services and should not be used in place of consultation with appropriate professionals. The content shall not be reproduced, distributed, shared, or relied upon in any manner whatsoever, in whole or part, without prior written permission of WaterBridge Ventures. In no event shall WaterBridge Ventures and/or any of its members be liable for any liability, loss, injury or risk which is incurred or suffered as a direct or indirect result of the use of the contents.
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