Spiritual Tech Startup My Tirth India Closes Amid Funding Crisis
Monday, 26 August 2024, 03:43
Spiritual Tech Startup Closes Its Doors
My Tirth India, a spiritual tech startup, has officially shut down following a significant fund crunch. The founder, Indraneel Dasgupta, revealed that the financial struggles intensified after the death of Subrata Roy, the company’s major backer. Established in 2018, this Mumbai-based venture aimed to combine technology and spirituality.
Challenges in Securing Funding
- The startup has been unable to attract new investors.
- Loss of key leadership has contributed to instability.
- Market conditions have deteriorated for nascent companies in this sector.
The combination of these factors has culminated in an inevitable shutdown.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.