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Prashant Sachan
Founder of AppsForBharat and investor in startups
Prashant Sachan is the Founder and CEO of AppsForBharat, a company focused on developing applications that cater to the spiritual and devotional needs of Indian users. He launched the platform in November 2020 with a vision to create a "spiritual-tech" company that reimagines how individuals engage with their faith through technology. The first product, SriMandir, allows users to create personalized shrines and access a library of spiritual content.12
Education and Early Career
Prashant holds a Bachelor of Technology (B.Tech.) in Mechanical Engineering from Dr. A.P.J. Abdul Kalam Technical University, completed in 2012, and a Master of Design in Interaction Design from the Indian Institute of Technology, Bombay, which he finished in 2014.13
Before founding AppsForBharat, he co-founded Trell, a lifestyle content and commerce platform, where he served from June 2016 until July 2020. His previous roles include working as a Senior Product Designer at Microsoft and Samsung R&D, where he contributed to projects like Cortana and ChatOn Messenger.14
Entrepreneurial Ventures
In addition to his role at AppsForBharat, Prashant is an angel investor in various Indian startups. He has been involved in several entrepreneurial initiatives, including founding a community project called Utthaan, aimed at educating underprivileged children, and operating a customized merchandise business.134
Prashant's work is characterized by a strong commitment to leveraging technology for social impact, aiming to assist millions of Indians in their spiritual journeys.4
Highlights
𝐊𝐨𝐨 𝐚𝐩𝐩 𝐢𝐬 𝐬𝐡𝐮𝐭𝐭𝐢𝐧𝐠 𝐝𝐨𝐰𝐧, 𝐚𝐧𝐝 𝐈 𝐡𝐚𝐯𝐞 𝐚 𝐬𝐭𝐨𝐫𝐲 𝐭𝐨 𝐭𝐞𝐥𝐥
It was November 2016, when I was raising the angel round for my previous startup. We had exhausted all of our savings pooled for our startup and were a month away from shutting the shop. Our original base was Powai, and we had met many angels in the Mumbai circuit. The answers were either a 'no' or get someone to lead the round before we commit.
Some seniors from IIT B Circle recommended we go to Bangalore and meet people there. They said few of the Bangalore angels might have an appetite to fund a social platform that too in travel.
A week in Bangalore flew by, we had met many people trying to raise our first cheque. Someone suggested that we meet Aprameya as he had the appetite to take risky bets as an angel, I was told that he was also fiddling with the idea of building an India-focussed social network and he might take interest in what we were trying to do.
We got introduced to him through a college senior, he called us to ITC Gardenia to pitch the next day. 25-30 minutes into the pitch he said he would invest. We asked him if he could lead the round, and we explained to him our situation. He said he would do that for us. In my mind, I was like - he met us only half an hour back and I assumed this is how it would be in Bangalore. I was wrong - this was not how Bangalore usually was, this was how he was to us, I still don't know why!
He led the round, we raised INR 1.7 CR from 25 individuals and that is how my journey to build a venture moved ahead! Over the years, we discussed ideas, products, team building, values, devotion as a category, and a lot more. He has been a friend, a guide, and an example of how one (in the startup ecosystem) can pay it forward!
I am grateful that I am getting to build my startup, the journey wouldn't have been possible without backers like him. I am grateful to him for the first 'yes', for telling us to make ambitious attempts, and for telling us to not worry while attempting to create a category or solve a difficult product problem.
There is news of the Koo app shutting down. But, we should celebrate the ambitious and audacious attempt that Aprameya, Mayank, and the team made to create our very own answer for Twitter. Hits and misses are part of the game.
More power to Aprameya! Always rooting for him :)
The deeper I get into India’s travel story, the more curious I get.
5.9% of India’s GDP comes from tourism. That is a contribution of $206.5 billion to the Indian economy.
By 2028, this number is estimated to reach $512 billion, highlighting the colossal market opportunity in tourism in the coming years.
Now interestingly - of course, many smaller segments make up India’s tourism market, but there is one category that takes the cake by a huge margin domestically (60% of domestic tourism is attributed to this category).
Could you guess which one it is?
Vote away with your answers (and avoid Google please).
I’ll post the answer in the comments tonight. 😊
