A spiritual technology startup,
My Tirth India
has announced its closure due to a lack of funding. The company, which aimed to provide a digital platform for spiritual seekers, was unable to secure the necessary financial resources to continue its operations.
Founded in 2018, My Tirth India had developed a mobile app and website that offered a variety of spiritual services, including virtual pilgrimages, meditation sessions, and access to religious texts.
However, the company struggled to attract investors and generate sufficient revenue to sustain its operations.
What the CEO said
According to founder and CEO Indraneel Dasgupta, the company has faced a funding shortage since the passing of its principal shareholder and mentor, Subrata Roy , the founder of Sahara India Pariwar.
âWe have tried to generate as much employment as possible across cities, villages and towns encouraging people to rediscover their culture, traditions and heritage. But it's with utter sadness that we finally have to shut down the office due to the lack of funds after the unfortunate demise of our principal shareholder and mentor,â Dasgupta said in a statement.
"As things stand now, we are unable to proceed any further, running with a skeletal staff who are working without pay, having no office, and working out of our homes. We now have no choice but to stop operations as we have no funds to continue," Dasgupta added.
As the company winds down its operations, My Tirth India is working to ensure a smooth transition for its users and partners. The startup is also exploring potential avenues for selling its assets or intellectual property.
Founded in 2018, My Tirth India had developed a mobile app and website that offered a variety of spiritual services, including virtual pilgrimages, meditation sessions, and access to religious texts.
What the CEO said
According to founder and CEO Indraneel Dasgupta, the company has faced a funding shortage since the passing of its principal shareholder and mentor, Subrata Roy , the founder of Sahara India Pariwar.
"As things stand now, we are unable to proceed any further, running with a skeletal staff who are working without pay, having no office, and working out of our homes. We now have no choice but to stop operations as we have no funds to continue," Dasgupta added.
As the company winds down its operations, My Tirth India is working to ensure a smooth transition for its users and partners. The startup is also exploring potential avenues for selling its assets or intellectual property.
