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ServDharm scales GMV ~5x from ₹21 cr to ₹100+ cr across FY24-FY26 in puja essentials
Our read
ServDharm's 95% fulfilment and 45-65% gross margins across 1000+ suppliers prove that ritual commerce can be operationalized at scale without sacrificing unit economics.
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The report,
Delhi-based devotional commerce platform ServDharm scaled GMV nearly fivefold from Rs 21 cr (FY24) to over Rs 100 cr (FY26), serving 1.5M+ customers across Indian Tier I-III and global markets via organised puja essentials supply chain.
Reported figures
From the report. Source details below
- gross margins 45-65% FY26
Other figures
- 1000+ suppliers
- return rates 3-7%
- fulfilment 95%
Why it matters to operators
ServDharm is consolidating India's fragmented puja-essentials supply chain into a branded platform, making it a strategic tuck-in for religious tourism, FMCG-spiritual, or D2C aggregators eyeing the faith vertical.
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