AI-powered astrology startup Melooha gets angel funding led by US-based Streak Ventures
Founded by Vikram Labhe and Bhalchandra Patil, Melooha provides personalised guidance based on an individual's unique birth details, including their specific date, place, and time of birth.
Melooha, a hyper-personalised AI-powered astrology platform, has received $6,35,000 in angel funding led by US-based venture capital firm Streak Ventures LLC, the company said. A group of angel investors also participated in the round.
"The Astro-spiritual market is worth $40 billion, and Melooha’s AI and data-driven insights have the potential to revolutionise the industry, making astrology more accurate and accessible to a broader audience," said Neeraj Sahejpal, managing partner at Streak Ventures.
Founded by Vikram Labhe and Bhalchandra Patil, Melooha provides personalised guidance based on an individual's unique birth details, including their specific date, place, and time of birth. Users can also ask their personalised questions, and get guidance in real time.
"This funding is a significant step forward that will enable us to accelerate our product development and get the product out in the market sooner," said Vikram Labhe, Founder & CEO, Melooha.
In the startup space this week, other companies that have raised early-stage funding include HotelYaari which has raised $2.17 million in seed round from Alios Ventures. Another startup Numberless, Inc., which operates the messaging application Port, has raised an undisclosed amount in a seed funding round from Reddit, Udemy, Loco, and DailyHunt-backer Catamaran.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
Top 7 Stocks to Track: This defence PSU multibagger can give 45% return; food delivery app stock likely to rise 19%
Mutual Fund SIP: Invest Rs 1000 per month to grow your corpus to over Rs 3.5 core at retirement, know calculations
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
08:24 PM IST