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HomeFunding India-Based InstaAstro Secures $2.30 Million in Pre-Series A Funding

[FUNDING NEWS] India-Based InstaAstro Secures $2.30 Million in Pre-Series A Funding

Pre-Series A funding totaling $2.30 million was raised by InstaAstro, an online astrology platform provider situated in Mumbai, India.

Pre-Series A funding totaling $2.30 million was raised by InstaAstro, an online astrology platform provider situated in Mumbai, India.

Supporters included IR Capital Partners, Singularity Ventures, LogX Ventures, and Ixigo’s MD and CEO, Aloke Bajpai. The company plans to use the money to start Daily Pooja, Reiki healing services, and a new spiritual e-commerce site.

Read also – Israel-Based Agora Secures $34 Million in Series B Funding

Under the direction of CEO and Founder Nitin Verma, InstaAstro provides individualised astrological consultations, spiritual e-commerce, and therapeutic services with the goal of supplying people with the knowledge and direction they need to lead happy, meaningful lives.

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Nitin Verma, an experienced entrepreneur and alumnus of IIT, developed InstaAstro, which has grown to be a major force in internet astrology very quickly. It has over 200,000 monthly app installs, 50+ minutes of daily consultations, and a $5 million annual revenue run rate in just three years. In addition, it provides numerology, tarot readings, and horoscopes in Hindi, English, and a number of other regional languages.

In addition, InstaAstro provides numerology, tarot readings, and horoscopes in Hindi, English, and a number of other regional languages. With over 50 lakh users, the company’s platform has given its subscribers over 2 crore minutes of cumulative consultation time in FY24. On its platform, there are 1500 astrologers.

About InstaAstro

As the industry leader in online astrology, InstaAstro provides therapeutic services, e-commerce for spiritual goods, and customised astrological consultations. Giving people the knowledge and direction they need to live happy, meaningful lives is their aim.

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