Melooha, an AI-powered astrology platform renowned for its hyper-personalized approach, has successfully secured $635,000 in angel funding, spearheaded by leading US-based venture capital firm Streak Ventures LLC. This funding round also witnessed participation from a consortium of angel investors.
Highlighting the vast potential of the astro-spiritual market, valued at a staggering $40 billion, Neeraj Sahejpal, Managing Partner at Streak Ventures, expressed confidence in Melooha’s AI-driven insights. He believes that the platform has the capacity to revolutionize the industry, rendering astrology more precise and accessible to a wider audience.
Co-founded by Vikram Labhe and Bhalchandra Patil, Melooha specializes in providing personalized guidance grounded in an individual’s unique birth particulars, including their specific date, place, and time of birth. Moreover, users have the option to seek answers to personalized queries and receive real-time guidance.
Vikram Labhe, the visionary Founder & CEO of Melooha, characterized this funding as a significant stride forward. It will empower the company to expedite its product development efforts, ensuring a more expeditious market introduction.
In the dynamic landscape of startups, other noteworthy developments this week include HotelYaari’s triumphant raise of $2.17 million in seed funding from Alios Ventures. Similarly, Numberless, Inc., the parent company of the messaging application Port, secured an undisclosed sum in a seed funding round with backing from notable supporters such as Reddit, Udemy, Loco, and Catamaran, a venture previously associated with DailyHunt.