HomeNewsInstaAstro raises Rs 3.2 crore in a seed round from Artha Venture Fund & LogX Ventures

InstaAstro raises Rs 3.2 crore in a seed round from Artha Venture Fund & LogX Ventures

Reader's Pick

Noida based wellness and spiritual service platform, InstaAstrohas raised Rs 3.2 crores in series seed round funding led by Artha Venture Fund in partnership with Ramakant Sharma’s LogX Ventures.

“The startup will utilize the funds for product development, marketing and add a gamut of services like Live Astrologer session, Remedies, E-Pooja and E-commerce, etc., to its platform – helping them carve a niche in the holistic wellness segment,” the statement said.

InstaAstro offers online predictions and consultancy; and caters to the real-life issues faced by millennials – including career, marriage & relationships, health, finances, and personal growth, amongst other aspects. Through the said services, the start-up aims to offer people peace of mind and assist them during their phase of stress.

This is Artha Venture Fund (AVF) 12th investment from its recently closed ₹225 crores micro-VC fund.

- Advertisement -

Speaking on the fundraise, Nitin Verma, Founder & CEO of InstaAstro, said, “After the lockdown, there was a clear ask for professional astrology wellness services that would help consumers deal with the ‘need to solve problems, that promotes mindfulness – an integral part of the mental continuum. Although astrology and other spiritual practices are an integral part of the millennial culture, the fragmented nature with the lack of a standardized process was making it challenging for the consumers to get reliable service that ensured confidentiality.” 

Commenting on the investment in InstaAstro, Anirudh A Damani, Managing Partner of Artha Venture Fund, said, “In a time where consumers are seeking out local spiritual support to resolve their pain points, it was difficult to find a professional solution in an already fragmented market – due to concerns such as authenticity, result-oriented approach, and privacy.

“We were impressed by the team at InstaAstro and how they have leveraged new-age technology to help consumers resolve their real-life problems in a structured manner. Moreover, with their growing roster, the platform could cater to high volumes of queries across the country/globe and use technology to create personalized, engaging experiences and measure outcomes,” he added.

Subscribe to our Newsletters

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...
00:03:03

Silicon Valley Bank Closure Highlights Why Startups Need To Diversify Their Liquidity: Karan Desai of Interface Ventures

Karan Desai, Founder of Interface Ventures said, "The collapse of Silicon Valle...

Interview: Muthoot Finance Dy MD Alexander George says, “Monthly customer transactions double to 8.25 lakh”

In an interview with TechGraph, Alexander George Muthoot - Deputy Managing Dire...
00:01:02

Protesters sing Bella Ciao song during Italian PM Giorgia Meloni’s speech

Some protesters greeted Italian Prime Minister Giorgia Meloni with the anti-fas...