Bangalore: AI-backed astrology SaaS startup Melooha has secured a $635,000 angel fund led by US-based Streak Ventures LLC and a group of angel investors.
The investors are optimistic about Melooha’s mission and the potential of bringing astrology into the digital age.
Melooha, an AI-powered, hyper-personalised astrology platform services the fundamental human need to seek guidance. It 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.
Melooha platform is built on mathematical algorithms, incorporating the most accurate planetary data, including insights from NASA and backed by advanced technology like AI and ML.
“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,” added Neeraj Sahejpal, Managing Partner – Streak Ventures LLC
Melooha is the dream project of second-time entrepreneur Vikram Labhe. Astrology-based guidance has been a guiding force throughout Vikram’s life, providing valuable insights to navigate life’s challenges and successes. It was this profound influence that inspired the creation of Melooha.
“We are excited to have the support of our investors, who share our vision of making astrology a valuable tool for personal growth and self-discovery. 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 and CEO of Melooha.
“We are on a mission to make astrology more accessible and relevant to today’s tech-savvy audience. Our team has worked tirelessly to build an AI-driven platform that is not only cutting-edge but also deeply intuitive. We are excited about the possibilities this funding opens up for further innovation and expansion,” said Bhalchandra Patil, Co-founder and CTO of Melooha.
“We are confident that Melooha will redefine the astro-spiritual market with its never-before accuracy and authenticity. I would like to convey my deep gratitude to our investors for believing in and supporting our efforts with the necessary monetary aid,” said Dr. Vineeta Phatak, Chief Astrologer, Melooha.