Online astrology platform InstaAstro raises $2.3 million in funding led by Artha Venture Fund
economictimes.indiatimes.comastrology platform InstaAstro has raised $2.3 million (Rs 18.50 crore) in a funding round led by Artha Venture Fund.
The round also saw participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund and Aloke Bajpai, managing director and chief executive of Ixigo.
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Offering CollegeCourseWebsiteIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitThe funds will be used to enhance the platform, onboard more astrologers, expand footprint and build a stronger brand presence. The Noida-based company is also launching new spiritual ecommerce, daily pooja, and Reiki healing services.
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“We aim for global expansion while placing a special focus on deepening our presence in the southern states, broadening our reach and impact in these key regions,” said founder and chief executive Nitin Verma.
Founded in 2021 by Verma, InstaAstro offers horoscopes, tarot readings, and numerology in various regional languages. It has more than 200,000 monthly app installations, with users spending over 50,000 minutes per day in consultations. The company is recording an annualised revenue run rate (ARR) of $5 million, the company said in a statement.
According to the firm it has a user base exceeding 5 million and has delivered over 20 million minutes of consultations to its subscribers in the fiscal year
