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Bengaluru-based astrology SaaS startup Melooha has raised $635K in an angel funding round led by US-based Streak Ventures LLC and a group of angel investors.
The funds will be used to ramp up its product development and get the product out in the market sooner, Melooha said in a press release.
Founded by Vikram Labhe and Bhalchandra Patil, Melooha provides personalised guidance based on an individual’s birth details, including their specific date, place, and time of birth. The platform also allows users to ask their personalised questions, and get guidance in real time.
Melooha claims to be built on the bedrock of precise mathematical algorithms, incorporating accurate planetary data, including insights from NASA.
An Entrackr’s report recently highlighted that more early-stage startups in the devotional and astro space are looking to raise their growth round this festive season. Astro startups AstroTalk, InstaAstro, and Bodhi and devotional startups DevDarshan and Vama are in the process of raising their new rounds.
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