Astrology SaaS Startup Melooha Secures $635K in Angel Funding Round
- ByStartupStory | September 14, 2023
Bengaluru-based astrology Software as a Service (SaaS) startup, Melooha, has successfully raised $635,000 in an angel funding round. The funding was led by US-based Streak Ventures LLC, along with a consortium of angel investors.
Melooha announced that the proceeds from this funding round will be channeled into accelerating its product development efforts, expediting the product’s entry into the market.
Founded by Vikram Labhe and Bhalchandra Patil, Melooha offers personalized guidance based on an individual’s birth information, including their specific birth date, place, and time. The platform also enables users to pose personalized queries and receive real-time guidance.
Melooha emphasizes that its foundation relies on precise mathematical algorithms, which incorporate accurate planetary data, including insights sourced from NASA.
A recent report by Entrackr has highlighted a growing trend among early-stage startups in the devotional and astrological sectors, as they seek to secure growth funding during the festive season. Several startups in these domains, including AstroTalk, InstaAstro, Bodhi, DevDarshan, and Vama, are currently in the process of raising new rounds of funding.
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