Digital Astrology Startup InstaAstro generates Rs. 18.50 crore in Pre-series A

Accurate astrological consultation start-up InstaAstro has secured Rs. 18.50 crore in its pre-Series A funding round directed by Artha Venture Fund. The round likewise saw investment from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund and Aloke Bajpai, MD and Chief of Ixigo.

In November 2021, InstaAstro had secured Rs. 3.2 crore up in a seed round drove by Artha Venture Fund alongside Ramakant Sharma’s LogX Ventures.

With new assets, InstaAstro is sending off new spiritual web-based business, everyday pooja, and reiki recuperating services.

According to the organization, these contributions would extend the stage’s client commitment and give admittance to a thorough profound and system of astrological guidance.

Established by Nitin Verma, InstaAstro professes to have more than 200,000 app installs per month, 50,000 minutes out of each day in counsels, and an ARR of $5 million.

It offers horoscopes, tarot readings, and numerology in English, Hindi, and different local languages. The startup has a complete client base of nearly 5 million clients and gave a combined discussion of around 20 million minutes to its users in FY24.

There is total 1,500 astrologers on its platform. AstroTalk, GaneshaSpeaks, Bodhi & Click Astro are the competitors for the start-up in a market.