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January 15, 2024

Bengaluru based AI powered astrology SaaS startup ‘Melooha’ bags angel fund of $6,35,000

Bengaluru, September 14, 2023: Melooha, a new-age hyper-personalised AI-powered astrology platform, has successfully secured an angel fund of $6,35,000 led by US-based Streak Ventures LLC (a renowned venture capital firm) and a group of visionary angel investors. The investors are optimistic about Melooha's mission and the potential of bringing astrology into the digital age.

Melooha is an AI powered, hyper personalised Astrology platform that 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.

The platform is built on the bedrock of precise mathematical algorithms, incorporating the most accurate planetary data, including insights from NASA. Advanced technology like artificial intelligence & machine learning has been pivotal in turning this vision into reality.

Neeraj Sahejpal, Managing Partner at Streak Ventures LLC, expressed enthusiasm over the potential of Melooha & said, "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."

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. 

Expressing his excitement over the funding, Vikram Labhe, Founder & CEO, Melooha, said, "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."

Bhalchandra Patil, Co-founder & CTO, Melooha, added, "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."

Dr. Vineeta Phatak, Chief Astrologer, Melooha, said, "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."

About Melooha:

Melooha is an AI powered, hyper personalised Astrology as a Service SaaS platform. Melooha combines ancient wisdom with modern technology to deliver hyper-personalized guidance on all aspects of life.  Melooha will soon  be available  on iOS and Android apps.

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