AI-powered astrology startup Melooha gets angel funding led by US-based Streak Ventures

Melooha, a hyper-personalised AI-powered astrology platform, has received $6,35,000 in angel funding led by US-based venture capital firm Streak Ventures LLC, the company said. A group of angel investors also participated in the round.

"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," said Neeraj Sahejpal, managing partner at Streak Ventures.

Founded by Vikram Labhe and Bhalchandra Patil, Melooha 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.

"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," said Vikram Labhe, Founder & CEO, Melooha.

In the startup space this week, other companies that have raised early-stage funding include HotelYaari which has raised $2.17 million in seed round from Alios Ventures. Another startup Numberless, Inc., which operates the messaging application Port, has raised an undisclosed amount in a seed funding round from Reddit, Udemy, Loco, and DailyHunt-backer Catamaran.