InstaAstro raises $2.30 million in pre-Series A round led by Artha Venture Fund

InstaAstro, an online astrology platform, has raised $2.30 million in a pre-Series A round of funding led by Artha Venture Fund.

Other participants who took part in the round include LogX Ventures, Singularity Ventures, IR Capital Partners, and Aloke Bajpai, MD & CEO of Ixigo, the company said in a press note today, May 16.

InstaAstro plans to launch new spiritual e-commerce and Reiki healing services, enhancing their holistic spiritual offerings.

"Astrology remains a subject of interest and cuts across economic classes. InstaAstro is rightly positioned to capture a large share of the astrology market by providing reliable and affordable access to its consumers.

The online astrology market is ready for disruption, and InstaAstro’s differentiated offerings are reflected in the rapid yet sustainable growth of its revenues.” said Anirudh A. Damani of Artha Venture Fund.

The new funds will be used to expand their offerings and deepen user engagement, aiming for global expansion to connect more deeply with spiritual seekers worldwide.

InstaAstro has quickly gained traction with over 200,000 monthly app installs and 50,000+ minutes of daily consultations.

"Navigating the cosmic journey of growth with our recent ARR achievement and the trust placed in us by our esteemed investors is exhilarating. Our new services are just the beginning. We're poised for global expansion, aiming to connect more deeply with spiritual seekers worldwide." said Nitin Verma, CEO and founder, InstaAstro.

InstaAstro offers services in multiple languages, including horoscopes, tarot readings, and numerology. The platform boasts a user base of over 5 million and has provided over 20 million minutes of consultation in FY24 through its network of 1500 astrologers.