TLDR:
- Online astrology platform InstaAstro raises $2.3 million in funding led by Artha Venture Fund
- The funding will be used to enhance the platform, onboard more astrologers, expand its footprint, and build a stronger brand presence
Online astrology platform InstaAstro has secured $2.3 million in funding from Artha Venture Fund. The Noida-based company plans to use this capital to improve its platform, increase the number of astrologers onboard, expand its reach, and strengthen its brand presence. The company also aims for global expansion while focusing on deepening its presence in southern states. Founded in 2021, InstaAstro offers horoscopes, tarot readings, and numerology in various regional languages, attracting over 200,000 monthly app installations. The company is recording an annualized revenue run rate of $5 million and has a user base exceeding 5 million subscribers. With the growing interest in astrology and spirituality, InstaAstro is well-positioned to capture a significant share of the market by providing reliable and affordable services to consumers.
