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Digital spiritual platform Bhagva raises $1 Mn in pre-Series A round

EntrackrEntrackr · 4m ago
Digital spiritual platform Bhagva raises $1 Mn in pre-Series A round
Medial

Digital spiritual platform Bhagva raises $1 Mn in pre-Series A round Digital spiritual platform Bhagva has raised $1 million in a pre-Series A funding round from Australian high-net-worth individual Pradeep Nain, among other investors. The proceeds will be used to expand its technological infrastructure and optimize its operational capabilities, ensuring a seamless and enriching experience for its growing user base, Bhagva said in a press release. Founded in 2022 by Jagriti Motwani, Bhagva provides users with access to online pujas and pandit booking services, enabling spiritual rituals to be performed effortlessly. Additionally, the platform offers detailed Panchang and horoscope features, delivering daily spiritual guidance and essential updates to its users. The app’s user-friendly interface ensures accessibility across all age groups. The Delhi-based company aims to empower women and underrepresented groups by offering skill education related to pooja articles. This includes training in making items such as agarbattis (incense sticks), solar diyas, and various artifacts, enabling them to partake in economic and cultural activities. Bhagva says that its app and website are a daily source of spirituality, allowing digital pooja, online pooja, offline pooja, panchang, astrology, jaap services, along with a pooja shop. It remains committed to enriching the spiritual lives of individuals by blending age-old traditions with the conveniences of modern technology. It competes with other players in this space such as Astrotalk, AppsForBharat, Vama.app, DevDham, Utsav, InstaAstro, Japam, Temple Connect, and Rgyan.

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InstaAstro raises $2.3 Mn led by Artha Venture Fund

EntrackrEntrackr · 1y ago
InstaAstro raises $2.3 Mn led by Artha Venture Fund
Medial

Online astrology platform InstaAstro has raised Rs 18.50 crore in its pre-Series A round led by Artha Venture Fund. The round also saw participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund and Aloke Bajpai, MD & CEO of Ixigo. In November 2021, InstaAstro had raised Rs 3.2 crore in a seed round led by Artha Venture Fund along with Ramakant Sharma’s LogX Ventures. With fresh funds, InstaAstro is launching new spiritual e-commerce, daily pooja, and reiki healing services. As per the company, these offerings would deepen the platform’s user engagement and provide access to a comprehensive spiritual and astrological guidance ecosystem. Founded by Nitin Verma, InstaAstro claims to have over 200,000 monthly app installs, 50,000 minutes per day in consultations, and an ARR of $5 million. It offers horoscopes, tarot readings, and numerology in English, Hindi, and various regional languages. The startup has a total user base of over 5 million users and provided a cumulative consultation of more than 2 crore (20 million) minutes to its subscribers in FY24. The firm has 1,500 astrologers on its platform. It competes with GaneshaSpeaks, AstroTalk, Click Astro, and Bodhi. In the past 12 months, a clutch of astro and spiritual tech startups raised funds. The list included AstroTalk, Vama, Utsav, DevDham (previously DevDarshan), and Melooha. As per Entrackr’s sources, Bodhi is also in talks to raise a new round. AstroTalk had raised the largest funding ($20 million) among the astro and spiritual tech startups.

Supermoney raises $3.4 Mn in Series A round

EntrackrEntrackr · 1y ago
Supermoney raises $3.4 Mn in Series A round
Medial

Supermoney, an SME-focused digital lending platform, has raised $3.4 million Rs 28.6 crore in its Series A round from Capital 2B and Capria Ventures. In February 2020, the startup had raised $1 million (Rs 7 crore) from early-stage investor Unitus Ventures. The proceeds will be used to ramp up the platform’s growth and expand disbursements, Supermoney said in a press release. Founded in 2018 by Nikhil Banerjee, Supermoney is a digital platform that provides working capital solutions to businesses by offering customized payment and finance solutions designed specifically for their supply chain. According to the Mumbai-based startup, it has established partnerships with major brands across sectors such as electronics, pharmaceuticals, steel, auto parts, and automotive. Operating in over 40 locations, Supermoney has 30,000 retailers/dealers, over 50 anchors and more than 500 distributors across India on the platform.

Healthcare and insurtech startup FlashAid raises $2.5 Mn

EntrackrEntrackr · 1y ago
Healthcare and insurtech startup FlashAid raises $2.5 Mn
Medial

Healthcare and insurtech firm Flashaid has raised $2.5 million in its pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors —Z21 Ventures Fund and ZNL Growth Fund also participated in this round. The proceeds will be used for growth and expansion to six new cities, the company said in a press release. Founded by Manoj Gupta and Gunjali Kothari, Flashaid offers a full-stack health solution with proprietary pre-underwritten products, open APIs, and embedded solutions. Formerly known as EasyAspataal, Flashaid is building an API-first health cover to make health insurance affordable and accessible to common people. It is developing a distinctive channel for retail health plan distribution via a B2B2C platform. Over the last year, the firm claims to have partnered with over 20 platforms to distribute 30,000 health covers and is profitable at the EBITDA level. Currently, it has an ARR (annual run rate) of $1 million and is expected to grow to $10 million ARR in the next two years.

Ice cream brand Go Zero raises $1.5 Mn

EntrackrEntrackr · 1y ago
Ice cream brand Go Zero raises $1.5 Mn
Medial

Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.

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