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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.

Eloelo kicks off Series B round with $13 Mn

EntrackrEntrackr · 6m ago
Eloelo kicks off Series B round with $13 Mn
Medial

Social gaming and live streaming platform Eloelo is raising Rs 114 crore (approximately $13 million) in its Series B round led by Play Ventures Investments with participation from Gameskarft Technologies, Kalaari Capital, and WestBridge Capital. The board has passed a resolution to issue 1,696 Series B compulsory convertible preferred shares at Rs 6,73,997 each to raise the funds, according to a regulatory filing. Play Ventures is investing Rs 34.7 crore, Gameskraft Technologies Rs 21.7 crore, WestBridge Capital Rs 8.7 crore, and Kalaari Capital Rs 13 crore. Additional investments are being made by Countryside Ventures, Rocket Capital, MIXI Global, and Veenita and Vinay Mittal. Eloelo has raised over $50 million to date, including a $22 million pre-series B round co-led by Courtside Ventures and Griffin Gaming Partners. Post-transaction, Play Ventures will hold 3.38%, Countryside Ventures 4.46%, Gameskraft 2.12%, and Kalaari Capital 6.35%. Founded by Saurabh Pandey and Akshay Dubey, Eloelo offers live games and entertainment with native activities like tambola and antakshari. It features over 50 live games and more than 1,000 daily live streams. The social gaming and live streaming space in India is evolving with platforms like Loco, Rooter, and Turnip in gaming, while Chingari, ShareChat, and Bolo Live expand into live and casual gaming.

Exclusive: Consumer lending startup Fibe raises $66 Mn

EntrackrEntrackr · 1y ago
Exclusive: Consumer lending startup Fibe raises $66 Mn
Medial

Digital lending platform Fibe (formerly EarlySalary) has raised Rs 547 crore or $66 million in Series E round led by TPG’s The Rise Fund and Kabira Holdings. This is the first round of investments for the Pune-based company in the past two years. The board at Five has passed a special resolution to issue 5,46,75,600 Series E CCPS at an issue price of Rs 100 each to raise Rs 547 crore, its regulatory filing accessed from the RoC shows. The Rise Fund led the round with Rs 133 crore while Kabira Holdings put in Rs 125 crore. Eight Road Ventures, Norwest Capital, and Trifecta participated with Rs 41.6 crore, Rs 62.5 crore and Rs 55 crore, respectively. Amara Partners and Chirate also invested Rs 29.17 crore and Rs 100 crore. According to filings, the company will use these funds for expansion and growth as per the business plan duly adopted by the board. This is a developing story…

Navata Supply Chain Solutions raises Rs 13.5 Cr led by Abyro Capital

EntrackrEntrackr · 23d ago
Navata Supply Chain Solutions raises Rs 13.5 Cr led by Abyro Capital
Medial

Navata Supply Chain Solutions (Navata SCS), a tech-enabled B2B last-mile integrated logistics platform, has raised Rs 13.5 crore ($1.52 million) in a new funding round led by Abyro Capital, with participation from existing investor Equanimity Investments, which had led the company’s previous round. The proceeds will be used to help Navata SCS accelerate its pan-India expansion, strengthen its AI-led logistics infrastructure, and enhance enterprise solutions for large and mid-market customers across manufacturing, retail, and e-commerce. Founded by siblings Hima Parvataneni and Vineel Parvataneni, Navata SCS aims to modernize India’s traditional B2B logistics ecosystem, which has remained largely unchanged since the 1980s. The company is building a tech-driven logistics backbone that uses data intelligence and operational excellence to deliver scalable, reliable, and cost-effective logistics solutions across rural and urban India. This marks Abyro Capital’s first investment in India, following its earlier US bets in NavaFlex Inc. and Monetize360. The operator-led venture firm focuses on early-stage investments across deep-tech, infra-AI, and vertical SaaS sectors. With this funding, Navata SCS plans to expand its nationwide network, onboard new enterprise clients, and invest in AI-native predictive supply chain platforms to create a more connected, efficient, and resilient logistics ecosystem for Bharat.

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

EntrackrEntrackr · 6m 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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