[Funding alert] Spiritual wellness startup Emerging Vision raises $4M led by LightSpeed
Headquarters in Singapore Lightspeed Venture Partner. According to a press release shared by the company, some angel investors also attended the round.$ 4 million in a Series A funding round led by
The online spiritual wellbeing platform will use the funds to scale its operations and develop its Android platform – Guruji, and its iOS version – teller. So far, the startup has raised a total of $ 5 million in funding.
“Spiritual ministries have played a key role in people’s lives, and today’s young generation is eager to find new ways of applying it to their daily lives. Emerging Vision offers these consumers a holistic platform that strikes the right balance between spiritual wellbeing and its accessibility. We are excited to continue this journey with the support of Lightspeed, ”said Saarthak Singh, co-founder of Emerging Vision in the press release.
Founded in 2019, Emerging Vision offers one-on-one live online consultations with astrologers, tarot readers, mentors and life coaches. It also addresses the mental wellbeing of Generation Z and claims an annualized sales rate of. to have $ 6 million. The platform closes near 180,000 consultations every month, with a retention rate of 30 percent.
The company has a team of over 500 astrologers.
“Emerging Vision has created a transformative approach to spiritual wellbeing at a time when the demand for wellness solutions is growing rapidly around the world. We are excited to support the Emerging Vision team in their next fundamental steps to expand their platforms to additional markets and redefine spiritual wellbeing worldwide, ”said Akshay Bhushan, partner at Lightspeed Venture Partners.
Emerging Vision has offices in India, the US and Singapore and plans to expand in other areas. The company also plans to launch a content-driven e-commerce platform.
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