Spiritual wellness platform Emerging Vision raises Series A funds led by Lightspeed

Emerging Vision spiritual wellness platform is raising Series A funding led by Lightspeed | VCCircle

Emerging Vision spiritual wellness platform is raising Series A funding under the direction of Lightspeed

Emerging Vision spiritual wellness platform is raising Series A funding under the direction of Lightspeed

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Emerging Vision, an online spiritual wellbeing company, claims it has raised $ 4 million (Rs.29 billion) from its Lightspeed-led Series A funding round.

The company said it will use the capital to upgrade its live streaming wellness platforms Guruji and Teller and scale operations. With the new round, the company has raised $ 5 million in total funding to date.

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Emerging Vision was founded in 2019 and is headquartered in Singapore.

“Spiritual ministries have played a key role in people’s lives, and today’s young generation is striving to find new ways to integrate spirituality into their daily lives,” said Saarthak Singh, co-founder of Emerging Vision.

The company said that within 18 months of launching Android and three months of launching iOS, Emerging Vision had annual revenue of $ 6 million, up 500 percent year over year.

Currently, the platform conducts 180,000 consultations per month, with around 30% of new users returning in the following month. It now has a team of more than 550 astrologers.

Other players in the segment are Sutradhar, MyMandir and 27 Mantra.

Earlier this month, AppsForBharat, a studio focused on developing apps for spiritual and devotional needs, raised $ 10 million in a Series A funding round led by Elevation Capital.

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