Spiritual wellness startup Emerging Vision raises $4 mn in Series A funding
NEW DELHI: Online spiritual wellness company Emerging Vision raised $ 4 million on Tuesday as part of its Series A funding round led by Lightspeed Venture Partners.
With this round, the company has raised a total of US $ 5 million to date. She will use the proceeds from the round to scale her operations.
The two-year-old platform is a global online spiritual wellbeing platform that enables interactive, face-to-face consultations with verified astrologers, tarot readers, life coaches and mentors.
Emerging Vision’s Android app is called Guruji, while the iOS offering is called Teller. The apps were developed with Generation Z and digital native users in mind.
The company’s Guruji and Teller apps offer free live public sessions that allow users to understand the service and private paid live sessions for tailored consultations.
Free live sessions on Emerging Vision’s apps operate on a freemium model, in which users are provided with a paid “dial-in” option to initiate a quick consultation and personal contact with the astrologers.
“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 be moving this journey forward with the support of Lightspeed, “said Saarthak Singh, co-founder of Emerging Vision.
Within 18 months of the launch of Android and three months of the launch of iOS, Emerging Vision had already achieved an annual revenue of $ 6 million, the company said.
The platform currently has 180,000 consultations per month, with around 30% of new users returning the following month to consult the app again.
“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 now has a team of 550+ verified astrologers covering astrology, tarot reading, palmistry and numerology.
In addition to expanding its global activities, Emerging Vision is also planning to introduce its own e-commerce marketplace. This will eventually grow to be the first stop for global users looking for spiritual wellbeing, with offerings focused on live streaming, counseling, content and community.
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