Astrology platform MyNaksh secures Rs 7.5 crore in funding, primarily by Eximius Ventures and Gemba Capital.
MyNaksh, a startup based in India, has announced that it has raised Rs 7.5 crore in a pre-seed funding round. The funding round was led by Eximius Ventures and Gemba Capital, with additional investments from angel investors and operators such as Infinyte Club.
MyNaksh is on a mission to provide a deeper, more personalized astrology experience than what is currently available online. The startup's goal is to build trust with its users and offer experiences that deepen over time, serving as a personal guide for individual life journeys.
The product offered by MyNaksh is designed to understand each user's unique context, offering a combination of human astrologers, AI astrologers, and personal connection. The startup's founders, Nitesh Salvi, Devaang Agarwalla, Gaurav Mohta, and Piyush Nagle, believe that astrology has been diluted by gimmicks or locked in outdated formats, and they aim to change that with their innovative approach.
Preeti Sampat, Managing Partner at Eximius Ventures, expressed her excitement about backing MyNaksh as one of the early investments from Eximius Fund II. She identifies faith-tech as a large, under-innovated category, and she believes that MyNaksh has the potential to make a significant impact in this space.
The Eximius Ventures team values MyNaksh's practical human-in-the-loop approach to personalization. They believe that the startup's strong product judgment and focus on understanding each user deeply sets it apart from other players in the field.
MyNaksh's services are intended to offer a more meaningful and engaging astrology experience than what is currently available. The startup aims to deliver a personalized user experience that goes beyond the chat-first format available online.
The funding round will enable MyNaksh to further develop its technology and scale its operations. With the support of its investors, the startup is well-positioned to revolutionize the astrology industry and provide a more meaningful and personalized experience for its users.
In conclusion, MyNaksh is India's leading pre-seed VC's early investment, and it has the potential to change the way people approach astrology. With its innovative approach, practical human-in-the-loop personalization, and focus on understanding each user deeply, MyNaksh is set to offer a more meaningful and engaging astrology experience than what is currently available online.
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