Melooha Shark Tank India Season 3
Melooha
Melooha offers customized advice based on a person’s exact birth information, such as the place, date, and time of birth. Users of the platform can also ask custom queries and receive real-time advice. Melooha is a very personalized astrology portal driven by AI.
Founder of Melooha
Melooha was founded by Vineeta Phatak, Bhalchandra Patil, and Vikram Labhe.
Melooha Funding Round
Company Name | Melooha |
Shark Tank India Season | 3 |
Episode No | 47 |
Season No | 3 |
Brand | Melooha |
Idea | astrology and horoscope mobile application |
Original Ask | 80 Lakhs for 2% Equity |
Deal | No Deal |
Invested By: | ——– |
At its core, Melooha's idea revolved around leveraging technology to deliver astrology-related content and services to a digital audience. With a focus on personalization and user engagement, they aimed to capitalize on the enduring interest in astrology and horoscopes among a broad demographic. By offering insights, guidance, and community features through their app, Melooha sought to establish itself as a go-to destination for astrology enthusiasts seeking spiritual and self-discovery tools.
The Pitch:
Melooha pitched itself as a comprehensive astrology and horoscope mobile application designed to provide personalized readings and consultations to users interested in astrology. Their platform aimed to offer a range of services, including daily horoscope updates, astrological insights, and personalized consultations. Seeking to fuel their growth and enhance their platform's features, Melooha requested an investment of 80 Lakhs in exchange for a 2% equity stake in their business.
The Deal:
Despite their compelling pitch and the potential appeal of their app in the astrology market, Melooha left the tank without securing a deal. While the sharks may have recognized the growing demand for astrology-related content and services, factors such as market saturation, scalability challenges, or the need for differentiation from existing astrology apps may have influenced their decision not to invest.
Conclusion:
Melooha's pitch on Shark Tank India Season 3, Episode 47 underscores the continued interest in astrology and horoscopes in contemporary society. While they may not have secured investment during their appearance on the show, their commitment to providing personalized astrological insights and services reflects the growing demand for spiritual and self-discovery tools in the digital age. With continued innovation and strategic growth initiatives, Melooha can position itself as a leading player in the astrology app market, catering to the diverse needs of astrology enthusiasts across India.