21. September.2021 – Emerging Vision, a spiritual wellness startup based in Singapore, announced that it raised USD 4 Million in a Series A funding round. The round was led by Lightspeed Ventures.
The participants of this funding round were few prominent angel investors according to the release shared by the company.
The online spiritual wellness 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.
Words from investors –
“Emerging Vision has created a transformative approach towards spiritual wellness at a time where there is fast-growing demand globally for wellness solutions. We are excited to back the Emerging Vision team as it takes its next fundamental steps to expand its platforms across more markets and redefine spiritual wellness globally,” said Akshay Bhushan, Partner at Lightspeed Venture Partners.
About Emerging Vision –
Emerging Vision was founded in 2019, It offers live face-to-face online consultations with tarot readers, mentors, astrologers, and life coaches. It also provides services for mental wellness for Generation Z and claims to have an accumulated revenue run rate of $6 million. The platform completes close to nearly 180,000 consultations each month, with a retention rate of 30 per cent.
“Spiritual services have played a key role in people’s lives, and today’s young generation is keen to adopt new ways to implement in their daily routines. Emerging Vision offers a holistic platform for these consumers, striking a fine balance between spiritual wellness and its accessibility. We are excited to take this journey forward with the support of Lightspeed,” Saarthak Singh, Co-founder, Emerging Vision said in the release.
The firm has a team of more than 500 astrologers.
Emerging Vision has offices across the region of India, the US, and Singapore, and plans to expand in other countries as well. The company is also aiming to launch a content-led eCommerce platform.
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