Scale your Venture
invstt offers a chance to find the right investors to back your idea.
1-10
Mumbai
India , 2021
Mumbai
Products and services: •Free Services: We offer various free services on our application and website, which includes daily, weekly, monthly and yearly horoscopes, kundali, matchmaking and various articles & blogs related to astrology. •Paid Services: Call and chat services with our astrologers on pay per minute basis. Users get connected to Astrologers through our platform is a secured manner without giving their identity (phone numbers etc. to Astrologers).
•AstroPush is an online astrology app and website with 190k downloads and increasing. We are a bootstrapped startup. Astrology has become a highly sought-after and dependable medium for gaining insights about the health and financial future of today’s world. •We offer call and chat services with our astrologers on pay per minute basis. Users get connected to Astrologers through our platform is a secured manner without giving their identity (phone numbers etc. to Astrologers). • The astrology market (Spiritual Tech) is estimated to be in the $25-plus billion range.. •We are currently getting around 600-650 users per day. This number is continuously increasing with no limits. •Currently, due to limited marketing budget, our daily customer acquisition is less. This highly scalable business with huge market potential. We need funding for extra marketing efforts to acquire customers and improve customer acquisition cost to improve overall margins and reach breakeven. •The objectives of funding is primarily to fuel the next level of exponential growth. Our target is to have 2 million downloads in next 12 months with daily avg user volume rising to 4k-4.5k users (7X). In this way we are targeting a total recharge value of around INR.3.0cr ($350k) in next 12 months at current recharge rates and breakeven. We need around INR.5 cr ($650k) to achieve this growth and breakeven and build a sustainable business.
Currently 100% Revenue comes from one-on-one consultations of customers with Astrologers on our 2 sided Platform/marketplace. Users choose astrologers from the marketplace as per their choice (Reviews, form of astrology, specialization of Astrologer etc.) on a pay-per-minute basis, starting from INR 5 per minute to INR.40+ per minute. AstroPush charges commission from Astrologer’s for providing a safe and secure market place with latest technology. Our major expenses include Software Development cost (salaries, subscriptions, database, server etc.), Astrologer’s commissions and marketing.
Australia & New Zealand (Oceania), India, Middle East & North Africa, Europe, Southeast Asia, North America
Marketplace
B2C
Astrotalk, Astroyogi, Instastro
Founder
Are all the founders full-time on this project?
No
Set up your account as an Investor.
Already have an account? Login Nowinvstt offers a chance to find the right investors to back your idea.
Login and get access to a authentic community of investors, founders and professionals.