- Founder/Owner: Vikram Labhe, Dr. Vineeta Phatak & Balchandra Patil
- Business: Astrology App
- Ask: ₹80 Lakhs for 2% Equity
- Valuation/ Networth: ₹40 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 3 Episode 47
Melooha Shark Tank India Pitch:
Melooha is an AI-powered, Hyper-personalized Astrology platform which provides Astrology as a service. They offer personalized guidance using information such as date, place & time of birth. They also have real time Q&A on the app. The founders sought an investment of ₹80 Lakhs for 2% of the company valuing the business at ₹40 Crores.
Melooha founders shared that there are about 25 other apps which are competing in the same market but they do not share the same model. Melooha’s core intellectual property is their prediction engine. In their app demo, The founders showed that a real time algorithm operates in the background which answer users questions in 30 seconds.
Melooha Shark Tank India Negotiations & Funding:
Namita goes out citing she does not have expertise in this field. Aman doesn’t believe in astrology therefore he goes out as well. Vineeta wasn’t sure if this approach is sensible therefore she goes out. Deepinder goes out citing he didn’t understood how this works. Anupam felt like it was too early therefore he goes out as well. he does suggest the founders to rethink their model as he felt like they wouldn’t be able to build a business using the current methods.
Who are the founder of Melooha?
Vikram Labhe, Dr. Vineeta Phatak & Balchandra Patil founded Melooha.
How is Melooha doing after Shark Tank India?
Our research in the Melooha revealed that while they did not get a deal on the show. their appearance gave them a nationwide exposure which would propel this project forward. As for latest update, in April 2024, the company is still in business and has launched their apps on both Apple store and Google play store. They currently have over 10k downloads on google playstore. While their financials are not yet available, we will update this article once more information comes to light. In the meantime, you can check out other Shark Tank India products by clicking the Amazon button below!
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Here are other companies from Season 3 Episode 47.