BrahmVeda Ventures Acquires Vedvaani in Strategic Cash & Equity Deal to Scale AI-Powered Astro Solutions

Surat, India – November 08, 2024 – BrahmVeda Ventures, a venture studio with a core focus on advancing AI-driven businesses, has successfully acquired Vedvaani, an innovative Astro AI application, in a major cash and equity deal. Vedvaani has earned recognition for its unique blend of traditional astrology with advanced AI, delivering customized astrological predictions and insights to users. This acquisition aligns with BrahmVeda’s mission to harness artificial intelligence as a disruptive tool for transforming industries and providing impactful, consumer-focused solutions.

Related: Astrology Consultancy Startup AstroTalk Charts 12x Increase In Profit Climbs to Rs 100 Cr in FY24

Founded by visionary entrepreneurs Vipul Kapoor, Nachiket Patel, and Kashyap Pandya, BrahmVeda Ventures is committed to scaling AI-based ventures that drive significant consumer engagement. The acquisition of Vedvaani further cements BrahmVeda’s dedication to building transformative AI products, especially in the rapidly growing Astro AI segment.

Vipul Kapoor, Co-Founder of BrahmVeda Ventures, expressed enthusiasm about this strategic move:

“We are thrilled to welcome Vedvaani into the BrahmVeda family. This acquisition is pivotal to our vision of creating ventures that fully leverage AI’s potential to offer meaningful, accessible solutions to consumers.”

Rushabh Agarwal, Founder of Vedvaani, shared his reflections on the acquisition:

“It’s been an incredible journey building Vedvaani, and seeing BrahmVeda recognize the platform’s value confirms the potential it holds.”

With a focus on scaling Vedvaani’s innovative Astro AI platform, BrahmVeda intends to make astrology more accessible, personalized, and predictive for a global audience. Co-Founder Nachiket Patel emphasized the platform’s unique offerings, noting,

“Vedvaani’s Astro AI presents a remarkable opportunity to revolutionize astrology, making it more impactful and accessible worldwide. We’re excited to expand its reach and enhance its user experience with AI-driven insights.”

BrahmVeda’s growth model relies on strategic acquisitions and in-house development. Co-Founder Kashyap Pandya detailed the venture studio’s approach:

“At BrahmVeda, we continuously identify opportunities, validate startup ideas, and leverage our in-house tech expertise to develop cutting-edge AI products. Once a viable MVP is established, we bring it to market, providing essential resources to scale the business.”

BrahmVeda’s acquisition of Vedvaani comes at a promising time for India’s astrotech sector, which has captured significant investor interest. In May 2024, online astrology platform Astrotalk raised INR 110 Cr ($14 Mn) through primary and secondary funding, while InstaAstro, a Noida-based astrotech startup, secured INR 18.5 Cr ($2.3 Mn) in a Pre-Series A round led by Artha Venture Fund. September saw Melooha, an Astro SaaS platform, raising $635,000 in angel investment. Currently valued at approximately INR 30K Cr ($4 Bn), India’s astrotech market is projected to reach INR 50K Cr ($6.5 Bn) by 2025.

BrahmVeda’s acquisition of Vedvaani not only enhances the venture studio’s AI-driven portfolio but also strengthens its ability to deliver consumer-centered Astro AI insights on a global scale. With this strategic acquisition, BrahmVeda Ventures is poised to lead the way in bringing AI-powered astrological solutions to a broader audience, advancing the future of personalized astrology through technology.