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Astrotalk In Talks To Raise $50 Mn At Unicorn Valuation

Inc42Inc42 · 19h ago
Astrotalk In Talks To Raise $50 Mn At Unicorn Valuation
Medial

Astrotalk, the astrology startup, is currently in talks to raise $50 million in its Series B round, targeting a valuation between $1.3 billion and $1.5 billion, according to sources cited by Inc42. The company is in active discussions with multiple investors for this round, although the deal hasn’t been finalized yet. If successful, this would mark Astrotalk’s debut into the unicorn club. Founded by Puneet Gupta, Astrotalk has grown rapidly by offering astrology consultations via chat and call. The platform claims strong profitability and a growing user base, which is attracting both domestic and global investor interest. The upcoming round follows its earlier $20 million Series A raised in early 2024. This new capital is expected to fuel product growth, global expansion, and hiring. The fundraise comes amid renewed investor interest in profitable consumer-tech plays in India.

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Exclusive: AstroTalk raises $9.5 Mn at a valuation of $300 Mn

EntrackrEntrackr · 1y ago
Exclusive: AstroTalk raises $9.5 Mn at a valuation of $300 Mn
Medial

Online astrology platform AstroTalk has raised Rs 78.3 crore or $9.5 million in an extension of its Series A round from existing investors Left Lane Capital and Elev8 Capital. The board at AstroTalk has passed a special resolution to issue 5,067 compulsory Convertible preference shares to raise Rs 78.3 crore or $9.5 million, its regulatory filing accessed from the RoC shows. Left Lane Capital pumped Rs 58.3 crore while Elev8 Capital participated with Rs 20 crore. This seems to be the tranche of a larger round. AstroTalk is reportedly in talks to raise $30 million. As per TheKredible’s estimates, the company has been valued at around Rs 2,478 crore or $300 million post-money which is a 33.3% increase from its last round. The valuation will go up with the flow of funds. AstroTalk has raised Rs 172 crore to date including Rs 166 crore or $20 million in its Series A round in February. Entrackr was the first to report the development. AstroTalk is a platform to consult astrologers via the internet, call, and chat and claims to have 13,000 astrologers, tarot readers, numerologists, and Vastu experts. The platform lets users connect with the aforementioned experts for future predictions related to marriage, love life, career, and health among others. Left Lane Capital baked firm had demonstrated strong financial performance in FY23 as its revenue grew 146% to Rs 283 crore. At the same time, AstroTalk’s profits spiked 41.7% to Rs 8.5 crore. As per the current average revenue run rate, the company is projected to end FY24 with Rs 650 crore in revenue and Rs 100 crore in profit. The company is yet to file its audited financial results for FY24. As per data compiled by TheKredible, astro and spiritual tech startups have raised around $25 million in the past 12 months. The notable names include Ustav App, DevDham, InstaAstro, AstroTalk, Vama, and Melooha also raised decent funding during the period. SriMandir’s parent company AppsForBharat is also in talks to raise $15 million in a new round. Entrackr exclusively reported the development last month.

Exclusive: AstroTalk seeks unicorn valuation in new round

EntrackrEntrackr · 19h ago
Exclusive: AstroTalk seeks unicorn valuation in new round
Medial

Exclusive: AstroTalk seeks unicorn valuation in new round Noida-based AstroTalk closed a $14 million funding round in June last year. As of now, it has raised $34 million from Left Lane and Elev8 Capital. Astrology-focused platform AstroTalk is in mid stage talks to raise a new funding round in the range of $50-100 million, according to three sources aware of the development. The fresh funding talks have been initiated after a gap of 12 months for the Noida-based company. “The discussions are ongoing with multiple investors, including a few existing backers,” said one of the sources on condition of anonymity. “The new round is likely to be the final one before the company files its DRHP for a public listing by the first half of the next year.” As per sources, the firm will begin the IPO process in a few months. AstroTalk closed a $14 million funding round in June last year. As of now, it has raised $34 million from Left Lane and Elev8 Capital. “Astrotalk is seeking a valuation of $1.3 to $1.5 billion in the new round, which is expected to close in the next couple of months,” said another source, who requested anonymity as the discussions are private. This will be a substantial increase from its earlier $300 million valuation. If the firm achieves this valuation, Astrotalk will join the ranks of Jumbotail, Drools, Porter, Netradyne, and Juspay, all of which became unicorns in the ongoing calendar year (2025). For the uninitiated, AstroTalk is an online platform that enables users to consult with astrologers through the internet, phone calls, and chat. It claims to host a network of 45,634 professionals, including astrologers, tarot readers, numerologists, and Vastu experts. The platform offers services for personalized predictions and guidance on areas such as marriage, relationships, career, health, and more. The Puneet Gupta-led company has recorded strong growth over the past two fiscal years. As per an internal document reviewed by Entrackr, Astrotalk ended FY25 with Rs 1,182 crore in revenue and a profit of over Rs 250 crore. This follows a sharp rise in FY24, when it reported Rs 651 crore in revenue and Rs 100 crore in profit. AstroTalk declined to comment on the story. AstroTalk recently diversified its offerings with the launch of a D2C vertical focused on spiritual and wellness products. This includes services like puja bookings, gemstones, and astrological remedies. According to co-founder Anmol Jain, the D2C business is expected to contribute 25-30% of overall revenue while maintaining profitability. AstroTalk’s planned IPO comes at a time when profitable, consumer-tech startups are seeing renewed interest from investors. If successful, it would be the first venture-funded player in the online astrology segment to go public. The company faces competition from platforms like Astrosage, Astroyogi, GaneshaSpeaks, and InstraAstro.

AstroTalk set to raise $20 Mn in Series A

EntrackrEntrackr · 1y ago
AstroTalk set to raise $20 Mn in Series A
Medial

Online astrology platform AstroTalk is raising nearly $20 million in its Series A round from New York-based Left Lane Capital. This will be the Noida-based firm’s maiden institutional funding round. The board at AstroTalk has passed a special resolution to issue 11,211 Series A CCPS at an issue price of Rs 1,45,531 (upper-band) each to raise Rs 163 crore or close to $20 million, its regulatory filing sourced from the Registrar of Companies (RoC) shows. As per the startup data intelligence platform TheKredible, the company has been valued at around $200 million (post allotment). Entrackr was the first to report about this round in August 2023. AstroTalk is a platform to consult astrologers via the internet, call, and chat and claims to have 13,000 astrologers, tarot readers, numerologists, and vastu experts on its platform. The platform lets users connect with the aforementioned experts for future predictions related to marriage, love life, career, and health among others. To popularize its offerings, AstroTalk roped in a clutch of celebrities including Ranbir Kapoor, Shraddha Kapoor, Mouni Roy, Bharti Singh, and Virender Sehwag. While most startups of its age in the consumer internet space have been soaked deep into losses, AstroTalk is profitable with over two-fold growth in its operating scale. The company posted 146% growth in its revenue to Rs 283 crore in FY23 whereas its profits spiked 41.7% to Rs 8.5 crore. As per the current average revenue run rate, the company projected to end FY24 with Rs 650 crore in revenue and Rs 100 crore in profit. AstroTalk has emerged as the poster boy in its space but it competes with GaneshaSpeaks, InstraAstro, Click Astro, and Bodhi. In the past six months, a clutch of astro and spiritual tech startups raised funds. The list included Vama, Utsav, DevDham (previously DevDarshan), and Melooha. As per Entrackr’s sources, Bodhi and instaAstro are also in talks to raise new rounds.

AstroTalk posts Rs 283 Cr revenue in FY23; remains profitable

EntrackrEntrackr · 1y ago
AstroTalk posts Rs 283 Cr revenue in FY23; remains profitable
Medial

Online astrology platform AstroTalk has reported a significant growth of 2.4 times year-on-year in revenue and achieved profitability during the fiscal year ending in March 2023. With revenue from operations reaching Rs 283 crore in FY23, the platform connects users with over 13,000 astrologers, tarot readers, numerologists, and Vastu experts for consultations on various aspects of life. AstroTalk's services are primarily delivered through chat and phone calls, with 65% of consultations conducted via chat. The company also expanded its operations to international markets, generating around 17% of its revenue from outside India. Furthermore, AstroTalk is in talks to raise $25-30 million, aiming for a valuation of $220-$250 million.

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