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What stars foretell: Young professionals turn to astrologers to know what career holds

Economic TimesEconomic Times · 1y ago
What stars foretell: Young professionals turn to astrologers to know what career holds
Medial

Young professionals and startup founders in India are increasingly seeking guidance from astrologers to navigate the challenges of their careers amidst pay cuts and job insecurity. Platforms offering online astrology consultations have reported a significant rise in requests, particularly related to increments, promotions, career progression, and potential job changes. Astrology platforms like GaneshaSpeaks.com and Astrotalk have experienced substantial revenue growth, with the latter securing $20 million in funding. Even though the scientific validity of astrology is questioned, the rising stress and uncertainty are driving more young Indians to seek answers from astrology and spirituality.

Astrotech startup MyNaksh raises Rs 7.5 Cr led by Eximius Ventures

EntrackrEntrackr · 4m ago
Astrotech startup MyNaksh raises Rs 7.5 Cr led by Eximius Ventures
Medial

Astrotech startup MyNaksh raises Rs 7.5 Cr led by Eximius Ventures MyNaksh, an AI-powered astrology platform, has raised Rs 7.5 crore in a pre-seed round led by Eximius Ventures and Gemba Capital with participation from Infinyte Club. This marks one of the largest pre-seed funding in India’s online astrology sector. With the fresh capital, the startup plans to scale product development, enhance personalisation, and position astrology as a modern, culturally rooted tool for self-awareness and growth. Founded by Nitesh Salvi, Devaang Agarwalla, Gaurav Mohta, and Piyush Nagle, MyNaksh combines AI-driven personalisation with access to human astrologers, offering users a credible and engaging astrology experience. MyNaksh’s business model is built on creating a personalised astrology guide for each user. The platform offers a mix of AI astrologers and human experts, available through a subscription-based model and paid personalised consultations. Over time, the AI learns from user behavior and context to deliver more relevant predictions, while human astrologers provide trust, depth, and authenticity. Competing with established astrology apps like Astrotalk, AstroSage, and Click Astro, MyNaksh differentiates itself with its AI-first, human-in-the-loop model.

AstroTalk’s e-commerce vertical posts Rs 140 Cr revenue in 2025, hits Rs 200 Cr ARR

EntrackrEntrackr · 20d ago
AstroTalk’s e-commerce vertical posts Rs 140 Cr revenue in 2025, hits Rs 200 Cr ARR
Medial

AstroTalk’s e-commerce vertical posts Rs 140 Cr revenue in 2025, hits Rs 200 Cr ARR AstroTalk, an online astrology platform, has rapidly scaled its e-commerce vertical, AstroTalk Store, which generated over Rs 140 crore in revenue in 2025, according to a company statement. The Store, launched in November 2024, claims it is currently operating at an annualised run rate (ARR) of more than Rs 200 crore. According to the statement, AstroTalk Store was initially incubated with an internal investment of Rs 30 lakh to test the viability of a trust-led spiritual products business. Following early demand visibility and repeat purchases, AstroTalk infused an additional Rs 40 crore to scale inventory, strengthen supply chains, and expand product categories. During FY25, the Store processed over 1.6 million orders. At present, AstroTalk Store offers more than 300 SKUs across categories such as rudrakshas, gemstones, bracelets, idols, and ritual essentials. “The spiritual and astrology-led products market in India has always been large but extremely fragmented. Consumers were either buying from local vendors with no standardisation or from small online sellers where authenticity was questionable,” Puneet Gupta, founder and CEO of AstroTalk, said in the statement. The company plans to expand its catalogue with 500 additional products by FY27. The platform currently reports a 24% repeat rate, while nearly 50% of its future sales are expected to come from Tier II and Tier III markets. Looking ahead, AstroTalk is targeting Rs 400–500 crore in annual recurring revenue by FY27 for its e-commerce vertical. In FY25, AstroTalk’s overall revenue rose to Rs 1,176 crore from Rs 651 crore in FY24. The company is also in mid-stage talks to raise $50–100 million at a unicorn valuation, a development earlier exclusively reported by Entrackr. AstroTalk will also begin preparations to initiate its IPO process in the coming months.

Exclusive: Decoding Bluestone’s pre-IPO round

EntrackrEntrackr · 1y ago
Exclusive: Decoding Bluestone’s pre-IPO round
Medial

Omnichannel jewellery retailer Bluestone has raised Rs 600 crore (approximately $72 million) led by Prosus (through its subsidiary MIH Investments) and with participation from Steadview, Think Investments, and Pratithi Growth Fund. The board at Bluestone has passed a special resolution 1,03,80,622 Series H compulsory cumulative preference shares at an issue price of Rs 578 to raise Rs 600 crore or $72 million, its internal fining accessed by Entrackr from Registrar of Companies show. Prosus led the round with Rs 351 crore or $42.2 million while Steadview Capital, Think Investments and Pratithi Growth Fund pumped in Rs 80 crore, Rs 84 crore, and Rs 35 crore respectively. The 27 other investors participated with the rest of the primary capital into Bluestone. This is part of an earlier reported Rs 900 crore pre-IPO round out of which Rs 300 crore is secondary. The funds will be used for expansion, ongoing operations, capital expenditure, and other general corporate purposes, the filing further added. According to startup data intelligence platform TheKredible, the company has been valued at around $972 million post-allotment. Following the fresh proceeds, Prosus holds 4.48% of the company while Steadview Capital, Think Investments and Pratithi Growth command 1.04%, 1.10%, and 1.08%, respectively. Founded in 2011 by Gaurav Singh Kushwaha, Bluestone provides an extensive jewellery collection for both men and women, available through its website and network of offline stores. According to the firm’s website, it operates over 190 stores across 75 cities. Bluestone continued to grow its revenue and narrow losses in the fiscal year ending March 2023. During the fiscal, the firm achieved 65% year-on-growth and its collection stood at Rs 787 crore. Its losses dwindled 87% to Rs 167 crore. It’s yet to file its annual results for FY24. Bluestone’s close competitor CaratLane, which is owned by Titan, reported Rs 3,081 crore revenue with Rs 79 crore profit in FY24.

AstroTalk profit zooms 12X to Rs 100 Cr in FY24

EntrackrEntrackr · 1y ago
AstroTalk profit zooms 12X to Rs 100 Cr in FY24
Medial

AstroTalk, a spiritual-tech company in India, experienced significant growth in the fiscal year ending March 2024. Its revenue from operations doubled to Rs 651.12 crore, with income from India and overseas countries seeing substantial increases. The company's profit also surged 12-fold to Rs 99.99 crore. AstroTalk operates as a digital astrology consultancy platform, connecting users with professional astrologers. Despite some skepticism, astrology and spiritual tech startups in India have raised around $60 million in funding in the past 15 months. The success of companies like AstroTalk can be attributed to the formalization of the economy and the demand for immediate information in the consumerist society.

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