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News on Medial
How Puneet Gupta's stars are working in favour of his astrology startup
VCCircle
·
1y ago
Medial
Puneet Gupta, co-founder and CEO of Astrotalk, has transformed from being skeptical about astrology to launching an online marketplace for astrology services. Previously working at BNP Paribas, Gupta's perception has completely changed as he leverages his knowledge of astrology to create a successful startup.
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Buoyed by profits, Astrotalk lines up new businesses
The Arc Web
·
1y ago
Medial
Astrotalk, a popular app connecting users with astrologers, is expanding its offerings to include mental wellness and online puja services. With a current user base of over 5 million, Astrotalk generates steady revenue and has about 14,000 astrologers listed on its platform. The startup, which began operations in 2017 and is led by founder and CEO Puneet Gupta, has seen substantial growth and is projected to reach revenues of Rs 600-700 crore in FY24. Investors are also taking notice of the astrology and spirituality space, with Vama app securing a seed round of $2 million and other players emerging in the market.
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What stars foretell: Young professionals turn to astrologers to know what career holds
Economic Times
·
1y ago
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.
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Astrotalk In Talks To Raise $50 Mn At Unicorn Valuation
Inc42
·
28d ago
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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'Social Network' star Jesse Eisenberg slams Mark Zuckerberg as 'obsessed with power'
Economic Times
·
6m ago
Medial
Jesse Eisenberg, who portrayed Mark Zuckerberg in "The Social Network," reflects on how Zuckerberg evolved from a righteous figure to one obsessed with power. Eisenberg's new film "A Real Pain" explores themes of personal struggle and Jewish heritage, inspired by his real-life experiences. The movie, which he wrote, directed, and stars in alongside Kieran Culkin, has received critical acclaim. Despite his success, Eisenberg finds greater fulfillment in volunteering, highlighting his humanitarian priorities.
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Y Combinator’s Puneet Kumar Joins VC Firm Nexus Venture Partners
Inc42
·
1y ago
Medial
Puneet Kumar has joined Nexus Venture Partners as a Venture Partner after his time at Y Combinator. Kumar, previously a visiting group partner at Y Combinator, expressed excitement about paying it forward to the startup ecosystem and partnering with the next generation of entrepreneurs.
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Grind for a decade, no one cares for 7.5 yrs & hates you for remaining 2.5 yrs: Altman
Inshorts
·
4m ago
Medial
OpenAI CEO Sam Altman talked about how his life has been while working at the AI startup. "Be me," he wrote, saying that after his 10-year grind, most people didn't care for first 7.5 years but hated him for remaining 2.5 years. "Wake up one day to hundreds of messages...'Look I made you into a twink ghibli style," he posted.
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Havells India: Humble Beginnings, Strategic Growth, and a Redefined Name
StartupTalky
·
1y ago
Medial
Havells, a renowned name in India's electrical appliances industry, has experienced remarkable growth under the leadership of Qimat Rai Gupta. Starting with a modest capital of Rs 10,000 in 1958, the company now boasts a turnover of Rs 14,000 crore. Gupta's strategic acquisitions, vertical integration, and expansion into domestic appliances have cemented Havells' position as a leader in the market. Even after Gupta's passing, his son Anil Rai Gupta continues to steer the company towards success, with Havells operating 15 manufacturing facilities and a diverse product range.
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Utkarsh Gupta: Shaping Tomorrow’s Leaders through Innovative Education
VCCircle
·
1y ago
Medial
Utkarsh Gupta, the Managing Director of Ramagya Schools, is leading the charge in transforming traditional education. With a focus on innovation, Gupta is shaping tomorrow's leaders by going beyond imparting knowledge and fostering adaptable and creative minds. The core values of Ramagya Schools, "roots" and "wings," embody Gupta's commitment to dynamic and innovative education. Under his leadership, the institution has grown to four branches serving over 30,000 students and has become a center of excellence. Gupta's vision extends beyond education, with the Ramagya Foundation positively impacting thousands of lives through education, women empowerment, healthcare, and animal welfare initiatives.
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Aman Gupta tears cheque after making an offer to pitchers; says 'Bhai tu mujhe maaf kar'
IndianStartupNews
·
1y ago
Medial
In a surprising twist on Shark Tank India Season 3, Aman Gupta, co-founder of boAt and one of the "sharks," tore up his cheque and withdrew his offer after a negotiation with two brothers seeking investment for their vegetarian fast food chain, Zorko. The brothers had requested 100 advisory hours alongside the financial deal, which led to Gupta's frustration. Ritesh Agarwal also withdrew from the deal, citing the pitchers' indecisiveness.
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Astrotalk eyes IPO in two years, in talks with bankers
Economic Times
·
1y ago
Medial
AstroTalk, an Indian astrology tech startup, has announced its plans to launch an IPO by 2025-26. The company aims to strengthen its position in the astrology and occult science industry and expand its presence globally. AstroTalk has witnessed significant growth in recent years and aims to leverage the IPO funds to enhance its product offerings, technology infrastructure, and customer acquisition strategies.
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