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Ashish Singh
Finding my self ๐ถโ๏ฟฝ...ย โขย 5m
๐คฏFlipkart's Entry into Astrology -- Acquisition Plans: Flipkart is looking to acquire InstaAstro, a startup focused on astrology and spiritual services, for an estimated $18 to $25 million. -- Rebranding: InstaAstro may be rebranded as "Sukh" after the acquisition. --- InstaAstro Overview: Founded: 2021 by Nitin Verma. Services: Offers horoscope readings, tarot services, numerology, and spiritual products. Financials: Revenue nearly doubled to โน25 crore in FY24, but losses increased to โน8.11 crore. ---- Market Growth: The astrology sector has attracted over $65 million in funding in the past 18 months, with InstaAstro competing against established players like GaneshaSpeaks and AstroTalk. This move reflects Flipkart's strategy to diversify its offerings in a rapidly growing market
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