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AstroTalk Soars to New Heights: Secures $20 Million Series A Funding

AstroTalk, an online astrology platform based in Noida, is on the verge of securing $20 million in its Series A funding round, marking its entry into institutional investment. New York-based Left Lane Capital is leading this funding initiative, as confirmed by regulatory filings obtained from the Registrar of Companies (RoC). The company plans to issue approximately 11,211 Series A CCPS at an issue price of Rs 1,45,531 each, aiming to raise close to Rs 163 crore.

With this funding, AstroTalk's valuation is estimated to be around $200 million post-allotment. The platform provides users with access to a diverse pool of over 13,000 astrologers, tarot readers, numerologists, and vastu experts, offering consultations on various aspects of life including marriage, career, and health through internet, call, and chat services.


AstroTalk has distinguished itself in its sector by maintaining profitability despite being relatively young in the consumer internet space. In the fiscal year 2023, the company experienced significant growth, with revenue surging by 146% to Rs 283 crore and profits increasing by 41.7% to Rs 8.5 crore. Projections suggest that by the end of FY24, AstroTalk aims to achieve revenue of Rs 650 crore and profits of Rs 100 crore, reflecting its robust growth trajectory.


The platform has also garnered attention through strategic partnerships with several celebrities such as Ranbir Kapoor, Shraddha Kapoor, Mouni Roy, Bharti Singh, and Virender Sehwag. Despite its success, AstroTalk faces competition from other players in the market including GaneshaSpeaks, InstraAstro, Click Astro, and Bodhi. Notably, a number of astro and spiritual tech startups have recently secured funding, indicating a growing interest in this niche sector.


In the last six months, startups like Vama, Utsav, DevDham (formerly DevDarshan), and Melooha have also raised capital. Sources suggest that Bodhi and InstraAstro are currently in discussions to raise new rounds of funding. Despite the competitive landscape, AstroTalk's profitability and rapid expansion have positioned it as a frontrunner in the astrology and spiritual consultation space, with its Series A funding poised to fuel further growth and innovation.


 

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