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Astrotalk Raises $20 Mln From US Investor

Astrotalk Raises $20 Mln From US Investor

Astrotalk Raises $20 Mln From US Investor

NEW YORK, NY (IANS) – Spiritual tech startup Astrotalk on February 12 said it has raised $20 million in a Series A round led by Left Lane Capital, a US-based venture capital firm.

Astrotalk said it will use the funds for strategic acquisitions to expand in international markets, solidify new business verticals, and hire senior leadership roles.

“Astrotalk grew, in a bootstrapped fashion, to the undisputed local market leader for digital astrology practice in India, the birthplace of the practice; we are highly confident in their abilities to achieve similar success on a global playing field,” said Harley Miller, CEO and Managing Partner of Left Lane Capital.

Founded in 2017 by Puneet Gupta and Anmol Jain, Astrotalk connects consumers to astrologers for horoscope readings, birth chart analysis, live prayers, and more.

The platform with over 15,000 active astrologers has served more than 4 crore users to date, it said in a statement.

“One-on-one consultations stand to be approximately 95 percent of our revenue with about 20 percent of the revenues coming from outside of India,” said Gupta.

“Our aim is to take India’s ancient Vedic sciences across the globe, and our partnership with Left Lane marks the beginning of this journey,” he added.

The company will also use the raised amount to further develop its devotion offerings, as well as expand to and localize its operations in South India, which presents a large market opportunity.

The employee headcount, currently at 200, is expected to significantly increase with the new funding round, said Astrotalk.

Astrotalk registered an annual recurring revenue (ARR) of approximately Rs 800 crore in 2023-24 and more than a 100+ percent (year-on-year) revenue growth in the last three years.

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