We are discussing AstroTalk Secured $9.5 Million in its Series A Round From Left Lane & Elev8 Capital at a Valuation of $300 Million:
AstroTalk is a Noida-based B2C astrotech startup that has raised $9.5 million in its extended series A funding round, which was led by Left Lane Capital and Elev8 Capital. Left Lane Capital invested Rs 58.3 crore, while Elev8 Capital invested over Rs 20 crore. This astrotech startup plans to raise over $30 million in its upcoming round.
This Noida-based startup provides a B2C Astrotech platform that offers online astrology consultation from astrologers worldwide via the internet, call, or chat. This startup has features including tarot reading and palm reading and plans to expand its market globally. The board has approved a resolution to allot 5,067 compulsory convertible preference shares to raise $9.5 million. TheKredible predicted the startup’s post-valuation to be around $300 million. The startup’s valuation increased by 33.3% compared to the last round.
Entracks reports that the company raised over Rs 172 crore, including $20 million in its series A round in February. The startup has over 13,000 astrologers, Vastu experts, tarot readers, and Numerologists. Astrotalk had good financial performance in FY23, with revenue growth to Rs 283 crore, 146% more than the previous year. Profit also increased by 41.7% and reached Rs 8.5 crore. Entrackr estimated the company to have Rs 650 crore in revenue and Rs 100 crore in profit by the end of FY24.
Last year, EMR reported that the Indian religious and spiritual sector was valued at $58.56 billion. The astrology market is expected to increase at a CAGR of 10% from 2024 to 2032, and it is predicted to reach the $150 billion mark by 2032. The startup data intelligence, The Kredible, reported that Astrotech and spiritual tech startups raised over $25 million in the past year. Some of these startups include Ustav App, Vama, and InstaAstro.
Conclusion
Astrotalk is a Noida-based B2C Astrotech startup that has raised $9.5 million in an extended series A funding round led by Left Lane Capital and Elev8 Capital. This startup plans to raise over $30 million in its upcoming rounds and expand its global market. This Noida-based startup offers the best website for online astrology-related readings and predictions. AstroTalk offers an online platform for tarot reading and palm reading via call or chat sessions with experts.
The startup claims to have over 13,000 astrologers, Vastu experts, tarot readers, and Numerologists. The company raised over Rs 172 crore, including $20 million in its series A round in February. The company also aims to introduce additional features by enhancing its services. The company faces competition from InstaAstro, Ustav App, and Vama. The startup plans to enhance its platform and make it more secure, easy to use, and reliable for its users.
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