Astrotalk Secures $9.5M Funding, Aims for Major Growth in FY24

Astrotalk Services:

Astrotalk offers astrology services including horoscope matching, daily horoscopes, and auspicious time recommendations, with 13,000+ experts.

Customer Base:

With over 4.3 crore customers in 60+ countries and 1 lakh minutes of daily consultations, Astrotalk supports modern problems while preserving traditional astrology.

Series A Funding:

Astrotalk secured $9.5 million in Series A funding, led by Left Lane Capital and Elev8 Capital, raising its valuation to $300 million.

Fundraising Details:

The board approved issuing 5,067 compulsory convertible preference shares, raising Rs 78.3 crore or $9.5 million, as per the regulatory filing.

Investor Contributions:

Left Lane Capital contributed Rs 58.3 crore, and Elev8 Capital Rs 20 crore, with plans to raise an additional $30 million in the future.

Previous Funding:

This funding comes four months after Astrotalk raised $20 million in a Series A round also led by Left Lane Capital.

Revenue Model:

Established in 2017, Astrotalk earns 90% of its revenue from per-minute consultations with astrologers, generating Rs 283 crore in FY23.

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