Astrotalk raises $9.4 million from Left Lane Capital, Elev8 Venture Partners
Astrotalk, which provides digital astrology consulting services, has raised $9.4 million in an ongoing funding round from existing investor Left Lane Capital and new investor Elev8 Venture Partners, as per documents sourced from the Registrar of Companies.
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New York-based venture capital firm Left Lane Capital had invested $20 million in Astrotalk in February – in what was the startup’s maiden institutional funding round.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMIT xPROMIT Technology Leadership and InnovationVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitThe fresh funding has come at a time when Astrotalk is looking to expand its reach in overseas markets such as the US, the UK, Canada and west Asia. Currently, Astrotalk gets around 20% of its revenue from international markets.
The latest capital infusion has happened at a valuation of around Rs 2,500 crore ($300 million) after the investment.
ET had reported earlier that the company was targeting a revenue of Rs 620-630 crore with a profit of Rs 120 crore in the fiscal ended March 2024, compared to Rs 283 crore clocked in FY23. It posted a net profit of Rs 27 crore during fiscal 2023.
Astrotalk operates on a revenue-sharing model with the over-10,000 active astrologers on its platform. Its pricing structure ranges from Rs 10 to Rs 200 per
