NEW DELHI, INDIA — AstroTalk, India's leading online astrology platform, is in advanced discussions to raise a new funding round of approximately $50 million, aiming for a unicorn valuation ranging between $1.3 billion and $1.5 billion. This highly anticipated Series B round, which includes a mix of existing and new investors, is expected to be the final private funding before the company prepares for an Initial Public Offering (IPO) in the first half of 2026.
According to sources familiar with the ongoing negotiations, the Noida-based company's current valuation target marks a substantial 4X to 5X jump from its previous valuation of around $300 million. This significant leap underscores the robust growth and increasing investor confidence in the "spiritual tech" sector, particularly in profitable ventures like AstroTalk.
Founded in 2017 by Puneet Gupta and Anmol Jain, AstroTalk has rapidly scaled to become India's largest digital astrology service provider. The platform connects users with over 45,000 spiritual practitioners, including astrologers, tarot readers, numerologists, and Vastu experts, offering consultations via chat, audio, and video calls. Its business model primarily involves charging a fee for these consultations, with a significant portion of revenue coming from one-on-one sessions.
AstroTalk's impressive financial performance underpins its ambitious valuation. In the fiscal year 2024, the company reported an operating revenue of ₹651 crore (approx. $79.6 million), with a net profit of ₹100 crore. For FY25, the company's revenue nearly doubled to an estimated ₹1,182 crore, and net profit surged to over ₹250 crore. This consistent profitability, a rarity among high-growth tech startups in India, is a key attraction for investors.
Beyond its core astrology consultations, AstroTalk has strategically diversified its revenue streams. In September 2024, it launched a direct-to-consumer (D2C) e-commerce vertical, "AstroTalk Store," offering puja bookings, gemstones, astrological remedies, and other spiritual products. This D2C arm is already profitable and is projected to contribute 25-30% of the overall revenue in the near term, further strengthening the company's financial health. The company also recently bolstered its leadership team, appointing Damandeep Singh Soni (former President and CBO of GlobalBees) to head the D2C arm and Siddharth Prakash Singh (former Google executive) as its first Chief Technology Officer.
The current funding round, though relatively small at $50 million compared to AstroTalk's revenue growth, is aimed at strengthening its balance sheet, supporting IPO preparations, and accelerating product expansion. AstroTalk last raised $14 million in June 2024 as an extension of its Series A round, bringing its total funding to approximately $34 million to date from investors like Left Lane Capital, Elev8 Capital, and QED Innovation Labs.
Should AstroTalk successfully list, it would mark a historic milestone as the first venture-funded astrology platform in India to go public, potentially paving the way for more "spiritual tech" startups to consider public markets. The company's journey reflects the growing acceptance and monetization of online spiritual services in India and among the global Indian diaspora.
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