Bridging tradition and technology
In India, consulting an astrologer to chart life’s journey is deeply ingrained for most Hindus. But with urbanization rupturing traditional community ties, access to a local pandit has become a challenge.
Enter Astrotalk. Founded in 2017, the startup built an online platform connecting users and astrologers for celestial counselling sessions from anywhere.
While also offering tarot and numerology, the bread and butter is virtual astrology consultations.
Bootstrapped Astrotalk saw profits rocket 400% to $3.3 million last fiscal year.
The company expects to pull in around $72 million in revenue this financial year ending March 2024, with $12 million in net income.
Profits Profits Profits!
Astrotalk boasts over 30 million registered users and 4 million monthly active users engaging in 10 to 11-minute calls that average around $2.50 per session.
The future looks bright, with India’s massive spiritual market set to grow 10% annually.
Charting A Path to Public Markets
The astrology app aims to go public after crossing $240 million in revenue, likely in 2025. Astrotalk is seeking a $40 million pre-IPO round to finance expansion into Tier 2/3 Indian cities and acquisitions of smaller firms abroad.
Co-founder Anmol Jain told Tech Insider the funding will further develop offerings and hire top talent from Indian institutes.
International users drive half Astroof Talk’s overseas revenue, topping $12 million last fiscal year.
IPO ambitions?
Jain explained a unique vetting system where astrologer candidates must accurately predict life events from case studies, ensuring the platform provides authentic guidance—this attention to quality cements Astrotalk’s pole position in India’s booming spiritual market.
With promising growth and profits, Astrotalk seems destined to capitalize on celestial counseling to Wall Street.
But one question remains: Did their astrologers forecast the 2025 IPO in their stars?
Astrotalk turns prophecy into profits, expects to generate $72M this year before seeking 2025 listing
