Exclusive: AstroTalk raises $9.5 Mn at a valuation of $300 Mn
Summary
Online astrology platform AstroTalk has raised Rs 78.3 crore or $9.5 million in an extension of its Series A round from existing investors Left Lane Capital and Elev8 Capital.The board at AstroTalk has passed a special resolution to issue 5,067 compulsory Convertible preference shares to raise Rs 78.3 crore or $9.5 million, its regulatory filing accessed from the RoC shows.Left Lane Capital pumped Rs 58.3 crore while Elev8 Capital participated with Rs 20 crore. AstroTalk is reportedly in talks to raise $30 million.As per TheKredibles estimates, the company has been valued at around Rs 2,478 crore or $300 million post-money which is a 33.3% increase from its last round. The platform lets users connect with the aforementioned experts for future predictions related to marriage, love life, career, and health among others.Left Lane Capital baked firm had demonstrated strong financial performance in FY23 as its revenue grew 146% to Rs 283 crore. The company is yet to file its audited financial results for FY24.As per data compiled by TheKredible, astro and spiritual tech startups have raised around $25 million in the past 12 months. The notable names include Ustav App, DevDham, InstaAstro, AstroTalk, Vama, and Melooha also raised decent funding during the period.