“We are looking for investment.” £50-100 Crore for this new subsidiary of a company that focuses on helping people do pooja online or at home, ”said the founder of PUNEET GUPTA in an interview.
Astrotalk, which offers online astrology, is preparing for the initial public offer (IPO) in the calendar year 2027.
The company already claims to earn £6 CRORE in monthly income from online pooy, driven by recommendations for the oral word from partner astrologer-head scientists in temples.
Customers will have the opportunity to perform an online ritual – for example, Puja – at home or in the temple.
The decision to create a subsidiary for devotion is based on the differentiation of the Indian customer.
“We haven’t seen success in Indian companies that do 10 different things. Indians need a different brand, but we make sure it says” Astrotalk “, so it gives users confidence that they are associated with our brand,” Gupta said.
Astrotalk has no fixed timeline, when the business will be devoted, but launched the recruitment process for the team manager. While one person moves internally, the other two were offered roles for devoted business. The company expects the team to be completed by September.
“The management is the first, the product is second, because once we start talking to people, we realize what they want. Now I can say 10 things, but it couldn’t make sense unless the customer was sure,” Gupta said.
“We already have.” £700 Crore in the bank and we are currently receiving funds of $ 50 million (around £434 crore). The company will have enough money on the line to accept these calls. ”
The main focus on the new store is to connect with large known temples and offer customers the opportunity to offer prayers to the deities, instead of those in their homes or to those provided by their astrologers.
“We want to have different temples that specialize in different things, so customers have options,” Gupta said.
Astrotalk also wants to sell worship and direct people into certain temples based on where they would like to donate or offer prayers. “We will create the whole ecosystem for the temple in that anything is associated with him, we will do it for consumers,” Gupta said. “We are looking for as many temples as possible.”
Finally, the company hopes that it will also be able to set live currents in temples to allow consumers to communicate without having to be there personally.
Astrotalk revenue has more than doubled £651 crore in fy24 from £283 crore in FY23. Profits also increased, more than 12 times £100 crore in FY24, of £8 Crore in FY23, according to Tofler data. While the FY25 number of the company has not yet been published, Gupta said that Astrotalk’s annual revenue is currently standing on £1650 crore. It focuses on ARR £2,000 crore by the end of FY26.
The Astrotalkovo playground is ambitious, given that there are thousands of temples attracting millions of devotees in India. In 2024 alone, Badrinath and Kedarnath Dhams visited more than three million people, according to the official statement of the Shri Badrinath-Kedarnath temple committee.
At the beginning of this year, it was estimated that Maha Kumbh had a $ 30 billion in the Uttar Pradesh, according to research. On the first day, the number of people visited Badrinath and Kedarnath Dhams, coming to six million.
Fundraising to set benchmarks
Currently, the company is in the process of raising $ 50 million in the unicorn valuation, where the startup is appreciated for more than $ 1 billion. “In this round, we bring investors in the public market that could help anchor IPO,” Gupta said, explaining that the company was not calling the latest Fundraise bike in front of the IPO.
Astrotalk plans to file an IPO at the beginning of the calendar year 2027. If the company’s list was successfully, it will be the first in the Faith-Tech space.
According to the Market Intelligence platform, Tracxn is getting the power of Faith-Tech in India.
The closest competitor of the company is Appsforbharat, which won $ 20 million in the C series led by the risk capital Susquehanna Asia with the participation of Fundamentum Nandan Nilekani, Elevation Capital and Peak XV Partners. Appsforbharat is currently awarded $ 175 million.
Ongoing Fund-Raise is a combination of primary and secondary rounds, with new investors connecting to the CAP table. However, Astrotalk refused to name new investors.
In fact, the company said its first investors are not willing to dilute too much of their own capital in the new round. “No one wants to end fully and I showed that I will not dilute my shares myself, everyone will have to do a little,” Gupta said.
Astrotalk is currently supported by Elect8 Venture Partners, New York based in Left Lane Capital and Qed Innovation Labs.
Overall, the company has received a total of $ 30 million and its last round of financing in 2024 was awarded at $ 300 million. The latest fundraise will appreciate over 3 times its current values. “We don’t really need money right now, we’re doing it to compare the awards and bring good people to board,” Gupta says.
(Tagstotranslate) Astrotalk
