VC Fund Investments
Astrotalk raises Rs 78-Cr more from Left Lane Capital and Elev8 Capital
Noida-based online astrology platform Astrotalk has raised INR 78.3 crore (USD 9.5 million) in an extended Series A funding round from its existing investors Left Lane Capital and Elev8 Capital.The company has issued 5,067 compulsory convertible preference shares to raise INR 78.3 Cr. Astrotalk has already received INR 58 Cr from Left Lane.Astrotalk, founded by Puneet Gupta and Anmol Jain in 2017, provides one-on-one service to its users. 90% of Astrotalk’s revenue comes from these consultations, where users pay per minute to talk to astrologers.Earlier this year, the company raised USD 20 million in its Series A funding round from Left Lane Capital. It has reported revenue of INR 282 Cr with a profit of INR 27 Cr in the last fiscal year.
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