Astrotalk, the best astrology website for online Astrology predictions has secured $20 Million in Series A Funding round from led by Left Lane Capital, Left Lane is a leading global venture capital firm investing in high-growth internet and consumer companies.
The funding will be used by Astrotalk to make strategic acquisitions that will help it enter new foreign markets, establish new business verticals, and appoint top leadership positions. The firm intends to utilize the funds received to enhance its product offerings and local its business in South India, which offers a substantial market opportunity.
“Astrotalk is a ‘Made in India, Built for the World’ company, eyeing expansion across the US, Canada, UK & Middle East. One-on-one consultations stand to be approximately 95% of our revenue with about 20% of the revenues coming from outside of India,” said Puneet Gupta, founder and CEO of Astrotalk. “Our aim is to take India’s ancient Vedic sciences across the globe, and our partnership with Left Lane marks the beginning of this journey.”
“Left Lane’s investment in Astrotalk is emblematic of our core DNA in backing category-defining consumer internet companies with global ambitions. We believe that Puneet and Anmol are perfectly positioned to capture the massive astrology and devotion market, which is a common practice in India and deeply embedded into the culture. Astrotalk grew, in a bootstrapped fashion, to the undisputed local market leader for digital astrology practice in India, the birthplace of the practice; we are highly confident in their abilities to achieve similar success on a global playing field,” said Harley Miller, CEO and Managing Partner, Left Lane Capital.
“The team has continued to relentlessly execute with minimal external funding. By hiring top-tier talent, launching new initiatives and doubling down on global expansion, Astrotalk can become a household brand,” said Arjun Kapur, investor at Left Lane Capital.
Founded in 2017 by Puneet Gupta and Anmol Jain, From Kundli matching to Kundli predictions, on Astrotalk, the visitor is to get the best future predictions across aspects like Marriage, Love, Career or Health and more. Astrotalk brings together astrologers and their boundless knowledge about the occult science of Astrology on one platform and lets you connect with them 24*7.