ENA Sectors 2024-06-05 15:27:24 <p><span style="font-size:14px"><strong>New Delhi, Jun 5 (KNN)</strong> Astrotalk has raised USD 14 million in a new funding round led by Elev8 Venture Partners, a USD 200 million growth-stage fund. Elev8 contributed USD 7 million, with the remainder coming from a mix of primary and secondary investments.</span></p> <p><span style="font-size:14px"> Puneet and Anmol have done an extraordinary job rapidly building a substantial organisation in a short period, said Navin Honagudi, Managing Director and Founding General Partner, Elev8 Venture Partners.</span></p> <p><span style="font-size:14px">He mentioned, We firmly believe there is significant growth potential left for the company to create a high-growth, sustainable business in this unique sector. </span></p> <p><span style="font-size:14px">Founded in 2017 by Anmol Jain and Puneet Gupta, Astrotalk provides online astrology consultations, vastu services, tarot readings, and puja ceremonies facilitated through its platform of over 20,000 astrologers.</span></p> <p><span style="font-size:14px">The company reports having over 4.5 million active users and 750,000 monthly transacting users.</span></p> <p><span style="font-size:14px">In addition to its core services, Astrotalk plans to expand into selling vedic products like gemstones and crystals certified for astrological purposes.</span></p> <p><span style="font-size:14px"> With Elev8's support as a domestic institution backing our journey and vision, we are advancing growth plans for Astrotalk to become a global category leader, said co-founder Puneet Gupta.</span></p> <p><span style="font-size:14px">Backed by South Korea's KB Investment, Elev8 Venture Partners invests in B2B SaaS, enterprise tech, consumer tech, fintech, and healthcare start-ups positioned for international expansion.</span></p> <p><span style="font-size:14px">Consultancy Redseer estimates India's online astrology market could grow from USD 102-106 million in fiscal 2024 to USD 930 million-USD 1.07 billion by fiscal 2030.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38083 https://knnindia.co.in/news/newsdetails/sectors/spiritual-tech-start-up-astrotalk-secures-usd-14-mn-from-elev8-venture-partners 2024-06-05 15:27:24 knnindia.co.in