Astrology & Hope Sells Like Hotcakes in India - AstroTalk Profit Zooms 100 Crores in FY24
AstroTalk is a wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital platform for astrological consulting that uses online and mobile apps to link people with qualified astrologers. In FY24, its revenue from outside nations (export) increased 4.2X to Rs 121.44 crore, while its income from india increased 2X to Rs 529.6 crore.
The company's overall revenue in FY24 was Rs 659 crore, which included an extra Rs 8 crore from interest in addition to operational income.
Despite a number of obstacles, astrological and spiritual tech businesses managed to get significant finance. Startups in this industry, including AstroTalk, Vama, Ustav App, DevDham, InstaAstro, and Melooha, have raised about $60 million in the last 15 months, according to data from TheKredible. In two rounds this year, Puneet Gupta's AstroTalk alone raised $34 million.