Astrotalk Joins Unicorn Club After Reaching $1 Billion Valuation
Astrology platform Astrotalk has achieved a $1 billion valuation following an employee stock ownership plan (ESOP) buyback. The company becomes India's 133rd unicorn.
Delhi NCR-based astrology platform Astrotalk has entered India's unicorn club after completing an ESOP buyback at a valuation of $1 billion, sources confirmed to Inc42. The company subsequently confirmed the ESOP exercise and valuation.
More than 100 employees participated in the buyback, selling shares and contributing to the company's valuation milestone. Astrotalk is now recognized as India's 133rd unicorn.
The valuation follows Astrotalk's claim of crossing an annual revenue run rate (ARR) of INR 2,500 crore. This growth is attributed to its core astrology consultation services and expansion into spiritual e-commerce.
Founded in 2017, Astrotalk also operates an e-commerce arm, Astrotalk Store, selling spiritual products. This segment reportedly generated over INR 140 crore in operating revenue in its first year and has reached an ARR of INR 300 crore. The company plans further expansion for its e-commerce business, including international launch in the US and potential offline retail outlets.