Rawal Singh ↗️’s Post

Astrotalk: A Journey from 41 Lakh to 1.8 Crore in Daily Revenue! 👉Puneet Gupta's from Not believing to creating a business worth $212 million : 👉Meet Puneet Gupta, the person behind Astrotalk. At first, he wasn't into astrology. After finishing his engineering in 2011, he went to Mumbai for a job. In 2015, he and a friend from IIT Delhi tried starting an IT company, but it didn't work out. 👉After that Puneet Gupta consulted an astrologer after the IT venture failed. The astrologer said he'd start a successful IT business, and his partner would leave. Puneet, not a believer, started the business, and it worked. His partner left, just like the astrologer predicted. 👉Then he realized that he could create a business around astrology and he started In 2017, Astrotalk began. 👉In 2023, Astrotalk had a revenue of Rs 283 crore and a profit of Rs 8 crore. This is a 146% increase from 2022 when the company had a revenue of Rs 115 crore. 👉 Astrotalk wants to make 600 crores this year and profit 100 crores. The next target for the company is to achieve a revenue of 2000 crores by 2026 through an IPO. 👉 Astrotalk's success comes from being easy to use, picking good astrologers, and teaming up with famous people. It's not all smooth; they also have trouble with spending too much to get customers and dealing with bad comments. They're also reaching out to other countries and getting 16% of their money from the US and the UK. 🌐 Astrology's Huge Opportunity : The astrology industry is worth around 58.56 billion dollars. The astrology industry has been growing fast, especially after COVID-19, and it's predicted to hit 150 billion dollars by 2024. It's a big opportunity for Astrotalk. 🌟 Small Beginnings, Big Dreams: Astro Talk's story shows that you can start small and get big. They're friendly, plan well, and make things easy for users, making them a top player in the astrology market. Feel free to follow Naresh Purohit 🇮🇳 for more insightful content. 😀 😊 Share your thoughts and learnings from Astrotalk's journey. Anmol Jain LinkedIn Guide to Creating Guide to Networking for LinkedIn Guide to Networking for LinkedIn LinkedIn News India LinkedIn #successstory #astrology #contentcreation #astrotalk #innovation #businessanalysis

beta tumhare hatho ki lakeerein bata rahi hai ki aage chalke kuchh bada karoge - an astrologer to me in my childhood 🙃 Not sure about that prediction but an astrology startup Astrotalk founded in 2017 by Puneet Gupta and Anmol Jain , now having 50 lakh users is making crores of revenue out of it. It's an app connecting advice-seekers with astrologers. They're also looking to expand in the mental wellness domain and expand internationally. Has raised $20 million in Series - A funding round. Many of you would be thinking that their users would be from Tier-2, Tier-3 cities but surprisingly it's exactly the opposite. Around 85% of users are from Tier-1 cities, aged between 18-35. Women users contribute to 57% of revenue and 17% revenue from outside of India. let's look at some data: - FY20: profitable - FY21: 65 cr revenue, 1 cr profit - FY22: 116 cr revenue, 11 cr profit - FY23: 282 cr revenue, 27 cr profit - Chat: 65% income, Calls: 35% income, livestream and online puja: 5% income - Astrologer count: 15,000 - New members spend: 200-500 per month - Customer repeat rate: 20% - Competitors: VAMA App , InstaAstro 60% queries are around relationships and marriage while 30% queries are on career or business. Celebrities like Anupriya Goenka, Virendra Sehwag, Ranbir kapoor, Shraddha Kapoor to name a few, are their brand promoters. As per experience of astrologers on these apps, many people come to just talk and not for astrology, as they feel lonely and need someone to talk to. In the next few years Mental wellness can be a big domain to work on. what's your thought on these astrology apps? #astrology #astrotalk

In 2017, Puneet Gupta, who had graduated from IIT and was working in the corporate sector, faced a difficult phase in his career. Out of curiosity and desperation, he consulted an astrologer. The astrologer's predictions were surprisingly accurate, which piqued his interest in astrology despite his initial skepticism. This Is How Astrotalk founded in 2017 by Puneet Gupta. This wasn’t the first time he had entertained the idea, but a previous attempt in 2015 had led to failure, forcing him to return to corporate employment. In terms of financial performance, Astrotalk has shown remarkable progress. For the fiscal year 2024, the company reported an annual revenue of INR 650 crore, a substantial increase from INR 282 crore in FY23. This impressive growth is further highlighted by the company's profit after tax (PAT) of INR 100 crore for FY24. The company's net worth has also surged, reaching INR 1,420 crore in FY24. As of 2024, the company boasts a valuation of $300 million, reflecting its robust market position and growth trajectory. Astrotalk's business model focuses on providing astrological services directly to consumers, a strategy that has allowed it to serve over 3 crore customers. In terms of funding, Astrotalk recently completed its Series A funding round, raising $9.5 million. This round was led by Elev8 Venture Partners, bringing the total funding raised by the company to $30.3 million. This infusion of capital is expected to further fuel Astrotalk's growth and expansion plans. Puneet Gupta's journey from a skeptic to a successful entrepreneur in the astrology sector exemplifies how personal experiences can lead to innovative business ideas. Despite facing challenges, including a dip in revenue during the COVID-19 lockdown, Astrotalk's growth has been remarkable. Today, Astrotalk continues to thrive, helping millions navigate their lives with astrological guidance. Read the full story here: https://lnkd.in/dzjc7YnT

This startup has taken the lead in India's online astrology market, securing an 80% share and boasting a revenue exceeding ₹500 crore. Puneet Gupta saw that people in India really care about astrology but there wasn't an easy way to find good astrologers online. So, he made Astrotalk to help people talk to real astrologers easily through the internet. What worked for AstroTalk? - Addressing the issue of fake astrologers with a stringent vetting process. - Pivoting to a younger, urban audience by rebranding astrology as a form of mental wellness. - They let people talk to astrologers in different ways, like chat or call, and pay only for the time they needed. Contrary to the common misconception that interest in astrology might be confined to rural India, AstroTalk's data tells a global story. Approximately 50% of AstroTalk's web traffic comes from international shores. This includes the US, UK, Canada, and Australia, places with significant Non-Resident Indian (NRI) populations. AstroTalk adopts a marketplace model akin to Uber. Where users can choose an astrologer, schedule a session, and pay based on the consultation's length. PC: Upraised

WANT TO BECOME A ASTROLOGER ? IS BEING ASTROLOGER YOUR DREAM? FINALLY YOU CAN BE A ASTROLOGER !!! I Astrologer Beemaraja Iyer am going to start taking Astrology Classes Online. Now a days there are so many ways to learn astrology from Books,Google and YouTube those who teach are guru but They are just sharing their knowledge to common public , they don't know about each person and their interests. Also you can't clarify your doubts. They are many people who tried to learn Astrology from all these above resources and couldn't do it so I will teach to all those as well as for freshers. From 0 knowledge in Astrology To a Professional Astrologer. Once I started in Television program for last 10 years many people have approached me to teach Astrology. WHY : For the past 25 years I’m in field of Astrology I have been learning , experiencing everything what i have learnt and Researching all horoscopes through all combinations.Astrology has given me life its time for me to pay back to Astrology and the society .I will not let the tricks tips and secrets i have found by Researching in Astrology go down with me .. I will share it to the world.So I am Going to Start taking these classes. TO WHOM : For those who are interested in the subject and Trust and Belief on me as you have in Astrology HOW : These won't be like ordinary theory classes explaining what is in books but instead it will be more practical with examples of real life . (Not the calculations but predictions will be thought). The teaching won't be the same format to everyone instead it will be different to each and every person according to their Interest , way of learning and skills. REMEDIES : I will not only teach predictions but also give solutions and Remedies to a problem which will be simple but effective. GOAL : To create a minimum of 100 Astrologers. And each of those 100 people can teach 100 people so my experience and Knowledge in this field will be available to all. HIGHLIGHT / SPECIAL FINDINGS / RESEARCH : 1.Will teach how to differentiate Twins horoscopes.(at the end of the course). 2.As per astrology if anyone does second marriage they say as Kalathra Dosham but Even our ancestors had done 2 marriages and In the world Some group of people can do 3 to 4 marriage which is normal for them and they won't consider this as dosham.. So is that a dosham or not ? 3.Why is the Divorce rate so high now a days? 4.Earlier only few people go to abroad but One in a family goes today Why ? 5.Child birth was not a issue in early days,people had many children but today even giving birth to a single child has become a problem Why? I will tell all these answers related to Astrology and Planets change. COURSE DURATION : Its a minimum of 6 months or Maximum 1 year course. WHEN : Online 1 hour at evening every day. Starting from April 14 2024- Chithirai 1 2024- Tamil New Year Those who are Interested can contact me through this number : 9884994508

#Young #professionals and #startup #founders in #India are increasingly turning to #astrology platforms for guidance on #career challenges, #job changes, and #fundraising plans. Astrology's popularity grows despite skepticism about its #scientific basis, reflecting the need for answers amidst #uncertainty and #anxiety.

Is Shaadi.com copying Astrotalk ? I understand that there can be astrologers to tackle marriage related questions but "growth job mein hain ya business mein ?" is a career related question. I found this in a notification that they have started an astrology service called Astrostar. If Anupam Mittal is venturing into the astrology space, it surely means there can be a boom in this sector (No other shark does better analysis of business -just a personal opinion) This is the only sector where users cannot immediately validate any prediction or result. So you don't need to worry about quality of service. Moreover there is no MRP. Astrologers can charge any amount and platforms charge almost 50%+ commissions. There is very little ops cost. It is a beautiful business model. Interestingly this Astrostar is not a separate app. It is a feature within the Shaadi app. Couldn't understand why. A separate app would have been useful for people without a Shaadi account as Astrostar is an astrology platform for all types of questions. Please take this in good humour - But I hope that Shaadi.com will not arrange the symbolic mock marriages with trees or animals or inanimate objects to remove manglik dosha of brides/grooms (called Kumbh Vivah). p.s: I want to learn astrology for side income 😁 Please note that the intent of this post is not to offend anyone. Just wrote it in good humour.

Miller, founder of Astrology Zone, confirms it: These days, all clients want to talk about is dating. They’re feeling the effects of a chaotic world and are looking for their other half to help them through it. Astrologers are used to questions about love, but this notable influx is putting them in a unique position, because when asked about how much stock people should be putting in astrology when it comes to their dating life, Nadine Jane, astrologer and author of Magic Days, has a surprising answer: “Literally zero.”

How did Astrotalk unlock the Indian market: A case study In India, the largest consumer consumption falls under ABC MARKET ( ASTROLOGY, BOLLYWOOD, CRICKET) While bollywood and cricket were already running through the masses with a well planned strategy, there was a gap in the astrology and religion market. Here is how Puneet Gupta, founder and ceo- Astrotalk changed the entire unorganised market and uncovered a missing sector. Punit himself never believed in astrology, as they say the dealer doesn't consume the drugs but tricked entire masses into believing in it, by audio-visual marketing spread to masses in a very short span. He started as a software engineer in 2011, but more financial aspirations led him to start his own business. After working for 7 months on his start-up he failed and returned back to the job market. It was at this moment, he came across a friend who was an astrologer who predicted about his next business related to IT and how it would again fail. This prediction came true when his 2nd startup FAILED within two years. After this, he reconnected to his friend and decided to unlock this unorganised market of astrology that runs from ages and holds an important part of the Indian household. He understood the tech-gap between the consumer and practicing astrologer. With jio users booming in this era, punit set his hands on to this business and took the risk. Initially he thought the target audience is older generations from rural or sub urban cities but to his surprise the largest audience were the younger generations from TIER-1 and TIER-2 cities. Astrotalk somehow was a cheap replacement of therapy and a good solution to loneliness and mentally upset youngsters having no one to talk to or enough money to visit a professional. They have audio call as well as chat services as per the need of younger generations. Today astrotalk has over 15k astrologers working with them. It works like a marketplace and earns by taking commission from the astrologers for provide the service to the customers. After the pandemic, the need for astrology increased resulting in a boon for the business. They then entered into robust marketing and introduced big faces to build more trust. The revenue of this company is increasing every year and there is no going back. Astrotalk has recently raised 78.3 Cr. They were targeting a revenue of Rs 620 cr with a profit of Rs 120 crore in the fiscal ended March 2024, Rs 283 cr in FY23,posted a net profit of Rs 27 crore in FY23, targeting a revenue of Rs 2000 cr before the end of FY26. It's a matter of debate if the company is running on capitalisation of the sentiments of uncertain career and marriage is morally correct or not. But as a business, it has done tremendously well because business is all about filling the gaps and capitalisation of the existing market, be it a market of hope or a market of uncertainty. Any correction is cordially invited. #business #casestudy #punitgupta #astrotalk