StartupSuperb

Tag: Unicorn

  • AstroTalk Aims for Unicorn Status in Upcoming Funding Round

    AstroTalk Aims for Unicorn Status in Upcoming Funding Round


    AstroTalk’s New Funding Round and IPO Prospects

    AstroTalk, a platform dedicated to astrology, is currently in the midst of negotiations to secure a new funding round estimated between $50-100 million, as reported by three informed sources. This new round of funding discussions comes after a 12-month hiatus for the Noida-based company.

    One source, who requested anonymity, mentioned that the conversations are progressing with various investors, including some existing financial backers. It is anticipated that this funding round will mark the final stage before the company submits its Draft Red Herring Prospectus (DRHP) for a public listing within the next six months.

    Sources indicate that AstroTalk aims to initiate its IPO process in just a few months.

    AstroTalk successfully concluded a $14 million funding round in June of the previous year. Thus far, the company has raised a total of $34 million from investors including Left Lane and Elev8 Capital.

    According to another source, who chose to remain anonymous due to the confidentiality of the discussions, AstroTalk is aiming for a valuation between $1.3 and $1.5 billion in the upcoming funding round, which is expected to be finalised in the coming months. This represents a significant increase from its previous valuation of $300 million.

    If AstroTalk achieves this valuation, it will join the ranks of Jumbotail, Drools, Porter, Netradyne, and Juspay, all of which have become unicorns in the current calendar year (2025).

    For those unfamiliar, AstroTalk is an online platform that allows users to consult with professional astrologers via the internet, phone calls, and chat. The platform boasts a network of 45,634 professionals, including astrologers, tarot readers, numerologists, and Vastu experts, and offers personalised predictions and guidance across various domains such as marriage, relationships, career, health, and more.

    Under the leadership of Puneet Gupta, the company has demonstrated robust growth over the past two fiscal years. An internal document reviewed by Startup Superb revealed that AstroTalk concluded FY25 with revenues amounting to Rs 1,182 crore and profits exceeding Rs 250 crore. This follows a notable increase in FY24, where they reported revenues of Rs 651 crore and profits of Rs 100 crore.

    AstroTalk opted not to comment on this matter.

    Recently, AstroTalk expanded its offerings by launching a direct-to-consumer (D2C) vertical that focuses on spiritual and wellness products. This includes services such as puja bookings, gemstones, and astrological remedies. Co-founder Anmol Jain stated that the D2C sector is expected to contribute 25-30% of total revenue while upholding profitability.

    The planned IPO is timely, as profitable consumer-tech startups are experiencing renewed interest from investors. If successful, AstroTalk will become the first venture-funded entity in the online astrology sector to enter the public market. The company continues to face competition from established platforms like Astrosage, Astroyogi, GaneshaSpeaks, and InstraAstro.

  • Jumbotail Achieves Unicorn Status with 0 Million Series D Funding

    Jumbotail Achieves Unicorn Status with $120 Million Series D Funding



    Jumbotail Secures $120 Million Funding for B2B Marketplace Expansion

    Jumbotail Secures $120 Million Funding for B2B Marketplace Expansion

    Jumbotail, a leading B2B marketplace and innovative retail platform for food and groceries, has successfully raised $120 million in a funding round led by SC Ventures, the investment and innovation division of Standard Chartered Plc. Existing investors, such as Artal Asia, also contributed to this funding round, bringing Jumbotail’s total capital raised to $263 million, as stated in a press release from Startup Superb.

    Additionally, Jumbotail’s board has resolved to raise Rs 734 crore, equivalent to $87 million. Analysis from Startup Superb indicates that the Standard Chartered Group will hold an 8.12% stake following their investment of $81.6 million, while existing investor Artal Asia will possess 15.15% after infusing $5.1 million. This shareholding structure may alter once the funding round is complete.

    Based on the latest investment, Startup Superb estimates the valuation of Jumbotail to be approximately $950 million and anticipates it will exceed $1 billion after securing the entire $120 million. Jumbotail has chosen not to comment on its valuation at this time.

    This announcement follows Jumbotail’s recent acquisition of Solv India, details of which have not been disclosed. The acquisition has received the necessary approval from the Competition Commission of India.

    Established in 2015, Jumbotail operates an online wholesale marketplace that offers product distribution alongside a range of ancillary services for sellers and buyers. Conversely, Solv addresses the varied commerce and fintech needs of small retailers (kiranas) and MSMEs across India.

    According to Ashish Jhina, co-founder and COO of Jumbotail, this marks a pivotal moment in their journey. Together with Solv, they are now positioned to assist thousands of brands and MSME sellers in reaching over 500,000 small retailers across more than 400 towns and cities in India.

    Although Jumbotail has not yet published its financials for FY24 and FY25, its revenue from operations surged by 2.17X to Rs 819 crore in FY23. Nevertheless, losses more than doubled, reaching Rs 264 crore in the same fiscal year.