Astro tech Startup, Astrotalk, appoints Anmol Jain as the new Co-founder
Delhi, 30th October 2023: Astrotalk, India’s profitable bootstrapped startup that is taking astrology global, has announced the elevation of Anmol Jain to Co-founder from being the company’s Chief Business Officer. In his new role, Anmol will handle the company’s product, finance and operations and will be responsible for expanding overseas, strategic acquisitions and team expansion.
Prior to Astrotalk, Anmol has worked with consumer tech companies like INDMoney and WishFIN in leadership positions across product and business growth. An alum of IIT-Delhi and IIM-Calcutta, Anmol joined Astrotalk in 2021 as the Chief Business Officer. Under his leadership, the company has onboarded the best astrologers, tripled team size from 50 to 180 and optimised costs on tech infrastructure. Additionally, Anmol’s experience has helped increase the monthly transacting user base from 50,000 to 500,000, a 10X growth, while also improving the marketing funnel, resulting in 6X revenue growth and EBITDA of 19%.
Founded in 2017, Astrotalk is a bootstrapped, full-stack tech company that is taking astrology global. The company is profitable, and notably so without any external capital. Astrotalk takes pride in being an employee-first company which offers ESOPs to all its employees regardless of their designation and tenure. The senior management of the company consists of industry leaders who come from the top colleges of the country, including IITs and IIMs.
Puneet Gupta, Founder and CEO, Astrotalk, commented, “Our greatest moat is our core team that has believed in Astrotalk’s vision from day one. One of them is Anmol and I’m delighted to welcome him as our Co-founder. In the last two years, Anmol has helped improve our customer engagement, grow revenue by 6x, scale at a 100% y-o-y rate and all this while being profitable. With Anmol’s solid experience, I am excited to see how our growth journey unfolds.”
Adding to this, Anmol Jain, Co-founder, Astrotalk, said, “As I take on the role of Co-founder at Astrotalk, my commitment still remains from what it was at day one: growth. We are the fastest-growing startup, and our culture is built on high-performance, high-reward. Excited for new beginnings and to put Astrotalk’s mark on the world.”
Astrotalk is the category leader in the online astrology segment, with over 80% market share. The company is continuously expanding into international markets, including Canada, US, NZ, EU, etc. and foresees 100% growth in these areas. Furthermore, the company is also planning an ESOP buyback in the next 3-6 months, along with a tentative IPO in 2025-26.
About Astrotalk
Astrology is ingrained in India’s DNA, and Astrotalk is India’s #1 astrology platform that is taking India’s vedic sciences global. Founded in 2017, Astrotalk has democratized the otherwise unorganized astrology market by bridging the gap between consultant astrologers and users who believe in astrology. With over 15,000 astrologers and 3 core active customers, Astrotalk is the largest in online astrology. Contrary to traditional astrology, Astrotalk has made it time-efficient, affordable and accessible with its user-friendly platform. With a 100% year-on-year revenue growth in the last three years, Astrotalk is one of the most profitable startups in India’s startup ecosystem.
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