Exclusive: Astrotalk Joins Unicorn Club After ESOP Buyback At $1 Bn Valuation
India, Aug. 12 -- Delhi NCR-based astrology platform Astrotalk has joined India's unicorn club after conducting an ESOP buyback at a valuation of $1 Bn, sources told Inc42.
More than 100 employees sold shares in the buyback, the sources added. With this, Astrotalk has become the country's 133rd unicorn.
Astrotalk confirmed the ESOP exercise and the valuation to Inc42. However, it did not disclose the size of the buyback or the number of shares repurchased.
The development comes as Astrotalk claims to have crossed an annual revenue run rate (ARR) of Rs.2,500 Cr, driven by the growth of its core astrology-consultation platform and its expansion into spiritual ecommerce.
Founded in 2017 by Puneet Gupta and Anmol Jain, Astrotalk earns rev...
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