Former GlobalBees Executive Deepak Khetan Takes Helm As Astrotalk CFO

Delhi NCR-based online astrology platform AstroTalk has roped in Deepak Khetan as its chief financial officer amid preparations for an initial public offering (IPO) in the next two years.

In his new role, Khetan will oversee the startup’s financial planning, risk management, compliance and investor relations. He will also work on bolstering Astrotalk’s financial structure for the IPO, while also supporting strategic investments, international growth and sustained growth.

“As we are scaling and launching in new geographies, our finances have also started becoming more complex. We wanted a strong leader with a good pedigree and experience who could handle our finances with airtight compliance,” said Puneet Gupta, founder and chief executive of Astrotalk. 

Throughout his career, Khetan has served in senior leadership roles at GLS Group India, GlobalBees, YES Bank, ICICI Bank, Edelweiss Financial Services Limited and Gulf Islamic Investment (GII).

Prior to this, he was the group CFO of GLS Group India for a short time. Previously, Khetan was the CFO and corporate development head at GlobalBees for two years, as per his LinkedIn profile. 

“Preparing for an IPO is like preparing for a marathon, it requires precision, strategy, and the right team. I look forward to building the financial discipline and systems that will support the company’s ambitions for years to come,” said Khetan. 

Founded in 2017 by Puneet Gupta and Anmol Jain, Astrotalk earns revenue by levying a fee on customers for consultations offered by astrologers on its platform. In September last year, Astrotalk also forayed into the spiritual ecommerce segment to shore up its revenue.

Astrotalk Riding The Wave Of India’s Growing Astrology Market

Astrotalk is in talks to raise its Series B funding round at a unicorn valuation, Inc42 reported last month. The startup is targeting a fundraise of $50 Mn in the round, sources told the publication

“The startup is in active discussions with several investors and looking to raise the funding at a valuation of around $1.3 Bn to $1.5 Bn,” one of the sources had said. The new valuation would be a 4X-5X jump from its previous valuation of around $300 Mn.

As per sources, Astrotalk reported a revenue of INR 1,200 Cr in FY25, almost double of INR 651 Cr in the previous fiscal year. Net profit surged 2.5X to INR 250 Cr from INR 100 Cr in FY24.

In March, Astrotalk appointed Damandeep Singh Soni as the CBO of its ecommerce venture, Astrotalk Store. Prior to that, the startup appointed former Google executive Siddharth Prakash Singh as its first CTO. 

It last raised $34 Mn in its Series A funding round from Elev8 Ventures, Left Lane Capital and QED Innovation Labs, among others. Overall, it has raised a total funding of more than $34 Mn to date.

In the spiritualtech space, it competes with the likes of Astroyogi, InstaAstro and Shaadi.com’s AstroChat, among others. 

Globally, the spiritual products and services market is projected to reach $249 Bn by 2032, as per Business Research Insights. In India alone, the religious and spiritual market reached $58.6 Bn in 2024 and is growing at a CAGR of 10%. It is expected to surpass $151.9 Bn by 2034, according to expert market research.