Astrotalk Appoints Deepak Khetan as CFO Ahead of IPO
In a significant move that signals its readiness for an initial public offering (IPO), Noida-based astrology platform Astrotalk has appointed finance veteran Deepak Khetan as its new Chief Financial Officer (CFO). Khetan’s appointment is expected to boost the company’s compliance, strategy, and international growth, as Astrotalk prepares to take the next step in its journey.
Astrotalk, which has been gaining traction in the Indian astrology market, has seen significant growth in recent years. In the fiscal year 2024, the company reported a revenue of ₹651 crore, marking a tenfold increase in profit. The startup is now aiming for a ₹1,600 crore run-rate and plans to expand its presence globally.
Deepak Khetan, a seasoned finance professional with over two decades of experience, has previously worked with companies such as Vodafone and Bharti Airtel. His appointment as CFO is seen as a strategic move by Astrotalk to strengthen its leadership team and prepare for the challenges of being a publicly listed company.
Khetan’s expertise in finance and strategy will be instrumental in helping Astrotalk navigate the complexities of compliance and regulatory requirements, which will be crucial as the company prepares for an IPO. His leadership will also be vital in driving the company’s international growth plans, as Astrotalk looks to expand its presence in new markets.
Astrotalk’s decision to appoint Khetan as CFO is seen as a vote of confidence in the company’s growth prospects. The appointment is also a testament to the startup’s commitment to building a strong and experienced leadership team.
Founded in 2015, Astrotalk has established itself as a leading astrology platform in India, offering a range of services including personalized horoscopes, tarot readings, and astrology-based advice. The company has seen rapid growth in recent years, driven by increasing demand for online astrology services and the growing popularity of the online platform.
Astrotalk’s growth has been fueled by its user-friendly interface, accurate predictions, and a team of experienced astrologers. The company has also invested heavily in technology, developing a proprietary algorithm that uses AI and machine learning to provide personalized predictions.
The appointment of Deepak Khetan as CFO is seen as a significant milestone in Astrotalk’s journey. The company’s growth prospects are expected to be boosted by Khetan’s leadership, as Astrotalk prepares to take the next step in its journey.
In conclusion, Astrotalk’s appointment of Deepak Khetan as CFO is a significant development that signals the company’s readiness for an IPO. Khetan’s expertise in finance and strategy will be instrumental in driving the company’s growth and expansion plans, as Astrotalk looks to establish itself as a leading player in the global astrology market.
Source: https://ascendants.in/business-stories/astrotalk-strengthens-leadership-with-new-cfo-appointment/
