Astrology start-up Astrotalk's potential $100-120 million investment from India-focussed hedge fund Hornbill Capital has reportedly fallen through. The hedge fund was set to invest at a $1-1.2 billion valuation, tripling Astrotalk's worth from $300 million in under two years. The deal was called off due to NSFW (not safe for work) content found during due diligence and valuation differences.
short by
Anmol Sharma /
09:01 pm on
09 Oct