Betterhalf

Growth Stage

Betterhalf is India’s first and only matrimony app without parents

Overview

Raised to Date: Raised: $38,125

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/27/2023

Close Date

07/29/2023

Min. Goal

$50,000

Max. Goal

$700,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$50,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

124

% of Min. Goal

76%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,362

Momentum
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Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

EnterpriseTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Dover, Delaware

Business Type

Growth

Betterhalf, with a valuation of $50 million, is raising funds on Wefunder. It is a new-age Indian matrimony app without parents. The app has integrated three phases of marriage, including matchmaking, courtship, and wedding services, on a single platform and has no direct competitor. Betterhalf has facilitated five million matches and 10,000 marriages and reported a user growth of 300% in nine months. Pawan Gupta and Rahul Namdev founded Betterhalf in August 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $700,000. The campaign proceeds will be used for product development, marketing, marketplace building, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$787,306

$265,659

COGS

$0

$0

Tax

$17

$0

 

 

Net Income

$-1,519,858

$-665,744

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,434,535

$1,657,938

Accounts Receivable

$71,042

$32,795

Total Assets

$2,214,750

$1,738,291

Short-Term Debt

$104,492

$29,705

Long-Term Debt

$16,217

$6,121

Total Liabilities

$120,709

$35,826

Financials as of: 02/27/2023
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Betterhalf on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $50,000,000

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