Betterhalf

Betterhalf

Closed: Jun. 2023

About this raise

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.

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Investment Overview

Invested this round: $195,807

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/27/2023
Close Date
06/30/2023
Min. Goal
$50,000
Max Goal
$700,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$50,000,000

Discount

0%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Pawan Gupta
Title
CEO
Founder Name
Rahul Namdev
Title
CTO

Financials

 Revenue +66% YoY
$787,306
as of FY2022
 Monthly Burn
$126,655
as of FY2022
 Runway
11.3 months
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$787,306

$265,659

COGS

$0

$0

Tax

$17

$0

 

 

Net Income

$-1,519,858

$-665,744

Summary Balance Sheet

FY 2022 FY 2021

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/30/2023 Wefunder $50,000,000 $195,807 SAFE Funded RegCF
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Add to portfolio
Betterhalf on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $50,000,000

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Warning: according to the close date for this deal, Betterhalf may no longer be accepting investments.

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