Betterhalf

Growth Stage
Betterhalf is India’s first and only matrimony app without parents
Overview
Raised: $38,125
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
124
% of Min. Goal
76%
% of Max. Goal
5%
Likelihood of Max
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
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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