Betterhalf
Growth Stage
Betterhalf is India’s first and only matrimony app without parents
Overview
Raised: $195,807
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/26/2023
Close Date
06/30/2023
Min. Goal
$50,000
Max. Goal
$700,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$50,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,592
# of Investors
209
Momentum
Funded
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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
| 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 |
Financials as of: 02/26/2023
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