Betterhalf
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.
Investment Overview
Invested : $195,807
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/27/2023
- Close Date
- 06/30/2023
$50,000
$700,000
$100
SAFE
Growth Stage
RegCF
$50,000,000
0%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +66% YoY
-
$787,306
as of FY2022
- Monthly Burn
-
$126,655
as of FY2022
-
Runway
-
11.3 months
as of FY2022
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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 |