Betterhalf (YC W21)

Betterhalf is India's first and only matrimony super app without parents

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Security Type
CAFES
Categories
Technology, Community & Lifestyle
Min Investment
$100
Location
Delaware, DE
Expected Close Date
July 29, 2023
Target Raise
$50.00K-$700.00K
No. Investors
184
Security Price
$1
Website
betterhalf.ai
Number of Employees
0
Cash
$1,434,535
Revenue
$787,306
Short Term Debt
$104,492
Cost of Goods
$0
Long Term Debt
$16,217
Net Income
$-1,519,858

Key Deal Facts

🔥 300% user growth in 9 months; 1M MAU
📈 Revenue grew 215% in 6 months; $2.5M Annualized Revenue
💓 100M messages, 5M matches, 10,000 marriages
💏 Non-matchmaking segments constitute 1/3rd of gross revenues
🌆 We are operating profitably in 20 tier 1 cities of India
💸We’ll believe we'll hit $100M Gross Annualized Revenue in 48 months

Management Team / Advisory Board Bios

Pawan Gupta Cofounder & CEOAlumni, MIT Sloan. Cofounded an Ed Tech company before and led to profitability. Built and grew different consumer products for 4 years., Rahul Namdev Cofounder & CTOAlumni, MIT CSAIL. Recipient of Touch of Genius Prize for Innovation April 2015. Full stack machine learning engineer and shipped many applications.
Amount Raised : $180,522
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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