Get All Access for $5/mo

Betterhalf Raises $8.5 Million In Series A Funding Round Incepted in 2019, Betterhalf has claimed to be recorded exceptional business growth with 2 times jump in annual revenue in 6 months

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Betterhalf, marriage super app for urban, has raised $8.5 million in Series A unding round participated by FinSight Ventures (ex-Bumble investor) and other marquee investors including Mike Krieger, (co-founder of Instagram), Arash Ferdowsi, (co-founder of Dropbox) and many others. The other key investors, including Rebel Fund, Nurture Ventures, Leonis Investissement, Derek Callow (ex-CMO of Bumble), Scott Belsky (founder of Behance), Brendan O'Driscoll (ex-product head of Spotify), Manik Gupta (ex-CPO of Uber), Punit Soni (ex-CPO of Flipkart) and Ravish Naresh (co-founder and CEO of Khatabook) also invested in the round.

"It is our continued growth momentum across our offering is that Betterhalf's achieved its impressive growth in the market. Our razor focus in becoming the super app of matrimony and full stack tech-enabled wedding services will drive our next set of growth and would like to thank all our investors for being part of our growth journey. With positive cash flow and a super entrepreneurial styled team, we are poised to give an incredible super app experience," said Pawan Gupta, co-founder and CEO of Betterhalf.

Incepted in 2019, Betterhalf has recorded exceptional business growth with a 2 times jump in annual revenue in 6 months. As part of the record-high growth, Betterhalf has seen a 17% M-o-M growth; recording $2.5 million annualized revenue. The growth is further fuelled by a 3 times surge in the overall number of users in 9 months. The platform has also achieved more than 1 million users monthly active, claimed by the company in a statement.

"Betterhalf represents a breakthrough technology in matrimony space. The platform knows how to leverage technology to its ability in breaking the large problem and build robust solutions for scale especially full-stack tech-enabled wedding services makes us immensely confident. We look forward to partnering with Betterhalf in their continued growth and winning journey" Alexey Garyunov, general partner, FinSight Ventures.

Highly driven by technology, Betterhalf is claimed to be recognized as India's first and only matrimony app which helps urban Indians choose their life partner.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Science & Technology

Why Businesses Are Relying on Automation to Survive the Labor Crisis

Robots are revolutionizing industries by addressing labor shortages and enhancing efficiency, while businesses navigate challenges like workforce adaptation and high implementation costs.