Betterhalf, a matrimony app for urban Indians raises $8.5M Series A funding from FinSight Ventures (Ex Bumble investor) & 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 & CEO of Khatabook also participated.
Incepted in 2019, Betterhalf is experiencing significant growth in various services such as online matchmaking, full-stack tech-enabled wedding planning, and astrology services as “AstroZodiac”.
The company claims that it business growth with a 2X jump in annual revenue in just six months. It has seen a 17% MoM growth, recording $2.5 Mn annualized revenue.
Pawan Gupta, Co-founder and CEO of Betterhalf said, “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 & full stack tech-enabled wedding services will drive our next set of growth & 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 a incredible super app experience”.
Highly driven by technology, Betterhalf is recognised as India’s first and only matrimony app which helps urban Indians choose their life partner. The platform is renowned for inventing the world’s fastest matching US-patented technology (US Patent No. 16/777,773) that connects users with matching profiles in one click.