Betterhalf, the first marriage-focused app in India, has raised $8.5 million in a Series A funding round. FinSight Ventures (formerly an investor in Bumble), marquee investors like Mike Krieger, co-founder of Instagram, and Arash Ferdowsi, co-founder of Dropbox, were among the key investors to the funding round.
Other key investors who participated in Series A Funding Round were 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.
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The Series A funding round will help them become better and better. At Betterhalf, they’ve always believed in the power of technology, and that’s how they have become India’s New Age Matrimony App.
Talking about the Series A funding, Pawan Gupta, Co-founder and CEO of Betterhalf said, “It is through our continued growth momentum across all categories that Betterhalf has achieved impressive growth in the market. Our razor focus on becoming the super app of matrimony & full stack tech-enabled wedding services will drive our next set of growth & I 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.”
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After raising $3Million as part of its Pre-Series A funding round in March 2022, they’ve seen immense growth in the last 12 months. Completing its Series A round in current times is a testament to the hard work we’ve put in day in and day out.
Talking about the partnership decision with Betterhalf in our growth journey, Alexey Garyunov, General Partner, FinSight Venture, said, “Betterhalf represents a breakthrough technology in matrimony space. The platform knows how to leverage technology to its ability in solving large problems & build robust solutions for scale, especially full-stack tech-enabled wedding services makes us immensely confident. The LTV of Betterhalf is extremely high, something that we have not seen in the western world in this space. We look forward to partnering with Betterhalf in their continued growth and winning journey”
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Betterhalf is India’s first artificial intelligence (AI) matchmaking matrimony app, and it enables users to find suitable partners without the involvement of their parents. Its purpose is to provide a protected environment in which young professionals can locate partners who are a good match for them.