Matrimony startup Betterhalf has announced second ESOP buyback program for its employees

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Wedding and matrimony startup Betterhalf has announced its second ESOP buyback program, benefitting 29 current and former employees. The development comes on the heels of the company making a monthly revenue of $500,000 or Rs 4.15 crore.

Founded in 2019 by Pawan Gupta and Rahul Namdev, Betterhalf.ai operates a marriage super app that offers a full stack of tech-enabled wedding services like photography, venue booking, mehendi, DJ, etc.

The startup’s ‘AstroZodiac’ app allows people to talk to astrologers and get solutions for all life problems.

Betterhalf is backed by Instagram Co-founder

Earlier this year, in March, Betterhalf.ai raised $8.5 million in a Series A funding round led by FinSight Ventures (Ex Bumble investor), Mike Krieger, Co-founder of Instagram, and Arash Ferdowsi, Co-Founder of Dropbox.

According to Fintrackr, More than 80 startups have bought back ESOPs worth $1.45 billion from January 2020 to July 2023.

“We encourage an entrepreneurial work style among all our employees, providing them with ownership for their respective work areas, which has led to almost zero attrition. And this year’s ESOP buyback is a testimony to these efforts,” said Pawan Gupta, Co-founder and CEO of Betterhalf.

The startup claims to have a network of 300,000 partners on its platform, including 750 venue partners in Bengaluru.

($1 = INR 83.06)

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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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Matrimony startup Betterhalf has announced second ESOP buyback program for its employees

Wedding and matrimony startup Betterhalf has announced its second ESOP buyback program, benefitting 29 current and former employees. The development comes on the heels of the company making a monthly revenue of $500,000 or Rs 4.15 crore.

Founded in 2019 by Pawan Gupta and Rahul Namdev, Betterhalf.ai operates a marriage super app that offers a full stack of tech-enabled wedding services like photography, venue booking, mehendi, DJ, etc.

The startup’s ‘AstroZodiac’ app allows people to talk to astrologers and get solutions for all life problems.

Betterhalf is backed by Instagram Co-founder

Earlier this year, in March, Betterhalf.ai raised $8.5 million in a Series A funding round led by FinSight Ventures (Ex Bumble investor), Mike Krieger, Co-founder of Instagram, and Arash Ferdowsi, Co-Founder of Dropbox.

According to Fintrackr, More than 80 startups have bought back ESOPs worth $1.45 billion from January 2020 to July 2023.

“We encourage an entrepreneurial work style among all our employees, providing them with ownership for their respective work areas, which has led to almost zero attrition. And this year’s ESOP buyback is a testimony to these efforts,” said Pawan Gupta, Co-founder and CEO of Betterhalf.

The startup claims to have a network of 300,000 partners on its platform, including 750 venue partners in Bengaluru.

($1 = INR 83.06)

Also Read:

CleverTap partners with premium streaming service OSN+ to hyper-personalised communication

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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