Following this, the company has announced its second ESOP buyback, benefiting 29 current and former employees
Betterhalf announced that it has crossed the benchmark of $500,000 monthly revenue. Following this, the company has announced its second ESOP buyback, which will benefit 29 current and former employees. This announcement is in continuation of the first buyback that took place in 2022.
"As we focus on building India's best professional wedding services company, 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.", says Pawan Gupta, co-founder and CEO of Betterhalf.
"We are building a robust tech-led backbone to solve wedding complexities at scale. Our vision is to revolutionize the Indian wedding industry by offering customers a selection of venues and non-venue service providers for seamless on-ground fulfilment. We're setting a new standard by standardizing services, ensuring transparency in pricing, and upholding professional service adherence." co-founder and CPTO of Betterhalf, Rahul Namdev added.
Betterhalf is a wedding and matrimony services start-up founded Pawan Gupta by in 2016. The company has raised a total funding of $14.4 million over 5 rounds. It's latest funding round was a Series A round on Mar 01, 2023 for $8.5 million.
Bengaluru-based Betterhalf has recently announced its plans to expand and hire key executives across their functions
Incepted in 2019, Betterhalf has recorded a 2x jump in annual revenue in six months