About BetterInvest
BetterInvest is a company based in Chennai (India) founded in 2021 by Sriram Anax, Sedhumanikandan, and Pradeep Somu.. BetterInvest has raised $1.19 million across 3 funding rounds from investors including SVF Entertainment, Isha Homes and Techindia. BetterInvest offers products and services including Funding Platform, Investor Portal, and Creator Onboarding. BetterInvest operates in a competitive market with competitors including FundMedia, Cinestox, PayTamasha, BLOX OFFICE and RCR BIOSCOPES, among others.
- Headquarter Chennai, India
- Founders Sriram Anax, Sedhumanikandan, Pradeep Somu
- Stage Minicorn
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Sectors
Media & EntertainmentTechnology Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Betterinvest Finadvisors Private Limited
- Date of Incorporation 09 Jul, 2020
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$40.49 K (USD)0as on Mar 31, 2023
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Net Profit
$-254.31 K (USD)-1408.89as on Mar 31, 2023
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EBITDA
$-250.42 K (USD)-1414.59as on Mar 31, 2023
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Total Equity Funding
$1.19 M (USD)
in 3 rounds
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Latest Funding Round
$168.08 K (USD), Angel Round
May 21, 2024
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Investors
SVF Entertainment
& 11 more
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Employee Count
Employee Count
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Products & Services of BetterInvest
BetterInvest offers a comprehensive portfolio of products and services, including Funding Platform, Investor Portal, and Creator Onboarding. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for securing funds based on content contracts and invoices.
Portal for diversifying portfolios in entertainment assets.
Service for content producers to access quick funding options.
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Funding Insights of BetterInvest
BetterInvest has successfully raised a total of $1.19M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $168.08 thousand completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Angel Round — $168,078
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First Round
First Round
(31 May 2022)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Angel Round - BetterInvest | Valuation | Sanjay Wadhwa |
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| Apr, 2023 | Amount | Seed - BetterInvest | Valuation | Bulleon , Harman Venture | |
| May, 2022 | Amount | Seed - BetterInvest | Valuation | Suresh Krishn |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BetterInvest
BetterInvest has secured backing from 12 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include SVF Entertainment, Isha Homes and Techindia. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in food tech startups are handled by Harman Venture.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Seed-stage venture capital investments are targeted by Singhvi Heritage.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BetterInvest
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BetterInvest
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Betterinvest Comparisons
Competitors of BetterInvest
BetterInvest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FundMedia, Cinestox, PayTamasha, BLOX OFFICE and RCR BIOSCOPES, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform connecting media producers and investors for project funding.
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| domain | founded_year | HQ Location |
Platform for movie investment trading and contests to turn cinema passion into profits.
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| domain | founded_year | HQ Location |
Digital platform linking filmmakers and investors for film funding and production support.
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| domain | founded_year | HQ Location |
Delivers a blockchain-based platform to streamline operations in the movie industry.
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| domain | founded_year | HQ Location |
Operates a crowdfunding platform dedicated to film making projects.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Betterinvest
Frequently Asked Questions about BetterInvest
When was BetterInvest founded?
BetterInvest was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is BetterInvest located?
BetterInvest is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of BetterInvest?
Pradeep Somu is the current CEO of BetterInvest. They have also founded this company.
Is BetterInvest a funded company?
BetterInvest is a funded company, having raised a total of $1.19M across 3 funding rounds to date. The company's 1st funding round was a Seed of $350K, raised on May 31, 2022.
What is the annual revenue of BetterInvest?
Annual revenue of BetterInvest is $40.49K as on Mar 31, 2023.
What does BetterInvest do?
BetterInvest was founded in 2021 in Chennai, India, as a provider of financial solutions tailored to the media and entertainment sector. Connections are facilitated between investors and the financing requirements of projects such as movies and web series. Funding is extended through the discounting of future receivables from OTT platforms, satellite channels, and audio rights, supporting operational needs in the industry.
Who are the top competitors of BetterInvest?
BetterInvest's top competitors include FundMedia, BLOX OFFICE and Cinestox.
What products or services does BetterInvest offer?
BetterInvest offers Funding Platform, Investor Portal, and Creator Onboarding.
Who are BetterInvest's investors?
BetterInvest has 12 investors. Key investors include SVF Entertainment, Isha Homes, Techindia, Sanjay Wadhwa, and Bulleon.
What is BetterInvest's valuation?
The valuation of BetterInvest is $4.56M as of May 2024.