Pre-seed round · October 2026
Verishta
The verified rishta.

India's verified matrimonial network, built on the bureaus families already trust.

Raising ₹3 cr for 25%verishta.com
Verishta in one slide

A free platform for bureaus. One shared pool of candidates. Ground verification of any rishta.

20,000
Bureaus on the platform by Year 5
30 lakh
Candidates in one shared pool
₹139 cr
Revenue in Year 5 (2031)
Month 30
First cash-positive month
Pre-seed: ₹3 cr for 25% now. Seed: ₹4 cr for 12.5%.Seed at months 15 to 18
01 · The problem

Three things are broken in how India finds a match.

78%

Families cannot trust profiles

  • 78% of women on matchmaking apps met fake profiles.
  • 82% say government ID checks would make them feel safer.
Juleo and YouGov, 2024
₹10–15 lakhUP FRONT, PER BUREAU

Bureaus cannot afford technology

  • A custom system costs ₹10 to 15 lakh up front.
  • So each bureau matches only inside its own paper register, by phone and by hand.
Verishta estimate for a custom build
₹43.5 cron marketing in one quarter−4.3%paid subscriptions

Online platforms buy every user

  • The market leader spent ₹43.5 cr on marketing in one quarter.
  • Its paid subscriptions still fell 4.3% year on year.
Matrimony.com, Q4 FY26
01 · The gap

The trust is offline. The technology is online. Nobody connects the two.

OFFLINE The trust Bureaus and families. Candidates on paper. One register each. ONLINE The technology Apps, ads and servers. Profiles nobody checks on the ground. NO LINK
01 · Why now

Online has stalled. Trust is moving offline. Bureaus are still on paper.

₹456 cr₹460 crFY25FY26

Online growth has stalled

  • The leader's revenue rose 0.9% in FY26.
  • Its growth now comes from price: the average ticket is up 15%.
Matrimony.com, FY26

North India is open

  • The one major region the leader does not lead.
  • It is Verishta's Phase 1 region.
ICICI Securities, May 2026
Bureaus, offline₹4,500–5,000 crOnline platforms₹1,200–1,400 cr

Offline is 3× online, and on paper

  • Bureaus earn more than three times what online platforms earn.
  • They run on registers and phone calls.
Redseer, 2025

Premium is moving offline

  • EliteMatrimony opened its first physical centre, in Hyderabad.
  • The leader now sells trust in person. Bureaus already do.
Matrimony.com, Q4 FY26
02 · The solution

One shared pool. Every bureau. Every family.

A free platform for bureaus

  • Bureaus upload their existing candidates.
  • They get the complete platform: dashboard, candidate records, matching, earnings.
Free. ₹5,000 only when a match is confirmed.

An app and website for families

  • Families join free, direct or through a VR Matchmaker, Verishta's local associate.
  • Contacts are shared only after both sides accept.
Plans from ₹999. A success fee only when a match succeeds.

Ground verification of any rishta

  • A local agent with no link to either side visits the family.
  • The agent checks the documents given at registration and files a GPS-tagged report.
  • The verification desk approves every report.
₹2,000 plus ₹100 per km, on request.
No major matrimony platform in India checks a family on the ground. Verishta does.
02 · The solution

How a match happens

1

Supply

Bureaus upload their candidates, free. VR Matchmakers and families sign up members.

2

One shared pool

The matching engine searches every bureau and every member.

3

Match found

The bureau's phone beeps. Both sides accept in the app. Contacts are shared.

4

Verification

On request, a local agent visits the family and files a GPS-tagged report.

5

Match confirmed

Verishta earns its fee: ₹5,000 from each bureau, a success fee from each direct member.

Contacts are shared only inside the app, so every match is on record. The fee is due at roka in Year 1 and at proposal acceptance from Year 2. If talks break off, it carries to the next match. A relationship manager calls both families within 30 days to confirm the roka.
02 · The product · illustrative screens

Three screens carry the promise.

New matchनया मैच मिलाPriya S. and Rahul K.
Verishta Partner
3 new matches today
PS
Priya S., 26Your candidate
RK
Rahul K., 29Member, Kanpur
Send proposal
This month₹12,400

The bureau's phone beeps

Partner app. Every match across the network, in Hindi or English. Release 1, month 4.

Verishta
Ground-verified
Ananya, 27Lucknow · MBASoftware engineer
+91 98XXX XXXXX
Shared after both accept
Send interest

Families see who is verified

Member app and website. Contacts stay masked until both sides accept. Launch in month 9.

Verification report
14 Oct 2026, 11:20
GPS 26.85° N, 80.95° E
  • Address matches
  • Family met at home
  • Documents checked
  • Photos of the home
Approved by the verification desk

Every visit is on record

Filed by an agent with no link to either family. GPS-tagged and approved by the desk.

02 · Operations · illustrative screens

The back end: one console, one field team

console.verishta.com
Verification deskPhase 1 · UP, Uttarakhand, NCR
Search family or agent14 Oct 2026
38Visits today
9To approve
1,150Approved in Oct
26 hTurnaround
Approval queueToday
FamilyAgentVisitStatus
Sharma · KanpurR. Yadav11:00 · 18 kmTo approve
Verma · LucknowS. Ali10:20 · 6 kmApproved
Gupta · BareillyP. Mishra09:40 · 24 kmApproved
Ansari · MeerutK. Singh09:05 · 11 kmSent back
Rawat · DehradunN. Joshi08:30 · 9 kmApproved
View all 9 waiting
Sharma familyTo approve
  • GPS matches the address
  • Family met at home
  • Documents checked
  • Agent has no link
ApproveSend back
Verishta Field
Next visit · 11:00Sharma familyKanpur · 18 kmCheck in by GPS
New bureau · Bareilly
  • PAN
  • Aadhaar e-KYC
  • Live photo
  • E-sign next
  1. 1
    Bureaus sign up

    KYC, photo, e-sign

  2. 2
    Agent visits

    GPS, photos, checklist

  3. 3
    Desk approves

    Before sales sees it

  4. 4
    RM confirms roka

    Calls both families

  5. 5
    Payouts

    Twice a month, 2% TDS

02 · Why they join

Bureaus get technology they cannot buy. Families get a rishta they can trust.

Why bureaus join
The platform, free

₹5,000 only when a match is confirmed.

Up to 100× more candidates

All bureaus and members, in one pool.

A beep on every match

The engine searches the whole network.

A simple app

In Hindi or English, on any phone.

More income

Commission on visits, events and ads.

One shared pool 30 lakh candidates by Year 5 Bureaus bring candidates Families find verified matches
Why families join
A genuine rishta

A local agent visits the family home.

A bureau they trust

Their own bureau, with a far wider pool.

Privacy

Contacts shared only after both accept.

A fair price

Free to join. A fee only on success.

Personal help

Royal: a relationship manager.

Their language

English and Hindi; more from Year 2.

The bureau risks nothing: no joining fee, no subscription, no lock-in. It keeps its own clients and its own fee.
03 · Business model

Seven ways Verishta earns

Plans

Classic ₹999–4,999 · Royal ₹7,999–12,999
Direct members, 3 to 12 months

Success fee

₹12,999 to ₹38,997
Direct members, only after a match

Bureau match fee

₹5,000 per match
Each bureau, only when a match is confirmed

Ground verification

₹2,000 + ₹100 per km
Any member, paid or free

VR Matchmaker Premium

₹3,499 for 12 months
Verishta's associates. ₹2,100 for 24 months

Events

Per event
Families and sponsors

Local ads

Per campaign
Local businesses and wedding vendors
46%
of Year 5 revenue comes only when a match succeeds: bureau match fees and success fees.

Year 5 revenue mix

₹138.7 cr Year 5 revenue
  • Plans40%
  • Bureau match fees27%
  • Success fees19%
  • Verification9%
  • Events, ads, VR Premium5%
  • No single line is more than 40% of revenue.
  • Success fees are 1, 2.5 or 3 times the yearly Royal price. All prices include GST.
03 · Unit economics

A candidate costs ₹18 through a bureau. Through ads, ₹220 to 280.

One candidate
12–16×
cheaper through a bureau than through advertising
Through a bureau, in field time₹18
Through advertising, planned₹220 to 280
  • A bureau brings about 150 candidates when it joins.
One bureau
6 weeks
to earn back the cost of signing it up, at the Year 5 rate
Field time to sign it up₹2,700
Brought in a year, by Year 5₹25,000
One visit
67%
margin on a ₹3,500 ground verification, after GST
  • Verishta keeps₹1,991
  • Agent's pay₹975
  • GST₹534
A visit at 15 km: ₹2,000 plus ₹100 per km. The agent is paid per visit, whatever the result. Field cost per bureau is an upper bound: the same managers also run existing bureaus. Revenue per couple is in Appendix B.
04 · Market

1 in 138 Indian weddings by Year 5

WEDDING SPEND A YEAR ₹10 lakh cr 8 to 10 mn weddings (Jefferies) MATRIMONY SERVICES ₹6,000 cr Bureaus are 3× online (Redseer) PHASE 1 REGION ₹1,200 cr UP, Uttarakhand, NCR our estimate ₹139 cr VERISHTA, YEAR 5 All India: 1.6% of the market in 2031 Rings not to scale
By yearYear 1Year 3Year 5
Couples matched48019,60065,400
Share of India's weddings0.01%0.22%0.73%
Revenue₹1.2 cr₹41.1 cr₹138.7 cr
Share of the matrimony market0.02%0.54%1.61%
Against the leader's FY26 billings0.2%8%28%

Phase 1 is one-fifth of India

  • 27.8 cr people in UP, Uttarakhand and Delhi, on 2026 projections.
  • Roughly 15 to 19 lakh weddings a year, our estimate.
At today's growth rates the matrimony market reaches about ₹8,600 cr by 2031, our extension of Redseer. India has 8 to 10 million weddings a year (Jefferies).
05 · Competition

One corner is empty. Verishta takes it.

ONLINE ONLY THROUGH LOCAL BUREAUS How families are reached PHONE OR ID CHECK HOME VISIT How profiles are checked ONLINE, VISITED Out of reach: it needs people in every district ONLINE, PHONE OR ID Big pools. Nobody visits the family. LOCAL, NO RECORDS Trusted, on paper, small pools. THE EMPTY CORNER Local trust and a visit to the family home Matrimony.com 140+ branches Shaadi.com 100+ franchise centres Jeevansathi Betterhalf.ai Local bureaus Thousands of them Verishta THE VERIFIED RISHTA + the platform + the home visit
Positions are Verishta's reading of each company's public product and service information.
05 · Proof and moat

The model works abroad. It is hard to copy here.

IBJ, Japan
3.3%

of Japan's marriages in 2024 came through one database shared by about 4,500 agencies.

2025 sales ¥20.2 bn, up 13.7%. Operating margin 18%.

50%
Baihe, China

Half of Baihe's profits come from offline stores, not from the online product.

Why it is hard to copy

Bureaus bring their candidates

Supply on day one, without advertising.

Verification needs people

In every district. Software alone cannot do it.

The platform becomes their system

Leaving means going back to paper.

Commission keeps them active

On verification, events and local ads.

06 · Go-to-market

Bureaus first, then families. State by state.

1
Phase 1 · Year 1 (2027)
UP, Uttarakhand, NCR
1,000 bureaus · 1.5 lakh candidates · 200 VR Matchmakers · member launch in month 9
2
Phase 2 · Years 2 to 3
All India, state by state
9,000 bureaus · 13.5 lakh candidates · 6 lakh sign-ups a year
3
Phase 3 · Years 4 to 5
Global, NRIs first
20,000 bureaus · 30 lakh candidates · NRIs whose families live in covered states
A state is marketed only after its bureaus can verify on the ground. Phase 3 is paid for from profit.
Bureaus join, free The pool grows More matches, faster Fees and commission Word spreads to bureaus Every bureau that joins makes every other bureau's candidates easier to match.
07 · Progress

₹31 lakh already invested. The groundwork is done.

₹31 lakh
Invested so far
₹10 lakh
verishta.com, the domain
₹21 lakh
Strategy and design
₹10 lakh ₹21 lakh · strategy and design verishta.com domain bought Business model and pricing Market and competition study Five-year plan and the model Platform plan modules, cost Brand and design Build starts month 1 Partner app month 4 Member launch month 9 TODAY Next, with the pre-seed
The pre-seed goes straight into the build. The plan, the brand and the domain are ready.
08 · Team

Matchmaking, business and technology

SM
Founder and CEO
Shariq Manzoor
450bureaus he brings for onboarding45% of the Phase 1 target
17 yrsin sales
7+ yrsin matchmaking
  1. 2019 – now
    Mera Nikah MatrimonialChief Counselor
  2. 2018 – now
    Himcure PharmaceuticalNational sales, herbal products
  3. 2015 – 2018
    Reliance LifeSSM
  4. 2012 – 2015
    SBI LifeSales Manager
  5. 2009 – 2011
    HDFC BankUnit Manager
Network across UP, Uttarakhand and NCR
MA
Co-founder
Dr. Mohd. Asim
DoctorManufacturer and exporter
2 factoriesin Unnao, UP
3 countriesIndia, UAE, Saudi Arabia
Friction Safetyfrictionsafety.com

Leather safety shoes and boots, certified to EN ISO 20345:2021.

UnnaoDubaiAl-Jubail
  • Runs Nice & Smart Overseas, maker of Friction Safety, and Hi-Tech Footwear.
  • Practised medicine at a hospital in Bangalore.
Brings funding to Verishta
Technology partner

Builds and runs the platform. Plans the strategy and the execution.

Delhi · led by Shah Alam and Shivam Singh
10%of Verishta500+clients
Has built
CartonwiseInventory, since 2020
Home Visualization3D paint visualizer
Real Estate ProjectionOn a physical model
Cista GoldGold investment app
JobvobAI recruitment
CVlayAI resume builder
University ERPAcademic UX/UI
MAP KidsMuseum storytelling

Clients include Asian Paints, Dulux, Nippon Paint, JSW, Shapoorji Pallonji, Next (London) and Le Méridien.

09 · Financials

Cash-positive from month 30

Revenue, ₹ cr 1.2 Year 1 12.4 10.6× Year 2 41.1 3.3× Year 3 86.7 2.1× Year 4 138.7 1.6× Year 5
Cumulative cash, ₹ cr, month by month 10 20 30 0 Year 1 Year 2 Year 3 Year 4 Year 5 ₹7 cr raised Lowest point −₹5.0 cr, month 29 Cash flow positive from month 30 +₹28.9 cr
Month 30
First month with positive cash flow
₹5.0 cr
Lowest cumulative cash, in month 29. The ₹7 cr raised covers it.
16%
EBITDA margin in Year 5, on ₹138.7 cr of revenue
09 · Valuation

When Verishta becomes a ₹1,000 cr company

₹1,387 cr of value at 10× revenue, a growth multiple ₹1,165 cr of value at 6× revenue ₹1,286 cr of value at 2.5× revenue, with a wedding marketplace ₹1,182 cr of value at 2.5× revenue, matchmaking only ₹1,239 cr of yearly revenue, with weddings 2031 Year 5 2032 Year 6 2033 Year 7 2034 Year 8 2035 Year 9 2036 Year 10 2037 Year 11
The leader, Matrimony.com, is worth about ₹900 to 1,150 cr today: about 2 to 2.5 times its ₹460 cr of revenue.
Years 6 to 11 extend the five-year plan: growth slows from 40% to 18% a year, the EBITDA margin rises to 20%, and prices rise 5% a year. The wedding marketplace takes an 8% commission on a growing share of each couple's wedding spend. It is not in the base plan.
10 · The ask

Pre-seed ₹3 cr for 25%. Seed ₹4 cr for 12.5%.

Pre-seed · now
₹3 cr
for 25%

Pre-money ₹9 cr · post-money ₹12 cr

Platform build₹1.10 cr
Phase 1 to month 21₹1.8 cr
Buffer₹0.1 cr
  • Buys the apps, 1,000 bureaus and the member launch in month 9.
Seed · months 15 to 18
₹4 cr
for 12.5%

Pre-money ₹28 cr · post-money ₹32 cr

Raised on proof, by month 18
  • 1,000+ bureaus, 1.5 lakh candidates
  • Both apps live, payouts running
  • Match rate and fee collection measured
Phase 2 rollout to month 29₹2.1 cr
Reserve against the risks₹1.9 cr
Ownership after both rounds
59% founders
  • Founders59.1%
  • ITEAS Design6.6%
  • Pre-seed investors21.9%
  • Seed investors12.5%
25–61×

Pre-seed return by Year 5

11–26×

Seed return by Year 5

No further rounds in the plan. Phase 3 is paid for from profit.Returns at 2.5× to 6× revenue. Estimates.
Verishta
The verified rishta.
Raising ₹3 cr for 25%
Shariq Manzoor
Founder and CEO
[+91 phone]
[name@verishta.com]
verishta.com
Appendix A · Building the platform

Two releases in eight months

WHAT IS DELIVERED MONTH 1 2 3 4 5 6 7 8 9 Year 2 Year 4 Discovery Design system and architecture Release 1, for partners Partner app, matching, verification, payouts, console Pilot One city in the Phase 1 region Release 2, for families Member app and website, plans, success fee, wallet Member launch UP, Uttarakhand and NCR Release 3, for the states Regional languages, state launch tools, analytics Release 4, for NRIs International payments, time zones, video calls
89
Person-months of work, across 15 modules
₹1.10 cr
Cost of the platform build, funded in full by the pre-seed
Month 9
Member launch across UP, Uttarakhand and NCR
3 apps
Partner app, member app and website, plus the console
Appendix B · Unit economics

What one couple brings

+
₹10,000

Two bureau candidates

  • ₹5,000 from each bureau.
+
₹43,997

A bureau candidate and a free member

  • ₹5,000 from the bureau, plus the member's ₹38,997 success fee.
+
₹77,994

Two free direct members

  • A success fee of ₹38,997 from each.
The success fee is charged through the yearly Royal plan: 3 times its ₹12,999 price for a free member, 2.5 times for Classic, 1 time for Royal. Amounts include GST. The fee is due at roka in Year 1 and at proposal acceptance from Year 2.
Appendix C · Payouts

What Verishta pays out

VR Matchmaker commission

  • 25% on the free tier, 40% on Premium, of the plans they sell.
  • On the amount received, excluding GST.

Referral reward

  • Members: 20% of the new member's first plan.
  • Associates: 15% or 10% of a new Premium fee.
  • Credited to the wallet when the new person buys. One level only. Can be withdrawn.

Sibling discount

  • 15%, 20% and 25% for the first, second and third sibling.
  • Direct members only. One discount per purchase.

Verification agents

  • Paid per visit, whatever the result.

Events and ads

  • Commission to the bureau or associate who brought the business.

Payout cycle

  • Paid twice a month, with 2% TDS.
  • Clawback if a sale is reversed.
Bureaus and VR Matchmakers are not on the payroll. They earn commission.
Appendix D · Competition

The competition, in numbers

CompanyRevenueGrowthProfitWhere Verishta differs
Matrimony.comBharatMatrimony · listed
₹460 cr · FY26
+0.9%
₹34.2 cr
Bureaus are Verishta's branches, at no rent. Any rishta can be verified.
Shaadi.comPeople Interactive · private
₹357 cr · FY24
+15%
₹6.7 cr
Free to bureaus. Verishta is paid on success.
JeevansathiInfo Edge · listed
₹142 cr billings · FY26
+28.5%
Near break-even
The fee is tied to the outcome, not to access.
Betterhalf.aiPrivate · about 3 mn users
₹19.5 cr · FY24
Not filed
Not filed
Local bureaus and ground verification.
Local bureausThousands · unlisted
₹4,500–5,000 cr in all
+4 to 5%
Not known
Verishta is their technology and their wider pool.
The four platforms share one scale. The bureaus' bar is cut: together they earn about ten times the leader. Revenue and profit as filed or reported; Shaadi.com and Betterhalf.ai figures are for FY24, the latest filed.
Appendix E · Growth

Five years in numbers

Bureaus
20,000
Year 1: 1,000
Y1Y2Y3Y4Y5
Bureau candidates
30 lakh
Year 1: 1.5 lakh
Y1Y2Y3Y4Y5
VR Matchmakers
5,000
Year 1: 200
Y1Y2Y3Y4Y5
Sign-ups a year
16 lakh
Year 1: 25,000
Y1Y2Y3Y4Y5
Paid members
1.6 lakh
Year 1: 1,800
Y1Y2Y3Y4Y5
Couples matched
65,400
Year 1: 480
Y1Y2Y3Y4Y5
Verifications
42,100
Year 1: 440
Y1Y2Y3Y4Y5
Five years in all
₹280 cr
of revenue
1.3 lakh
couples matched
Revenue by line, ₹ cr Plans, Classic and Royal, Y1: 0.5 Bureau match fee, Y1: 0.3 Success fee from members, Y1: 0.1 Ground verification, Y1: 0.1 Events, ads and VR Premium, Y1: 0.1 1.2 Year 1 Plans, Classic and Royal, Y2: 5.1 Bureau match fee, Y2: 3.6 Success fee from members, Y2: 1.7 Ground verification, Y2: 1.3 Events, ads and VR Premium, Y2: 0.6 12.4 Year 2 Plans, Classic and Royal, Y3: 16.5 Bureau match fee, Y3: 11.7 Success fee from members, Y3: 6.8 Ground verification, Y3: 4.1 Events, ads and VR Premium, Y3: 1.9 41.1 Year 3 Plans, Classic and Royal, Y4: 35.1 Bureau match fee, Y4: 23.8 Success fee from members, Y4: 15.8 Ground verification, Y4: 8.1 Events, ads and VR Premium, Y4: 4 86.7 Year 4 Plans, Classic and Royal, Y5: 55.2 Bureau match fee, Y5: 37.8 Success fee from members, Y5: 26.6 Ground verification, Y5: 12.5 Events, ads and VR Premium, Y5: 6.6 138.7 Year 5 Plans, Classic and Royal 55.2 Bureau match fee 37.8 Success fee from members 26.6 Ground verification 12.5 Events, ads and VR Premium 6.6
Year-end counts, plan period 2027 to 2031. Revenue is net of GST. Prices are held flat for five years.
Appendix F · Financial plan

Profit and loss

₹ crY1Y2Y3Y4Y5
Revenue, net of GST1.212.441.186.7138.7
Variable costs and commissions0.42.98.315.823.4
Staff0.45.013.428.146.3
Technology0.21.72.53.54.6
Marketing0.13.811.621.130.4
Office, cloud, travel and legal0.21.53.87.612.1
EBITDA−0.2−2.51.510.621.9
EBITDA margin−14%−20%4%12%16%
Development and equipment1.20.20.30.30.4
Cash flow−1.4−2.71.210.321.5
Cumulative cash−1.4−4.1−2.97.428.9
Year 5, ₹ cr: from revenue to EBITDA 138.7 Revenue −23.4 Variable costs −46.3 Staff −4.6 Tech −30.4 Marketing −12.1 Office and legal 21.9 EBITDA
Figures may not add up because of rounding.
Appendix G · Team

Nine people in Year 1. The team grows with Royal service.

Year 1 core team, monthly payPeopleEachTotal
Founder and CEO1₹1,00,000₹1,00,000
Operations and support2₹25,000₹50,000
Sales and matchmaker managers2₹30,000₹60,000
Relationship managers2₹25,000₹50,000
Matchmaking executives2₹18,000₹36,000
Total9₹2,96,000
  • 3 in 4 people in Year 5 serve Royal members, paid for by Royal plans. One relationship manager looks after about 50 clients.
  • Bureaus and VR Matchmakers earn commission. Neither is on the payroll.
People on the payroll, year end Royal service, Y1: 4 Operations and verification, Y1: 3 Field sales, Y1: 3 Leadership, finance, marketing, Y1: 1 11 Year 1 Royal service, Y2: 65 Operations and verification, Y2: 10 Field sales, Y2: 16 Leadership, finance, marketing, Y2: 11 102 Year 2 Royal service, Y3: 197 Operations and verification, Y3: 27 Field sales, Y3: 42 Leadership, finance, marketing, Y3: 18 284 Year 3 Royal service, Y4: 430 Operations and verification, Y4: 48 Field sales, Y4: 78 Leadership, finance, marketing, Y4: 26 584 Year 4 Royal service, Y5: 692 Operations and verification, Y5: 69 Field sales, Y5: 116 Leadership, finance, marketing, Y5: 35 912 Year 5 Royal service 692 Operations and verification 69 Field sales 116 Leadership, finance, marketing 35
Appendix H · Valuation

How the price is set

₹347–832 crVerishta's value in Year 5, at 2.5× to 6× revenue
25–61× · 11–26×What pre-seed and seed investors make by Year 5
Above 20× · 8×The return early investors usually look for

Both rounds sit inside the usual ranges

Pre-money value, ₹ cr. Bands: indicative ranges for India, 2026.

0 20 40 60 80 Pre-seed usual ₹3–10 cr Verishta ₹9 cr Seed usual ₹25–70 cr Verishta ₹28 cr

The seed is priced 2.3 times the pre-seed, on proof.

Who owns Verishta

Today
90% 10%
After the pre-seed
67.5% 7.5% 25%
After the seed
59.1% 6.6% 21.9% 12.5%
  • Founders
  • ITEAS Design
  • Pre-seed investors
  • Seed investors

With a 10% option pool before the pre-seed, founders would keep 53.2%.

Pre-seed rounds in India are priced at ₹3–10 cr pre-money, seed rounds at ₹25–70 cr (Treelife, 2026).
Appendix I · Use of funds

Where the ₹7 cr goes

Pre-seed and seed, by use

Pre-seed · ₹3 crMonths 1 to 21
1.40.50.40.4
Seed · ₹4 crMonths 22 to 29
0.80.50.41.9
₹ crPre-seedSeedTotal
Technology: the ₹1.10 cr build, support, cloud1.40.21.6
Member marketing: state-by-state launches0.50.81.3
Service and verification: RMs, operations, support0.40.50.9
Leadership, finance, legal and office0.40.40.8
Bureau network: field sales and travel0.20.20.4
Buffer and reserve against the risks0.11.92.0
Raised3.04.07.0

Cash needed if things go wrong

0 5 10 15 Base case ₹5 cr Sign-ups 20% lower ₹4.9 cr Success fees halved ₹7.3 cr Bureau matches −25% ₹7.5 cr All three at once ₹14.4 cr ₹7 cr raised ₹ cr
  • The reserve covers most of any one risk. Slowing Phase 2 covers the rest.
  • If all three happen together, Verishta slows Phase 2 and raises again.
Spending is net of revenue. Pre-seed: months 1 to 21. Seed: months 22 to 29. Amounts are rounded to ₹0.1 cr.
Appendix J · Risks

Six risks. A safeguard for each.

A match is hidden to avoid the fee

  • Contacts are shared only after both sides accept in the app, and the app logs it.
  • The RM confirms the roka within 30 days.
  • The bureau fee is deducted from its payouts.

Verification is influenced

  • The app never assigns a check to anyone linked to either side.
  • The verification desk approves every report.
  • Sales never sees a report first.

An agent misuses data

  • KYC with PAN, Aadhaar e-KYC, live photo, location and e-sign.
  • Contacts are masked.
  • A code of conduct with blocking and penalties.

Royal costs more to serve than planned

  • One RM per 50 clients, measured in the pilot.
  • The Royal price is reviewed after it.

Regulation

  • GST in every price. 2% TDS on commission.
  • DPDP Act consent and retention.
  • Fees shown at sign-up. One-tap cancel. Referrals one level only.

An incumbent copies verification

  • Verification depends on local people in every district.
  • Bureaus that run on Verishta's platform will not go back to paper.
Appendix K · Sources

Sources

  • Fake profiles and ID checks. Juleo and YouGov survey of 1,000 singles, September 2024.
  • Matrimony market sizes and growth. Redseer, India dating and matrimony market, December 2025.
  • Weddings and wedding spend. Jefferies, 2024. CAIT wedding season release, November 2025.
  • Matrimony.com figures. Q4 FY26 earnings call highlights, ICICI Securities results update, May 2026, company factsheet.
  • Jeevansathi. Info Edge Q4 FY26 results, May 2026.
  • Shaadi.com and Betterhalf.ai. Registrar filings as reported by Inc42, FY24, the latest available.
  • IBJ, Japan. IBJ Q4 2025 financial results presentation, February 2026.
  • Population, 2026. Technical Group on Population Projections, via statisticstimes.com.
  • Baihe and the positioning map. Company filings and public product information, Verishta competitive analysis, 2026.
  • Developer salaries. Hyring India Salary Model 2026.
  • Year 1 team and budget. Verishta startup staff and hiring plan.
  • Round prices. Treelife, how startup valuation works in India, June 2026.
Projections are a model built on Verishta's prices and rules. They are estimates, not guarantees. All amounts in Indian rupees. Plan period 2027 to 2031.