BUSINESS STANDARD – Sep 16 – Matrimony.com, the company which owns BharatMatrimony.com, EliteMatrimony.com, CommunityMatrimony.com, AssistedMatrimony.com, MatrimonyDirectory.com and Tambulya.com — is set to launch an IPO. While the company aims to raise Rs 350 crore ($64M) through the IPO, the actual offer size is bigger (estimated at Rs 600-800 crore). BharatMatrimony.com is India's largest online matrimonial portal and provides services in three segments: matchmaking, marriage services and mobile-only relationship app, "Matchify". Half of the investment will go towards advertising.
by Sheetal Agarwal
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