FORBES INDIA – Nov 30 – Murugavel Janakiraman's Matrimony.com, launched with an initial focus on the Tamil community, is now a market leader in online matchmaking. BharatMatrimony, has 15 language-based domains; there are other properties like EliteMatrimony, AssistedMatrimony and CommunityMatrimony, offering specialised services. According to comScore, matrimony.com is the leader in the online matchmaking service space in India in terms of the average number of website pages viewed by unique visitors. In June 2017, Matrimony.com's online properties clocked 991K unique visitors, while its competitors Shaadi.com and Jeevansathi.com reported 420K and 348K, respectively. In FY17, the company showed a profit of ₹43.78 crore ($6.6M) on a revenue of ₹292.9 crore ($44M). It also reported a ₹18.8 crore ($2.8) in profit for the quarter ended Sep 30 this year. However, it had a negative net worth of ₹26.79 crore ($4M) for having restated its losses for the financial years 2014, 2015 and 2106, which cumulatively amounted to a loss of ₹87 crore ($13M).
by Anshul Dhamija
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