BUSINESS STANDARD – Shares of Matrimony.com surged 14% on the BSE, hitting a 52-week high during Tuesday's intra-day trade, driven by the company's announcement that its board will meet on Sep 5, 2024, to consider a share buyback proposal. The stock has rallied 40% in the past three weeks and surpassed its previous high of Rs 785.05 on Aug 21. Matrimony.com, India's leading online matchmaking company, manages brands like BharatMatrimony, CommunityMatrimony, and EliteMatrimony. It is expanding into adjacent segments, including launching MeraLuv.com, a dating app for Indian Americans, and plans to release Luv.com, a next-gen matchmaking app. Analysts attribute the stock's rise to upcoming changes in India's share buyback tax regime, effective from Oct 1, which shifts the tax burden from companies to shareholders.
Category: CommunityMatrimony
Matrimony.com Stock Hits Fresh 52-week High
BUSINESS STANDARD – Dec 3 – Shares of Matrimony.com hit a fresh 52-week high of Rs 795, surging 10% on the BSE in the intra-day trade on Thursday. ~500,155 equity shares, representing 2.2% stake of the company, changed hands via bulk deal on the BSE, exchange data show. The names of the buyers and sellers could not be ascertained immediately. Matrimony.com is one of the leading consumer Internet companies in India, managing brands such as BharatMatrimony, CommunityMatrimony and EliteMatrimony. The Company delivers matchmaking and marriage related services to users in India and the Indian diaspora. In the past two weeks, the stock has rallied 27% after SBI Mutual Fund (MF) bought an additional 744,279 shares, or 3.3% stake, in Matrimony.com through its various schemes.
Getting VC-funded Is Like Getting Married
TECH CIRCLE – July 21 – VCCircle India Angel Summit 2013 was a two-day initiative. The first day was all about the Startup Walkabout. ‘Lucky’ participants were taken to the ‘offices’ of India’s six top venture capital funds and innovative companies in Mumbai for interactive workshops. The second day was loaded with exciting keynotes, debates and special sessions. One of the sessions was an interview with Murugavel Janakiraman, founder and CEO, Matrimony.com. Getting VC-funded is similar to getting married. When you get the money, the company and VC seem to be on a honeymoon. Once that dies down, what follows is a series of disagreements. But with time they come to an understanding and start working together. Matrimony.com owns BharatMatrimony.com, EliteMatrimony.com and CommunityMatrimony.com, as well as online real estate site Indiaproperty.com. Marriage is a very big market in India. Over 10M people are getting married every year. So the company wants to focus on wedding-related services.
by Anand Rai
See full article at Tech Circle
Internet Dating Industry Weekly News Dec 10th, 2009 – 3 mins
This is the news for the week of December 4th through December 10th, 2009. Here is the news we covered for this week:
- BlackBox Republic is Open for Business
- Zoosk Secured Additional $30M in Funding
- AshleyMadison Aims for Tiger Woods Deal
- Match.com Launches New Mobile App
CommunityMatrimony.com Partners With Twitter
PRESS RELEASE – Dec 8 - CommunityMatrimony.com, a part of Consim Info, a company that owns over 300 community based matrimony portals has just tied the knot with Twitter. Members of CommunityMatrimony.com can now add their Twitter updates to their matrimony profile. The Twitter updates will be displayed along with the matrimony profile. BharatMatrimony.com, also part of Consim Info, will also be tying the knot with Twitter in the near future.
The full article was originally published at Webnewswire, but is no longer available.