VERIFIED MARKET REPORT – The Premium Matchmaking Service Market report by Verified Market Reports (March 2025) estimates the market will grow from $1.2B in 2024 to $2.5B by 2033, at a CAGR of 8.9%. Growth is driven by rising demand for personalized, high-end dating services among affluent users, especially in Asia-Pacific. Online matchmaking now accounts for 60% of market revenue, with key players including It's Just Lunch, VIDA Select, and EliteMatrimony.
Category: Elite Matrimony
Matrimony.com Surges 14% Ahead of Share Buyback Decision
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.
EliteMatrimony Launches Success-Based Matchmaking Service
IND TODAY – EliteMatrimony, part of the Matrimony.com group, has rolled out a premium matchmaking service. Users will pay a minimal monthly charge to get access to a dedicated relationship manager who serves them suitable matches and facilitates introductions. The customer pays success fees only once a match is fixed through EliteMatrimony.
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4 Indian Matrimonial Portals That Cater to the Rich
GQ INDIA – Apr 15 – The business of matrimony in India moved online decades ago and has managed to create niche pockets, while still retaining a very strong offline presence. Here a 4 Indian matrimonial portals that cater only to high net worth individuals:
- Ultra Rich Match
- Vows For Eternity
- MatchMe
- Elite Matrimony (an invite-only matrimonial portal from Bharat Matrimony)