by Aparna Desikan
See full article at Times of India
Category: Matrimony.com
Vlogumentary: Indian Dating And Matrimonials
OPW – Oct 10 – India is changing fast! The tradition of arranged marriages is transitioning to ‘planned marriages’ and dating apps. Earlier this year I traveled to India to capture this snapshot in time and history of the progress of the matrimonial and dating apps industry there. I talked with the CEOs of Matrimony, Shaadi and Woo, and interviewed several diverse and fascinating users. This ‘vlogumentary’ covers my journey in Delhi, Chennai and Mumbai. So grab a cup of coffee, sit back, and let me take you to India.
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Post by Mark Brooks @ Courtland Brooks
Matrimony.com IPO On Last Day Subscribed 4.4 Times
See full article at Financial Express
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Smartphones Help More Indians Find Love
BLOOMBERG – Sep 13 – Revenue from Indian online dating expanded ~21% annually from 2010 to 2015, and will reach 20.6B rupees ($322M) by 2020, according to Ken Research Pvt Ltd. India's wedding market, including matchmaking services, venue-hire, catering, decorating and photography, is worth ~$54B a year. Matrimony.com, which opened an IPO on Monday, added 3M user-profiles last year, of which 40% were in semi-urban areas. People are shifting to mobiles to access dating sites. Three years ago, 60% of Shaadi.com's 3M user base was accessing the site via desktop. That proportion has shrunk to 20%, while mobile access jumped to 80% from 40%.
by Anindya Upadhyay
See full article at Bloomberg
Matrimony IPO Subscribed 67% On Day 1
by Sukanya Mukherjee
See full article at INC42.com
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Matrimony.com Opens Its IPO
BLOOMBERG – Sep 11 – India's biggest online matchmaker is selling shares in Matrimony.com for ~$15 apiece. Backed by Silicon Valley investor Bessemer Venture Partners, Matrimony.com expects to raise as much as 5B rupees ($78M) with the IPO closing on Wednesday. The startup has already raised funds from Goldman Sachs India Ltd., BNP Paribas Arbitrage Baring Private Equity India AIF.
by Saritha Rai
See full article at Bloomberg
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Matrimony Bags $35.3M From Anchor Investors Pre IPO
INC42.COM – Sep 9 – Matrimony has reportedly raised $35.3M (225.9 Cr) in the run up to its IPO. The money was raised by 22.93 lakh shares to anchor investors including Smallcap World Fund, HDFC Trustee Company, Baring Private Equity Asia, BNP Paribas Arbitrage, Goldman Sachs India and DB International (Asia). Anchor investors are typically marquee investors that are invited to subscribe to the company’s shares ahead of its IPO. This reserved subscription is aimed to boost the popularity of the issue. The IPO will be open on September 11 and will close on September 13.
by Aparna Mishra
See full article at INC42.com
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Matrimony.com To IPO In September
FINANCIAL EXPRESS – Aug 25 – Matrimony.com which runs the online matchmaking website BharatMatrimony.com, is likely to launch its Rs 500 crore ($78M) IPO early next month. Proceeds from the issue will be used for advertising and business promotion activities, purchase of land for construction of office premises in Chennai, repayment of overdraft facilities and general corporate purposes. Matrimony had filed its draft IPO papers in August 2015. However, the company did not go ahead with the plan.
See full article at Financial Express
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Q&A: Murugavel Janakiraman, Founder & MD, BharatMatrimony
Q: What are the 3 major changes in the marriage services sector in the recent past?
A: The mobile and internet penetration has been growing. Second, an increasing number of Indians are leaving their native places and moving out of India or their own societies in search of a job or a better lifestyle. Also, there has been an increase in the freedom an individual can exercise over life decisions.
Q: What makes you better than your competitors?
A: We cater to the needs of various communities through CommunityMatrimony. We also offer personalised matchmaking through Elite Matrimony and our Assisted Service package.
Q: Tell us about the issue size of the IPO. How will the company use the capital?
A: The offer details are as follows: Primary (Rs. in Millions): 1,300. Offer for Sale (in Equity Shares of face value Rs.5 each): 37,67,254. We will use the Net Proceeds for:
- Advertising and business promotion activities;
- Purchase of land for construction of office premises in Chennai;
- Repayment of our overdraft facilities; and – General corporate purposes.
Q: How big is the marriages service industry in India?
A: It is estimated that in 2016, of the 107M single individuals, there were ~63M individuals who were actively seeking prospective life partners. The marriage services industry is estimated to be worth ~3,7B in fiscal 2016.
Q: What are your plans to ensure sustained monetization?
A: We will be investing in technology to make our sites and apps more user-friendly.
by Priyanka Sharma
See full article at India Infoline
Matrimony.com To IPO Soon, Files DRHP
See full article at India Infoline
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