Category: Matrimony.com

This post also appear on InternetDatingInvestments.

by Shashwati Shankar
See full article at The Economic Times

Dating Apps In India Pave New Path To Getting Hitched

Posted on November 4, 2016

THE ECONOMIC TIMES – Nov 4 – In all, TrulyMadly, Woo and Tinder have ~1M monthly active users in India, according to a report in tech journal iGadgetsworld. While data for matrimonial sites were not available, experts foresee dating apps catching up. Ritesh Banglani, who led an investment in TrulyMadly last year, said 25-35% of the "users on dating apps are looking for marriage". The trend of arranged marriages is likely to continue to decline and the logical next step for matrimonial sites would be to stay relevant either by innovating or acquire a leading dating app in India." Matrimony.com, which operates BharatMatrimony, acquired Matchify in April last year but CEO Murugavel Janakiraman insists that dating apps aren't able to scale up or make money here. "We tried out Matchify but India has a largely traditional user base so these apps are not going to work here," he said. Gourav Rakshit, CEO of Shaadi.com, conceded that although the site gets ~11K new registrations every day, many of its users are on dating apps as well.

Matrimony.com To Go For IPO By November

Posted on October 11, 2016

BUSINESS-STANDARD – Oct 7 – Matrimony.com Ltd, the company which runs matrimony site Bharat Matrimony among others, is planning to go for an IPO by November. The plans are to raise ~Rs 350 crore (~$5.3M).

by TE Narasimhan
See full article at Business-Standard

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BharatMatrimony Approved For IPO

Posted on December 22, 2015

TECH CIRCLE – Dec 22 – Matrimony.com, which owns a string of matrimony-related properties including BharatMatrimony.com, and anti-virus software maker Quick Heal Technologies have received approval from the capital markets regulator Securities and Exchange Board of India (SEBI) for their proposed (IPOs).

by Anuradha Verma
The full article was originally published at Tech Circle, but is no longer available.

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by Sheetal Agarwal
See full article at Business Standard

Matrimony.com Set For IPO

Posted on September 18, 2015

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.

Matrimony.com Files For IPO, Aims To Raise $53.7M

Posted on August 20, 2015

REUTERS – Aug 19 – India's Matrimony.com, which runs online matchmaking sites, has filed for an IPO to raise Rs 3.5B ($53.7B). Existing investors, including US venture capital firm Bessemer Partners, will sell an additional 1.66M shares as part of the issue. Matrimony.com generated Rs 2.32B in revenue last year.

The full article was originally published at Times of India, but is no longer available.

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See all posts on BharatMatrimony

The Indian Matchmakers Targeting Divorcees

Posted on May 13, 2015

BBC – May 12 – India still has one of the lowest divorce rates in the world, but marriage breakdowns are becoming more common. This has led to a huge rise in the number of matrimonial services targeting divorcees. ~13 marriages in every 1,000 end in divorce – in the US, it is ~500 in every 1,000. Bharat Matrimony runs a separate site for divorcees – Divorcee Matrimony – which records about 70% annual registration of divorcees.

See full article at BBC

by Sneha Johari
See full article at Medianama

Matrimony.com Buys Dating App Matchify

Posted on April 7, 2015

MEDIANAMA – Apr 7 - Matrimony.com has bought Bangalore based Matchify, a dating app that especially focuses on women with features like verified profiles, secure chat, profile visibility, abuse reporting and blocking. Matrimony.com was founded by Murugavel Janakiraman in 2008, and received venture funding worth $11.75 M from Yahoo! and Canaan Partners. Matrimony.com runs BharatMatrimony.com, a flagship matchmatching network. Earlier this year, BharatMatrimony’s competitor Shaadi.com had invested an undisclosed amount in dating app Thrill.

This post also appears on InternetDatingInvestments.

See all posts on BharatMatrimony

Bharat Matrimony: The Best Priest In The Marriage Business

Posted on October 1, 2013

AFAQS – Oct 1 – Murugavel Janakiraman, who started the business of online matrimony as a section of his website in 1997. His company, Matrimony.com claims it has 60% of the estimated Rs 30Billion ($480M) online matchmaking market. The company runs 15 matrimonial websites under Bharat Matrimony and ~300 websites under Community Matrimony. The company now has 4K employees. Janakiraman says the company broke even and made a profit in 2009 and the compounded annual growth rate, in the last three years was ~30%. ~90% of its revenue comes from user subscription fee, which ranges from Rs 3,290 to Rs 50,000 ($52 – $800) for three months. It has 2.5M active members. The next big step would be an IPO. Sources say Canaan Partners, which invested $10M in tranches, would get around 10 times of its investment in its exit.

by Gireesh Babu
The full article was originally published at AFAQS, but is no longer available.

Getting VC-funded Is Like Getting Married

Posted on July 22, 2013

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