Category: Matrimony.com

Matrimony.com Buys Dating App Matchify

Posted on April 7, 2015

Matchify screenshotMEDIANAMA – 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.

by Sneha Johari
See full article at Medianama

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Bharat Matrimony: The Best Priest In The Marriage Business

Posted on October 1, 2013

Bharatmatrimony logo June 13AFAQS – 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.

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Getting VC-funded Is Like Getting Married

Posted on July 22, 2013

Matrimony muruga janakiramanTECH 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

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Consim Info Is Now Matrimony.com

Posted on June 11, 2013

Matrimonycom logoBUSINESS-STANDARD – June 11 – Chennai-based privately-held Consim Info, which owns BharatMatrimony.com, has changed its name to Matrimony.com. With this, the company would offer all its matrimony services under Matrimony.com. The company is planning to raise $100-$125M through an IPO this year. The company was running various matrimony brands under different names. (EliteMatrimony, PrivilegedMatrimony, AssistedMatrimony and PopularMatrimony). This would help it to offer various matrimony platforms and services under a single brand. So far, Matrimony.com has raised ~$20M.

by Bibhu Ranjan Mishra
See full article at Business-Standard

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