THE HINDU BUSINESS LINE – Jodii is a new exclusive matchmaking app in Tamil from TamilMatrimony. "Our purpose in rolling out Jodii is to help Tamils from all walks of life find a life partner," said Murugavel Janakiraman, Founder and CEO – Matrimony.com, the parent company of TamilMatrimony. On Jodii, all male members are required to verify their profile with a government identity proof.
Category: Matrimony.com
Matrimony Reports a Strong Start to FY22
MATRIMONY – Aug 13 – Key financial highlights for Q2:
- Revenue $14.2M, up 29% YOY
- Profit After Tax $1.9M, up 47.6% YOY
- Matrimony added 220K paid subscriptions during the Q2 (growth of 31.6% YOY)
Other highlights
During July 2021, the company signed definitive agreements to acquire a 100% stake in Boatman Tech Private Limited, promoters of ShaadiSaga.com.
Matrimony.com to Acquire Leading Wedding Services Aggregator ShaadiSaga
APN NEWS – July 7 – Matrimony.com, India's leading online matrimony company, has signed definitive agreements to acquire a 100% stake in Boatman Tech Private Limited, promoters of ShaadiSaga.com (a Delhi-based fast-growing online wedding services company) as approved by its Board of Directors. Founded in 2015, ShaadiSaga is a leading player in the Wedding Services industry, with 40K vendors across multiple services and catering to customers across 15 major cities in the country. Following this acquisition, ShaadiSaga's founders – Himanshu Kapsime (CEO) and Manish Garg (COO), along with another key leader – Niraj Patel (CPO) will join Matrimony.com in senior leadership roles.
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Matrimony.com to Expect Better Profit Growth
TIMES NOW NEWS – June 24 – The stock of Matrimony.com has gained ~2.5x in the last one year. Murugavel Janakiraman, Founder and CEO of Matrimony.com said: "Covid has led to increased digital adoption in the Matrimony business and expects the momentum to continue. Growth has been broad-based across geographies in India and across Tier II and Tier III markets." Increase in marketing expenses had led to impact on profits, said Janakiraman. Profits grew 40% last year and he expects profits to grow at a much better pace than last year.
Matrimonial Sites Are Doing Well
NEW INDIAN EXPRESS – June 11 – As meeting people has become difficult during the lockdown, matrimonial sites have launched video calling and Weddings From Home services. Murugavel Janakiraman, founder and CEO, Matrimony.com, said there has been a 25% increase in the number of registrations on their site during the lockdown and even on a quarter-on-quarter basis, they are reporting double digit growth. According to Adhish Zaveri, Senior Director – Marketing, Shaadi.com, the matchmaking industry has done well in the past year or so. "During the first wave, the engagement on Shaadi.com was up by 30-50% YOY. We also saw a 35-40% uptick in new members signing up."
Matrimony Reports Strong Net Profit Growth of 38% in FY21
NEWSPATROLLING – May 11 – Matrimony's fey financial highlights for the quarter ended March 31, 2021:
- Billing at Rs 106.7 crores ($14.5M) (up 10.8% YOY)
- Revenue at Rs 101.1 crores ($13.8M) (up 7.5% YOY)
- Profit After Tax (PAT) at Rs 10.1 crores ($1.4M) (up 49.4% YOY)
Key financial highlights for the year ended March 31, 2021:
- Billing at Rs 385 crores ($52.5M) (up 4.4%)
- Revenue at Rs 377.8 crores ($51.5M) (up 1.6%)
- Profit After Tax (PAT) at Rs 40.8 crores ($5.6M) (up 38%)
by Mahender Bansal
See full article at NewsPatrolling
Matrimony.com Launches Exclusive Matchmaking Service for IIM, IIT Grads
TIMES OF INDIA – Apr 27 – Matrimony.com has launched 'IIMIITMatrimony.com', an exclusive service for finding a life partner who has graduated from premier institutes like the IIMs, IITs and other top universities and colleges from India and abroad.
Matrimony.com Zooms 43% in 2 Days, Scales Fresh Record High
BUSINESS STANDARD – Feb 24 – JP Morgan Asset Management, which holds shares in Matrimony.com, is offloading its stake in the company via open markets through a bulk deal. The stock has surged 362% from its 52-week low of Rs 251 ($3.5) in March 2020. Shares of Matrimony.com hit a record high of Rs 1,160 ($16) after surging 19% on the Bombay Stock Exchange (BSE) on Wednesday. The stock has zoomed 43% in the past two trading days.
Matrimony Q3 Financial Results
APN NEWS – Feb 4 – Matrimony's Key financial highlights for the quarter ended December 31, 2020
- Revenue at Rs 96.7 crores ($13.3M), up 3.6 % q/q and 7.4% y/y
- Profit After Tax at Rs 11 crores ($1.5M), up 7.4% q/q and 96.5% y/y
Matchmaking
- Revenue at Rs 96.2 crores ($13.2M), up 3.8% q/q and 9.6% y/y
- Added 230K paid subscriptions during the quarter, increase by 6.2% q/q and 31.2% y/y
The company has launched new services – RajasthaniMatrimony and BihariMatrimony, and DoctorsMatrimony exclusively for Doctors.
Matrimony.com Launches New Matchmaking Portal Only for Doctors
BUSINESS TODAY – Jan 11 – DoctorsMatrimony.com was launched after Matrimony saw a 40% increase in the number of doctors registering over the past 3 years. Murugavel Janakiraman, Founder and CEO, Matrimony.com, while explaining why they launched an exclusive service for doctors, said, "Most doctors feel the need for a companion who understands their profession and shared values well and that seems possible when the life partner is also a doctor."