Category: Matrimony.com

IDEA SUMMIT in Berlin Fills Within 24 Hours

Posted on October 10, 2019

Idea-weblogo-2xIDEA – Oct 10 – The Internet Dating Excellence Association (IDEA.gp) exists to help the dating industry grow, and to help dating executives learn and share and improve their services for the benefit of their users.

I started IDEA in 2007, and we spent the first 10 years bringing dating industry leaders together socially prior to Internet Dating Conferences. Then we formalized it a couple years ago, and started running distinct gatherings. The first small gathering was IDEA WOW in Malta in November 2018. It went well, but attendees wanted more so we ran an IDEA WOW + IDEA SUMMIT in Chennai India and I co-hosted the gathering with Murugavel Janakiraman, the CEO/Founder of Matrimony, at the Matrimony.com HQ. It was a wonderful experience.

Our first European IDEA SUMMIT event will happen December 4th at the Spark Networks HQ in Berlin. I'll be cohosting with Jeronimo Folgueira, the CEO of Spark Networks. The event was released this Monday, and was full less than 24 hours later! Another small IDEA SUMMIT gathering is in the works for East Coast USA for March in 2020.

Matrimony Q1 2019 Financial Results

Posted on August 14, 2019

Matrimonycom linkedinPRESS RELEASE – Aug 8 – Matrimony.com, the leading online matrimony company in India, announced its financial results for the Q1 ended June 30, 2019. Revenue grew 7% YOY to Rs 95.5 crore ($13.4M), profit after tax was Rs 9.3 crore ($1.3M) in Q1 2019, down ~39.9% YOY. Matrimony has ~4M active profiles and added 1.2M profiles and ~177K paid subscribers in the Q1 quarter.

See full article at Matrimony website

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Matrimony.com to Dial Down on Wedding Services

Posted on July 3, 2019

Matrimonycom logo redCNBC TV – July 3 – Aside from its core business of online match-making, Matrimony.com runs wedding services like MatrimonyMandap, MatrimonyPhotography and MatrimonyBazaar among others. The company expects its Wedding Services vertical to register 50% – 100% growth in FY20. Matrimony.com's non-core businesses contribute just 5% to the company's annual revenues, which stood at Rs 335 crore ($49M) in FY19.

by Jude Sannith
See full article at CNBC TV

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Trademark Row: Matrimony.com Claims Interim Order

Posted on April 23, 2019

Matrimony logo on the wallTHE NEW INDIAN EXPRESS – Apr 23 – Indian matchmaking company Matrimony.com has obtained an interim injunction from the Madras High Court against Kalyan Matrimony, owned by Kalyan Jewellers, for infringement of its trademarks Tamil Matrimony, Telugu Matrimony, Kerala Matrimony and Kannada Matrimony through the Google Adwords Programme and in SEO. "We are pursuing legal action against those who deceptively use names similar to our trademarks and attempt to ride the goodwill and the reputation of our long-standing brands, on which we have invested heavily over the past two decades," said S. Ravichandran, GM (Legal & Regulatory) at Matrimony.com.

See full article at The New Indian Express

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Asian Internet Dating and Matchmaking Conferences

Posted on April 18, 2019

Marked calendarOPW – Apr 18 – Want to get your head around Asia? There's a couple conferences we'd like to put on your radar. But best book soon, as they're coming up fast. They're in Singapore at the amazing Marina Sands Hotel. I'm speaking at both of them.

The 1st is the GDI Singapore Dating Conference on May 13-14th, and is 250 GBP. Leaders from Paktor, Pairs, The Meet Group, Matrimony and Spark Networks will be speaking.

The 2nd is the Global Love Conference on May 15-16th, is $295, and will be more matchmaking focused. Leaders from Viola.ai / Lunch Actually, 2 Red Beans, Paktor, and the Matchmaking Institute will be speaking. (Here's a feel good $50 discount code 50OFFSG)

I hope to see you there. – Mark Brooks

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IDEA WOW + IDEA SUMMIT, in Chennai, India

Posted on April 9, 2019

OPW – Apr 9 – The Internet Dating Excellence Association World Officers Weekend happened over the weekend, and the IDEA SUMMIT happened Monday. Here’s video summaries of our adventures in Chennai.

Day 1

Day 2

IDEA SUMMIT was a closed door event. It was a very full day of learning and sharing. 14 presentations were made by the CEO/Founder of Matrimony, CEO of Mamba, Chief Mobile Officer of Matrimony, CEO/Founder of Lunch Actually, CMO of Woo, CEO/Founder of Agape Match, CEO of LoveMe, MD of Insparx, Owner of SuccessfulMatch, Owner of Hubpeople, Co-founder of LoveMe, MD of Mamba, and CEO of BetterHalf.ai.

You can see the full information and line up here. Now we’re working on the next event.

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Matrimony.com COO Sankara Narayanan Quits

Posted on March 23, 2019

Matrimonycom logo redECONOMIC TIMES – Mar 22 – Sankara Narayanan, former Aircel top executive who had joined Matrimony.com as COO, has quit just a little over two months after joining the company. Four months ago, K Balasubramanian resigned as CFO. The company had replaced Balasubramanian with former Mindtree top executive Sushanth Pai.

by Bharani Vaitheesvaran
See full article at Economic Times

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Why Self-employed People Get More Response on Matrimonial Sites

Posted on March 9, 2019

Indian matrimonyINDIA TIMES – Mar 9 – In India, matrimonial profiles of self-employed people have traditionally been preferred by the business community. Rajasekar KS, general manager at Matrimony.com, which runs matchmaking website Bharat Matrimony, said there's been a marked increase in the preference for entrepreneurs over the last few years. "It is largely driven by the increasing success stories of entrepreneurs," he said. Gourav Rakshit, CEO of Shaadi.com, said: "Over 20% women have shown interest in entrepreneurs." Another change is that more women are now in control of their profiles, as opposed to their parents doing the monitoring.

by Anjali Venugopalan
See full article at India Times

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Local Indian Dating Sites Focus on Serious Relationships to Take on Tinder

Posted on February 11, 2019

Indian dating appsTIMES OF INDIA – TrulyMadly is one of the bigger and older local ventures in India. Co-founder & COO Snehil Khanor says the company caters to both casual and serious users, "but there's definitely more money in older cohorts." He says 80% of its paying users mention on their profile that they are looking for something serious. 50% of TrulyMadly users are 28+ years old, and 70% 26+. Sumesh Menon, co-founder and CEO of matchmaking app Woo, also says money flows in only from older users, who are both socially and financially dependent. BetterHalf.AI too pitches itself as a "serious matchmaking product for working professionals looking to get married in the next 1-2 years." Co-founder and CEO Pawan Gupta says matrimony sites are too overwhelming for today's generation. Matrimony, Shaadi and others that traditionally relied on revenue from parents, are transforming to attract singles while keeping parents still involved in the process. Murugavel Janakiraman, founder and CEO of Matrimony.com, says till the mid-2000s, parents registered on behalf of their daughters and sons. Not any more. "Today, ~60% of our 3.7M active members are individuals who register on their own." Investments in the segment have been small, and was at its peak in 2015 at $6.3M. That was the year when TrulyMadly raised $5.3M and iCrushiFlush raised $0.5M. Last year there was just one funding deal. According to comScore data, the number of unique visitors to Tinder in India had risen to as high as that of Shaadi in late 2017, and had continued to challenge the local players.

by Sindhu Hariharan
See full article at Times of India

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Millennials in India Are Turning to Algorithms to Find Their Match

Posted on January 25, 2019

Betterhalfai teamBLOOMBERG – Jan 24 – Pawan Gupta wasn't having any luck finding a match so he teamed up with engineer Rahul Namdev to start an AI-powered matchmaking app, called Betterhalf.AI. The dating app, funded by 15 angel investors including half a dozen MIT alumni, puts users through several levels of verification comprising social networks, phone number, personal and work e-mail, and government ID. New users answer a breadth of questions on moral values, emotions and personality. That information is then melded with data from married individuals, open-source data and compatibility research. Betterhalf is targeted solely at people looking for a serious relationship. The start-up has 15 employees. There's plenty of competition in the new AI space including Truematch. Matrimony.com, which has 3.7M active users, is developing an AI-powered chatbot that it plans to deploy later this year.

by Saritha Rai
See full article at Bloomberg

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