Category: SecondShaadi.com

Matrimony.com Registers 88% Growth In Net Profit

Posted on May 6, 2018

Matrimonycom logo redTHE HINDU BUSINESSLINE – May 4 – Matrimony.com, an online provider of matrimony-related services, reported 88% growth in consolidated net profit at ₹17 crore ($2.5M) for Q4 ended March 31, 2018, compared with ₹9 ($1.3M) for the corresponding quarter last year. Revenue increased by 12% to ₹84 crore ($12.6M). For the fiscal ended March 31, 2018, net profit increased by 72% to ₹74 crore ($11M). In the Q4, the company acquired secondshaadi.com, an exclusive portal for divorcees.

See full article at The Hindu BusinessLine

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Summarized by the IDEA team

Parents Play Matchmakers

Posted on May 13, 2013

Thejmomlogo new May 13NY TIMES – May 9 – “It’s almost like outsourcing your online dating to your mom,” said Kevin Leland, CEO of TheJMom.com, a Jewish matchmaking site. Mothers, fathers and even grandmothers share online profiles of their ready-to-wed children. Duo is a traditional matchmaking service based in South Korea. 80% of the members are mothers inquiring on behalf of their sons. Annual fees can range from $2K – $5K, and include 7-9 introductions and parents monitor the dating progress of their children. Posting and browsing on TheJMom.com is free, and a six-month subscription package, which provides contacts and connections, starts at $78. The $199 premium service, the Personal Profile Concierge, provides mothers with a makeover of their own profile and their child’s online profile and one-on-one attention from someone at the company. Indian families are known to begin the matchmaking process by collecting a prospect’s “bio-data,” which is a résumé of someone’s marital qualifications — from the basics like age, weight and height, to information about a prospect’s job and character. There are a number of matrimonial sites including BharatMatrimony.com, Shaadi.com, and SecondShaadi.com (for second marriages).

by Ji Huyn Lee
See full article at NY Times

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Divorces Rise As Taboo Falls In India

Posted on April 14, 2011

Secondshaadi logo BUSINESS WEEK – Apr 14 – Just a decade ago, divorce was a dirty word in socially conservative India. But as the economy has boomed, the rigid boundaries governing traditional Indian life are beginning to fall, especially among the growing urban middle class. Dating among twentysomethings is growing popular, love matches (as opposed to arranged marriages) don't provoke the family scandals they once did and divorce is no longer out of bounds. The country maintains no statistics on divorce. In the 1980s, New Delhi had two courts that dealt with divorce. Today there are 16. A new Indian matchmaking website Secondshaadi.com, or second marriage, now targets divorcees and widowers. "Women, especially now, have little tolerance for bad marriages, for parental interference in their marriage. They have more economic independence," says Iti Kanungo, a court-appointed marriage counselor.

by Muneeza Naqvi
The full article was originally published at BusinessWeek, but is no longer available.

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India Says “I Do!” To Divorce

Posted on July 21, 2009
Secondshaadi logo THE WIP — July 20 – The Indian capital New Delhi has the unenviable distinction of being the country’s divorce citadel with about 9,000 cases annually. Other Indian cities are not far behind. Most are young couples, typically in their late 20s and early 30s. India is a remarkably young country with 70% of its billion plus population under the age of 35. The younger generation is willful, independent and adept at rationalizing their decisions. Remarriage was once unheard of but that’s changing. SecondShaadi.com narrows it down to all those who have been either divorced or widowed, and visitors to the site know at the outset what they are getting into. 

The full article was originally published at The Wip, but is no longer available.

Mark Brooks: Those that are single and never married, tend to prefer to communicate with those that are similar and never married.  This is true in the USA, and more true in India.

 

Divorce In India Becomes More Common As Romance Gains Importance

Posted on April 23, 2009

Secondshaadi logo GLOBAL POST — Apr 23 — For thousands of years in India,
marriages were contracts of servitude that sent a daughter off on a one-way
trip to her husband’s family home. Now, though, as women are gaining
independence through education and the workforce, a new cultural obsession with
romance and personal fulfillment has raised the bar for a happy marriage. India’s once
negligible divorce rate is being reported at 6%. Divorce laws are being relaxed,
and unfortunately the justice system is being abused as men and women alike are
trying to escape from unsatisfying marriages. At least among Internet users, the problem knows no geographical boundaries. About 60 percent of the 50,000 customers who have registered with SecondShaadi.com, an online matchmaking service for divorced Indians that launched a year ago, live outside India's five largest cities; more than a third live outside the 20 largest cities. FULL ARTICLE @ HUFFINGTON POST

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Matrimonial Portals

Posted on November 17, 2008

Indiawoman
KNOWLEDGE WHARTON — Nov 13 — Anupam Mittla, founder of Shaadi.com and
Murugavel Janakiraman, founder and CEO of
BharatMatrimony.com say that over the past five years, the
online matrimonial market in India, which they estimate to be currently
around US$50 million, has grown at a compounded annual growth rate of
50% to 70%. The India Online 2008 Matrimony report identifies
Janakiraman and Mittal as market leaders with nearly 70% of the market
between them in terms of the user base. The industry has a host of
small players, including those with extremely niche positioning like secondshaadi.com (for second marriages), idontwantdowry.com (for those against the practice of dowry), h1bmarriages.com (for non-resident Indians and technical professionals), positivesaathi.com
(for HIV-positive people) and so on. FULL ARTICLE @ KNOWLEDGE WHARTON

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Indian Dating For Divorcees

Posted on September 19, 2008

Secondshaadi_logo
WASHINGTON POST — Sep 19 — In India, divorce is slowly becoming a
girl’s best friend. In a country where marriage is a cornerstone of
family life, there
has long been a deep social stigma associated with divorce. Arranged
marriages are still common. India is a young nation, with 75% of the
population under age
35. A new matchmaking Indian Web site called SecondShaadi.com — shaadi
meaning marriage — is targeting divorcees and widows. FULL ARTICLE @ WASHINGTON POST