Matrimony.com Set For IPO


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Matrimony logo on the wallBUSINESS 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.

by Sheetal Agarwal
See full article at Business Standard

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

View full post on Online Personals Watch: News on the Dating Industry and Business


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