Bharat Matrimony, Former Yahoo Backed Matchmaker Plans IPO


Bangalore: Some marriages are made in heaven, all others are made in Bharatmatrimony.com or that is what the Indian marriage site would have you believe.

Bharat Matrimony is in talks about going public. Consim Info, the holding company of the online matchmaker Bharatmatrimony, started discussions with investment banks for up to a $125 million share sale, according to TOI. At the closure of this deal, Bharatmatrimony will become one of the largest internet company IPO.

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The company had planned for an IPO back in 2009 and they had also filed the papers but due to bad market condition and scarcity of investors, the issue was postponed. No later than 2011 CEO Murugavel Janakiraman, surfaced again but due to differences in opinions, he didn’t find his match.

The site which makes marriages ‘happen’ was founded in 1997 by Murugavel Janakiraman. The “Most trusted matrimonial portal” claims that it currently has over 2 crore profiles, 15 regional portals and it resides in the Limca book of records (an Indian equivalent of the Guinness Book of World records) “for facilitating highest number of marriages than any other Indian website over a period of seven years. (From 1999 to 2006)”

With the closure of this deal Bharatmatrimony will surpass Info Edge, owner of job portal naukri, which raised around Rs 170 crore in 2006 and Makemytrip's $70 million raise on the Nasdaq in 2010.

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